Is Great Lakes Stock a Good Investment?
Great Lakes Investment Advice | GLDD |
- Examine Great Lakes' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Great Lakes' leadership team and their track record. Good management can help Great Lakes navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Construction & Engineering space and any emerging trends that could impact Great Lakes' business and its evolving consumer preferences.
- Compare Great Lakes' performance and market position to its competitors. Analyze how Great Lakes is positioned in terms of product offerings, innovation, and market share.
- Check if Great Lakes pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Great Lakes' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Great Lakes Dredge stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Great Lakes Dredge is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Great Lakes Stock
Researching Great Lakes' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 86.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.74. Some equities with similar Price to Book (P/B) outperform the market in the long run. Great Lakes Dredge has Price/Earnings To Growth (PEG) ratio of 0.38. The entity last dividend was issued on the 19th of December 2012.
To determine if Great Lakes is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Great Lakes' research are outlined below:
| Great Lakes Dredge generated a negative expected return over the last 90 days | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Heres Why Great Lakes Dredge Dock Fell More Than Broader Market |
Great Lakes Quarterly Liabilities And Stockholders Equity |
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Great Lakes uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Great Lakes Dredge. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Great Lakes' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Great Lakes' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Great Lakes' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2017-08-02 | 2017-06-30 | 0.03 | 0.02 | -0.01 | 33 | ||
2016-05-03 | 2016-03-31 | -0.06 | -0.07 | -0.01 | 16 | ||
2011-11-01 | 2011-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2009-02-26 | 2008-12-31 | 0.04 | 0.03 | -0.01 | 25 | ||
2015-11-03 | 2015-09-30 | 0.02 | 0.0051 | -0.0149 | 74 | ||
2019-11-05 | 2019-09-30 | 0.12 | 0.14 | 0.02 | 16 | ||
2017-05-03 | 2017-03-31 | -0.04 | -0.06 | -0.02 | 50 | ||
2015-08-04 | 2015-06-30 | 0.07 | 0.05 | -0.02 | 28 |
Great Lakes Target Price Consensus
Great target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Great Lakes' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 2 | Strong Buy |
Most Great analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Great stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Great Lakes Dredge, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationGreat Lakes Target Price Projection
Great Lakes' current and average target prices are 11.00 and 14.67, respectively. The current price of Great Lakes is the price at which Great Lakes Dredge is currently trading. On the other hand, Great Lakes' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Great Lakes Market Quote on 16th of February 2025
Target Price
Analyst Consensus On Great Lakes Target Price
Great Lakes Analyst Ratings
Great Lakes' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Great Lakes stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Great Lakes' financials, market performance, and future outlook by experienced professionals. Great Lakes' historical ratings below, therefore, can serve as a valuable tool for investors.Know Great Lakes' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Great Lakes is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Great Lakes Dredge backward and forwards among themselves. Great Lakes' institutional investor refers to the entity that pools money to purchase Great Lakes' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | American Century Companies Inc | 2024-09-30 | 1.1 M | D. E. Shaw & Co Lp | 2024-09-30 | 763.1 K | Centerbook Partners Lp | 2024-09-30 | 743 K | Charles Schwab Investment Management Inc | 2024-12-31 | 692 K | Next Century Growth Investors Llc | 2024-09-30 | 668 K | London Company Of Virginia | 2024-09-30 | 642.7 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 642.1 K | Bnp Paribas Investment Partners Sa Usd | 2024-09-30 | 640.5 K | Bnp Paribas Investment Partners Sa Usd | 2024-09-30 | 640.5 K | Blackrock Inc | 2024-09-30 | 7.2 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 4.4 M |
Great Lakes' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 739.99 M.Market Cap |
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Great Lakes' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.01 | |
| Return On Capital Employed | 0.03 | 0.06 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.03 | 0.03 |
Determining Great Lakes' profitability involves analyzing its financial statements and using various financial metrics to determine if Great Lakes is a good buy. For example, gross profit margin measures Great Lakes' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Great Lakes' profitability and make more informed investment decisions.
Great Lakes' Earnings Breakdown by Geography
Please note, the presentation of Great Lakes' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Great Lakes' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Great Lakes' management manipulating its earnings.
Evaluate Great Lakes' management efficiency
Great Lakes Dredge has return on total asset (ROA) of 0.0481 % which means that it generated a profit of $0.0481 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1494 %, meaning that it created $0.1494 on every $100 dollars invested by stockholders. Great Lakes' management efficiency ratios could be used to measure how well Great Lakes manages its routine affairs as well as how well it operates its assets and liabilities. At present, Great Lakes' Return On Equity is projected to increase slightly based on the last few years of reporting. At present, Great Lakes' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Intangibles To Total Assets is expected to grow to 0.12, whereas Other Assets are forecasted to decline to 1.09.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 5.22 | 3.83 | |
| Tangible Book Value Per Share | 4.18 | 2.43 | |
| Enterprise Value Over EBITDA | 12.22 | 12.83 | |
| Price Book Value Ratio | 1.52 | 1.45 | |
| Enterprise Value Multiple | 12.22 | 12.83 | |
| Price Fair Value | 1.52 | 1.45 | |
| Enterprise Value | 891.8 M | 742.2 M |
Management at Great Lakes Dredge focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 1.158 |
Basic technical analysis of Great Stock
As of the 16th of February 2025, Great Lakes retains the Risk Adjusted Performance of (0.06), standard deviation of 2.02, and Market Risk Adjusted Performance of (0.29). Great Lakes technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Great Lakes Dredge variance, as well as the relationship between the maximum drawdown and skewness to decide if Great Lakes is priced fairly, providing market reflects its last-minute price of 11.0 per share. Given that Great Lakes Dredge has information ratio of (0.10), we strongly advise you to confirm Great Lakes Dredge's regular market performance to make sure the company can sustain itself at a future point.Great Lakes' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Great Lakes insiders, such as employees or executives, is commonly permitted as long as it does not rely on Great Lakes' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Great Lakes insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Great Lakes' Outstanding Corporate Bonds
Great Lakes issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Great Lakes Dredge uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Great bonds can be classified according to their maturity, which is the date when Great Lakes Dredge has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Valero Energy Partners Corp BondUS91914JAA07 | View | |
| US390607AF62 Corp BondUS390607AF62 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View |
Understand Great Lakes' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Great Lakes' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.29) | |||
| Mean Deviation | 1.56 | |||
| Coefficient Of Variation | (1,028) | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.06 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.30) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.98 | |||
| Skewness | (0.50) | |||
| Kurtosis | 0.3829 |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.29) | |||
| Mean Deviation | 1.56 | |||
| Coefficient Of Variation | (1,028) | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.06 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.30) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.98 | |||
| Skewness | (0.50) | |||
| Kurtosis | 0.3829 |
Consider Great Lakes' intraday indicators
Great Lakes intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Great Lakes stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Great Lakes Corporate Filings
| 5th of February 2025 Other Reports | ViewVerify | |
F4 | 16th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 8th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Great Stock media impact
Far too much social signal, news, headlines, and media speculation about Great Lakes that are available to investors today. That information is available publicly through Great media outlets and privately through word of mouth or via Great internal channels. However, regardless of the origin, that massive amount of Great data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Great Lakes news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Great Lakes relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Great Lakes' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Great Lakes alpha.
Great Lakes Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Great Lakes can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Great Lakes Dredge Historical Investor Sentiment
Investor biases related to Great Lakes' public news can be used to forecast risks associated with an investment in Great. The trend in average sentiment can be used to explain how an investor holding Great can time the market purely based on public headlines and social activities around Great Lakes Dredge. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Great Lakes' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Great Lakes and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Great Lakes news discussions. The higher the estimate score, the more favorable the investor's outlook on Great Lakes.
Great Lakes Corporate Management
| Trond Ellefsen | VP Innovation | Profile | |
| James Tastard | Sr Officer | Profile | |
| Lynn Nietfeld | Senior Region | Profile | |
| David Johanson | Senior Operations | Profile | |
| Todd Lightfoot | VP Officer | Profile | |
| Steven Becker | Senior Engineering | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Lakes Dredge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Lakes. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Lakes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.219 | Earnings Share 0.88 | Revenue Per Share | Quarterly Revenue Growth 0.631 | Return On Assets |
The market value of Great Lakes Dredge is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Lakes' value that differs from its market value or its book value, called intrinsic value, which is Great Lakes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Lakes' market value can be influenced by many factors that don't directly affect Great Lakes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Great Lakes' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Great Lakes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Lakes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.