Segall Bryant & Hamill LLC Invests $2.72 Million in Great Lakes Dredge & Dock Corporation $GLDD

Segall Bryant & Hamill LLC purchased a new position in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 223,340 shares of the construction company’s stock, valued at approximately $2,723,000. Segall Bryant & Hamill LLC owned approximately 0.33% of Great Lakes Dredge & Dock at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GLDD. Strs Ohio purchased a new stake in Great Lakes Dredge & Dock in the first quarter worth about $45,000. Quarry LP boosted its position in shares of Great Lakes Dredge & Dock by 213.7% in the 1st quarter. Quarry LP now owns 5,503 shares of the construction company’s stock worth $48,000 after purchasing an additional 3,749 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Great Lakes Dredge & Dock by 330.4% in the 1st quarter. AlphaQuest LLC now owns 12,598 shares of the construction company’s stock worth $110,000 after purchasing an additional 9,671 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of Great Lakes Dredge & Dock in the 1st quarter worth approximately $111,000. Finally, R Squared Ltd bought a new position in Great Lakes Dredge & Dock during the 2nd quarter valued at approximately $125,000. Institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Stock Performance

GLDD stock opened at $12.07 on Tuesday. The stock’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $11.60. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87. Great Lakes Dredge & Dock Corporation has a 12-month low of $7.51 and a 12-month high of $13.05. The stock has a market capitalization of $820.75 million, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.40.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, November 4th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $195.21 million during the quarter, compared to analyst estimates of $201.30 million. Great Lakes Dredge & Dock had a return on equity of 15.61% and a net margin of 8.63%. As a group, research analysts forecast that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GLDD shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research note on Wednesday, October 8th. Zacks Research upgraded Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Great Lakes Dredge & Dock has an average rating of “Buy”.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.