Great Lakes Dredge Stock Today
| GLDD Stock | USD 12.33 0.01 0.08% |
Performance13 of 100
| Odds Of DistressLess than 5
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Great Lakes is trading at 12.33 as of the 24th of November 2024, a 0.08 percent up since the beginning of the trading day. The stock's lowest day price was 12.23. Great Lakes has under 5 % chance of experiencing financial distress over the next 2 years and had a good performance during the last 90 days. Equity ratings for Great Lakes Dredge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 27th of December 2006 | Category Industrials |
Great Lakes Dredge Dock Corporation provides dredging services in the United States. Great Lakes Dredge Dock Corporation was founded in 1890 and is headquartered in Houston, Texas. Great Lakes operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. The company has 67.27 M outstanding shares of which 670.36 K shares are currently shorted by private and institutional investors with about 1.79 trading days to cover. More on Great Lakes Dredge
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Great Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO, Director | Lasse Petterson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction & Engineering, Engineering & Construction, Industrials, NASDAQ Composite, NASDAQ Composite Total, Military Industrial, Construction, Industrials, Construction & Engineering, Engineering & Construction, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsGreat Lakes can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Great Lakes' financial leverage. It provides some insight into what part of Great Lakes' total assets is financed by creditors.
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Great Lakes Dredge (GLDD) is traded on NASDAQ Exchange in USA. It is located in 9811 Katy Freeway, Houston, TX, United States, 77024 and employs 367 people. Great Lakes is listed under Construction & Engineering category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 829.46 M. Great Lakes Dredge conducts business under Construction & Engineering sector and is part of Industrials industry. The entity has 67.27 M outstanding shares of which 670.36 K shares are currently shorted by private and institutional investors with about 1.79 trading days to cover.
Great Lakes Dredge currently holds about 75.42 M in cash with 47.42 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.14.
Check Great Lakes Probability Of Bankruptcy
Ownership AllocationGreat Lakes Dredge has a total of 67.27 Million outstanding shares. The majority of Great Lakes Dredge outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Great Lakes to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Great Lakes Dredge. Please pay attention to any change in the institutional holdings of Great Lakes Dredge as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Great Ownership Details
Great Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Private Management Group Inc | 2024-09-30 | 1.2 M | |
| American Century Companies Inc | 2024-09-30 | 1.1 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 824.1 K | |
| D. E. Shaw & Co Lp | 2024-09-30 | 763.1 K | |
| Centerbook Partners Lp | 2024-09-30 | 743 K | |
| London Company Of Virginia | 2024-06-30 | 642.7 K | |
| Northern Trust Corp | 2024-09-30 | 611.4 K | |
| Wellington Management Company Llp | 2024-06-30 | 606.4 K | |
| Kennedy Capital Management Inc | 2024-09-30 | 558.1 K | |
| Blackrock Inc | 2024-06-30 | 6.9 M | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 4.4 M |
Great Lakes Historical Income Statement
Great Stock Against Markets
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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 11.083 | Quarterly Revenue Growth 0.631 | Return On Assets 0.0481 |
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.
Please note, there is a significant difference between Great Lakes' value and its price as these two are different measures arrived at by different 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.