Noble Financial Issues Positive Forecast for GLDD Earnings

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Research analysts at Noble Financial lifted their Q4 2025 EPS estimates for shares of Great Lakes Dredge & Dock in a report released on Wednesday, November 5th. Noble Financial analyst J. Gomes now anticipates that the construction company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share.

Several other research firms also recently weighed in on GLDD. Weiss Ratings reissued a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research report on Wednesday, October 8th. Zacks Research cut shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Great Lakes Dredge & Dock currently has a consensus rating of “Hold”.

Great Lakes Dredge & Dock Trading Down 1.5%

Shares of NASDAQ:GLDD traded down $0.18 during midday trading on Friday, reaching $12.01. The company had a trading volume of 46,613 shares, compared to its average volume of 470,372. The company has a fifty day simple moving average of $11.70 and a two-hundred day simple moving average of $11.33. The firm has a market cap of $816.35 million, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.94 and a beta of 1.40. Great Lakes Dredge & Dock has a 1-year low of $7.51 and a 1-year high of $12.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.15.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The firm had revenue of $195.21 million for the quarter, compared to analyst estimates of $201.30 million. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

A number of hedge funds have recently modified their holdings of GLDD. State of Alaska Department of Revenue purchased a new position in Great Lakes Dredge & Dock in the third quarter valued at about $46,000. Federated Hermes Inc. grew its stake in shares of Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after buying an additional 1,505 shares in the last quarter. Strs Ohio bought a new stake in shares of Great Lakes Dredge & Dock in the 1st quarter valued at approximately $45,000. Quarry LP raised its position in Great Lakes Dredge & Dock by 213.7% during the first quarter. Quarry LP now owns 5,503 shares of the construction company’s stock valued at $48,000 after acquiring an additional 3,749 shares in the last quarter. Finally, CWM LLC grew its position in Great Lakes Dredge & Dock by 125.0% in the third quarter. CWM LLC now owns 6,995 shares of the construction company’s stock worth $84,000 after acquiring an additional 3,886 shares in the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

About Great Lakes Dredge & Dock

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.