12,774 Shares in Great Lakes Dredge & Dock Corporation $GLDD Bought by Atria Investments Inc

Atria Investments Inc acquired a new stake in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,774 shares of the construction company’s stock, valued at approximately $156,000.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in shares of Great Lakes Dredge & Dock by 22.7% in the 1st quarter. Jennison Associates LLC now owns 5,310,894 shares of the construction company’s stock valued at $46,205,000 after purchasing an additional 981,652 shares during the period. Vanguard Group Inc. increased its holdings in Great Lakes Dredge & Dock by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,907,174 shares of the construction company’s stock valued at $33,992,000 after buying an additional 29,586 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Great Lakes Dredge & Dock by 4.0% during the 1st quarter. TCW Group Inc. now owns 2,153,534 shares of the construction company’s stock worth $18,736,000 after acquiring an additional 82,700 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Great Lakes Dredge & Dock by 22.0% in the 1st quarter. American Century Companies Inc. now owns 1,970,775 shares of the construction company’s stock valued at $17,146,000 after purchasing an additional 355,184 shares in the last quarter. Finally, Minerva Advisors LLC raised its holdings in Great Lakes Dredge & Dock by 3.6% in the 1st quarter. Minerva Advisors LLC now owns 1,389,807 shares of the construction company’s stock worth $12,091,000 after purchasing an additional 48,000 shares during the period. 89.11% of the stock is owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Stock Down 1.3%

Shares of NASDAQ:GLDD opened at $12.35 on Friday. Great Lakes Dredge & Dock Corporation has a 52-week low of $7.51 and a 52-week high of $13.05. The stock has a market cap of $839.79 million, a P/E ratio of 11.76, a PEG ratio of 0.94 and a beta of 1.40. The business has a fifty day moving average of $11.80 and a two-hundred day moving average of $11.48. The company has a quick ratio of 1.02, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $195.21 million for the quarter, compared to analysts’ expectations of $201.30 million. On average, research analysts expect that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on GLDD shares. Zacks Research raised Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.