69,245 Shares in Great Lakes Dredge & Dock Corporation $GLDD Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial acquired a new stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) during the first quarter, Holdings Channel.com reports. The fund acquired 69,245 shares of the construction company’s stock, valued at approximately $1,177,000.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in Great Lakes Dredge & Dock during the fourth quarter worth $25,000. Farther Finance Advisors LLC increased its stake in shares of Great Lakes Dredge & Dock by 231.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,474 shares during the last quarter. Strs Ohio acquired a new position in shares of Great Lakes Dredge & Dock during the 1st quarter worth $45,000. Bogart Wealth LLC acquired a new position in shares of Great Lakes Dredge & Dock during the 1st quarter worth $51,000. Finally, Federated Hermes Inc. lifted its position in shares of Great Lakes Dredge & Dock by 43.5% during the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock worth $61,000 after buying an additional 1,505 shares during the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Price Performance

Great Lakes Dredge & Dock stock opened at $17.00 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.14 billion, a PE ratio of 15.89, a P/E/G ratio of 1.26 and a beta of 1.38. Great Lakes Dredge & Dock Corporation has a 12 month low of $8.80 and a 12 month high of $17.02. The stock has a 50-day moving average price of $15.47 and a two-hundred day moving average price of $15.68.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen raised Great Lakes Dredge & Dock to a “strong-buy” rating in a research note on Saturday, April 4th. CJS Securities reissued a “market perform” rating on shares of Great Lakes Dredge & Dock in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. cut shares of Great Lakes Dredge & Dock from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a report on Thursday, March 26th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Great Lakes Dredge & Dock presently has an average rating of “Hold” and a consensus price target of $17.00.

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.