Alps Advisors Inc. Purchases New Holdings in Great Lakes Dredge & Dock Corporation $GLDD

Alps Advisors Inc. purchased a new position in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,750 shares of the construction company’s stock, valued at approximately $453,000. Alps Advisors Inc. owned 0.06% of Great Lakes Dredge & Dock at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Great Lakes Dredge & Dock by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 2,180,909 shares of the construction company’s stock valued at $26,585,000 after buying an additional 210,134 shares during the period. Geode Capital Management LLC raised its position in Great Lakes Dredge & Dock by 3.2% in the second quarter. Geode Capital Management LLC now owns 1,656,547 shares of the construction company’s stock worth $20,195,000 after acquiring an additional 51,269 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Great Lakes Dredge & Dock by 680.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 841,140 shares of the construction company’s stock valued at $10,253,000 after acquiring an additional 733,312 shares during the period. JPMorgan Chase & Co. grew its position in Great Lakes Dredge & Dock by 26.7% during the second quarter. JPMorgan Chase & Co. now owns 789,276 shares of the construction company’s stock worth $9,621,000 after buying an additional 166,166 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Great Lakes Dredge & Dock by 99.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 494,033 shares of the construction company’s stock valued at $5,884,000 after purchasing an additional 246,007 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Stock Down 0.4%

Shares of NASDAQ GLDD opened at $16.89 on Friday. The stock has a fifty day moving average price of $14.35 and a 200 day moving average price of $12.69. The company has a market cap of $1.15 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.28 and a beta of 1.42. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. Great Lakes Dredge & Dock Corporation has a 12-month low of $7.51 and a 12-month high of $16.99.

Wall Street Analysts Forecast Growth

GLDD has been the subject of a number of recent research reports. Wall Street Zen cut shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Texas Capital lowered shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Great Lakes Dredge & Dock in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $20.00 target price for the company. Noble Financial downgraded Great Lakes Dredge & Dock from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Weiss Ratings raised Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Insiders Place Their Bets

In other news, SVP David Johanson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $13.02, for a total transaction of $130,200.00. Following the completion of the sale, the senior vice president directly owned 94,063 shares in the company, valued at $1,224,700.26. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Key Great Lakes Dredge & Dock News

Here are the key news stories impacting Great Lakes Dredge & Dock this week:

• Positive Sentiment: Saltchuk agreed to acquire GLDD in an all-cash transaction (reported value around $1.2–$1.5B). The deal explains the recent sharp upward move as buyers price in the acquisition premium and certainty of a cash sale. Read More.
• Neutral Sentiment: Unusually large options trading was detected ahead of and around the deal announcement, signaling elevated speculative or hedge activity that can amplify intraday volatility. Read More.
• Neutral Sentiment: Analysts and commentators note GLDD’s strong backlog and elevated dredging demand ahead of Q4 earnings, but potential margin pressure from dry-docking costs could temper organic upside if investors refocus on fundamentals. Read More.
• Neutral Sentiment: Short-interest reports in recent filings contain inconsistent data (reports show 0 shares and NaN changes), so short-position signals are unclear; treat short-interest metrics with caution until corrected filings are available.
• Negative Sentiment: A shareholder rights firm launched an investigation into whether the board breached fiduciary duties in connection with the proposed sale, creating potential legal/transaction risk and a drag on sentiment until the matter is resolved. Read More.
• Negative Sentiment: Two brokerages downgraded GLDD (Texas Capital: strong-buy → hold; Noble Financial: outperform → market perform), which can weigh on near-term momentum and reduce buy-side conviction despite the takeover. Read More. • Read More.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.