Segall Bryant & Hamill LLC Acquires New Holdings in Great Lakes Dredge & Dock Corporation $GLDD

Segall Bryant & Hamill LLC bought a new position in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 223,340 shares of the construction company’s stock, valued at approximately $2,723,000.

Other large investors have also added to or reduced their stakes in the company. CenterBook Partners LP raised its stake in Great Lakes Dredge & Dock by 169.2% during the 1st quarter. CenterBook Partners LP now owns 1,121,974 shares of the construction company’s stock valued at $9,761,000 after buying an additional 705,159 shares during the last quarter. Nuveen LLC bought a new stake in shares of Great Lakes Dredge & Dock in the first quarter worth $3,960,000. American Century Companies Inc. increased its position in Great Lakes Dredge & Dock by 22.0% during the first quarter. American Century Companies Inc. now owns 1,970,775 shares of the construction company’s stock valued at $17,146,000 after acquiring an additional 355,184 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Great Lakes Dredge & Dock during the second quarter valued at $2,932,000. Finally, Brandywine Global Investment Management LLC bought a new position in Great Lakes Dredge & Dock in the first quarter valued at about $2,130,000. Institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Trading Up 1.8%

Shares of NASDAQ:GLDD opened at $12.07 on Tuesday. The stock has a 50 day moving average of $11.79 and a 200 day moving average of $11.60. The company has a market cap 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 Corporation has a 12-month low of $7.51 and a 12-month high of $13.05. 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 (NASDAQ:GLDD) last released 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. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%. The company had revenue of $195.21 million for the quarter, compared to analysts’ expectations of $201.30 million. As a group, equities research analysts expect that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GLDD. Weiss Ratings restated a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research note on Wednesday, October 8th. Zacks Research raised shares of Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Great Lakes Dredge & Dock

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.