BNP Paribas Financial Markets Decreases Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

BNP Paribas Financial Markets decreased its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDDFree Report) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,351 shares of the construction company’s stock after selling 13,392 shares during the period. BNP Paribas Financial Markets owned 0.08% of Great Lakes Dredge & Dock worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GLDD. Jump Financial LLC acquired a new position in Great Lakes Dredge & Dock during the 3rd quarter valued at approximately $304,000. New York State Common Retirement Fund increased its stake in Great Lakes Dredge & Dock by 40.2% during the 3rd quarter. New York State Common Retirement Fund now owns 20,493 shares of the construction company’s stock valued at $163,000 after purchasing an additional 5,881 shares in the last quarter. Keybank National Association OH increased its stake in Great Lakes Dredge & Dock by 40.7% during the 3rd quarter. Keybank National Association OH now owns 29,879 shares of the construction company’s stock valued at $238,000 after purchasing an additional 8,639 shares in the last quarter. Swiss National Bank increased its stake in Great Lakes Dredge & Dock by 2.2% during the 3rd quarter. Swiss National Bank now owns 146,000 shares of the construction company’s stock valued at $1,164,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Great Lakes Dredge & Dock by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,104 shares of the construction company’s stock valued at $8,369,000 after purchasing an additional 48,091 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

Wall Street Analyst Weigh In

GLDD has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Great Lakes Dredge & Dock from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. StockNews.com lowered shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Friday, May 17th.

Read Our Latest Research Report on GLDD

Great Lakes Dredge & Dock Stock Down 0.7 %

NASDAQ:GLDD opened at $9.09 on Tuesday. The firm has a market capitalization of $609.12 million, a P/E ratio of 15.95, a PEG ratio of 1.26 and a beta of 1.13. Great Lakes Dredge & Dock Co. has a 1-year low of $6.11 and a 1-year high of $9.78. The company’s fifty day moving average price is $8.37 and its 200-day moving average price is $8.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.06.

Great Lakes Dredge & Dock (NASDAQ:GLDDGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.25. The firm had revenue of $198.66 million for the quarter, compared to analyst estimates of $176.45 million. Great Lakes Dredge & Dock had a net margin of 6.05% and a return on equity of 8.83%. As a group, equities research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.73 EPS for the current year.

Great Lakes Dredge & Dock Company Profile

(Free Report)

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.

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Institutional Ownership by Quarter for Great Lakes Dredge & Dock (NASDAQ:GLDD)

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