Great Lakes Dredge and Dock Stock Investment Analysis

As a potential investor, it's essential to understand the company behind Great Lakes Dredge and Dock's stock. Great Lakes Dredge and Dock is the largest dredging company in the US, with over 130 years of experience in the industry.

Their expertise in dredging and marine construction is unmatched, with a fleet of 20 vessels and a workforce of over 1,000 employees. The company's history dates back to 1890, when it was founded by a group of entrepreneurs in Chicago.

The company's revenue has been steadily increasing over the years, with a growth rate of 10% in the past five years. In 2020, Great Lakes Dredge and Dock reported revenue of $434 million.

Their diversified business model, which includes dredging, marine construction, and environmental remediation, has helped the company weather economic downturns and remain profitable.

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Investing in GLDD requires some research and planning. You can buy GLDD shares through an online brokerage account, which can be chosen from a list of reputable providers.

To start, you'll need to sign up for an account with a 0% commission trading brokerage. Once you've deposited money into your investment account, you can research the company's fundamentals, such as its dredging services and backlog, which currently stands at $1.2 billion.

The company has a strong outlook, with a perfect record of marine project completion in its 135-year history. Its new build program is expected to be substantially completed in 2025, and it operates a large fleet of specialized vessels, including the Damen 3013 Multi Cat vessels, which have won the 2024 Significant Boat of the Year award.

You can also consider the company's share repurchase program, which was announced in March 2024 and allows the company to buy back up to $50 million worth of its shares. This could be a good opportunity for investors to benefit from the company's strong financial position.

Here are some key statistics about GLDD:

To invest in Great Lakes Dredge & Dock stock, you'll need to choose an online brokerage. There are many options available, but one of the highest-rated brokerages is available through a 0% commission trading platform.

Selecting the right brokerage is crucial, and it's worth doing your research to find one that meets your needs. You can sign up for a brokerage account by providing some basic information and selecting your method of payment.

Before making a trade, it's essential to research the company and its stock. The Great Lakes Dredge & Dock ticker symbol is GLDD, and you can find information about its business fundamentals and analyst opinions online.

To buy GLDD shares, you'll need to decide whether to purchase them at the current market price or use a limit order to buy them at a specific price. Once you've made your trade, you can create a watchlist to receive important notifications about your investment.

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Here's a step-by-step guide to buying GLDD shares:

GLDD stock may be undervalued based on its P/E ratio of 10.78x, which is lower than the Engineering & Construction industry P/E ratio of 27.73x. This suggests that the stock could be a good value compared to its peers.

Analysts use various methods to gauge a company's fair value, and in this case, GLDD's P/E ratio indicates that it may be undervalued. This is a positive sign for investors looking to buy the stock.

GLDD's P/B ratio of 1.37x is also lower than the Engineering & Construction industry P/B ratio of 4.07x, which further supports the idea that the stock may be undervalued. This could make GLDD a good option for value investors.

Here's a comparison of GLDD's P/E and P/B ratios with the industry averages:

Keep in mind that past performance is not a guarantee of future results, and it's essential to do your own research and consider multiple factors before making an investment decision.

Great Lakes Dredge & Dock Corporation has announced a $50 million share repurchase program, authorized by its Board of Directors. This program will allow the company to buy back shares through various means, including open market purchases and private transactions.

The repurchase program is set to expire on March 14, 2026, and the company believes its current share price undervalues its business strength. The buyback will be accretive to shareholders, meaning it will increase the value of their shares.

The company's $1.2 billion backlog ensures stable, long-term growth, and the new build program is expected to be substantially completed in 2025. Great Lakes operates the largest U.S. dredging fleet with approximately 200 specialized vessels.

Here's a breakdown of the key details of the share repurchase program:

The company's strong financial position and backlog make it an attractive investment opportunity. With a 134-year history, Great Lakes specializes in dredging services and is expanding into offshore wind energy.

Investing in GLDD requires a thorough understanding of its valuation. GLDD's market value is $616.31 million, with 67.28 million shares outstanding.

The company's stock has seen significant growth, increasing 27.4% in one year and currently trading at $9.16, up 1.1% from the previous day. This outperforms other stocks in the Engineering & Construction industry.

GLDD's capitalization has fluctuated over time, ranging from $457 million to $2.29 billion. Its Enterprise value has also varied, reaching as high as $150 billion in 2025.

A key metric to consider is the P/E ratio, which is 10.78x, significantly lower than the Engineering & Construction industry average of 27.73x. This suggests GLDD may be undervalued.

Here's a summary of GLDD's valuation metrics:

GLDD's free-float is 97.99%, indicating a relatively high percentage of shares available for trading.

Great Lakes Dredge & Dock Corporation has strong growth prospects due to a healthy backlog, robust bidding activity, and federal infrastructure funding support.

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You can see all of the due diligence checks on GLDD's stock page, providing a comprehensive evaluation of the company's stock.

The company's revenue growth is driven by its position as the largest provider of dredging services in the United States.

Great Lakes Dredge & Dock Corporation has announced several press releases in recent months, highlighting its growth and expansion in the industry.

The company has a strong presence in the market, with a robust backlog and bidding activity that supports its growth prospects.

You can access additional valuation analysis on GLDD's stock to further evaluate its potential.

Great Lakes Dredge & Dock's financial performance has been on the rise in recent years. In 2024, the company's revenue skyrocketed to $762.69 million, a 29.35% increase from the previous year's $589.63 million.

Their earnings also saw a significant boost, rising to $57.27 million, a 311.80% increase from the previous year. This impressive growth is a testament to the company's solid business strategy and efficient operations.

Here's a breakdown of the company's revenue and earnings over the past few years:

Note that the company's revenue and earnings have consistently increased over the years, with a significant jump in 2024. This trend suggests that Great Lakes Dredge & Dock is on a strong growth path.

Great Lakes Dredge & Dock reported its second-best results in 2024, with a strong outlook and a $1.2 billion backlog as of December 31, 2024.

The company announced a $50 million share repurchase program, which will allow it to buy back shares through various means, including open market purchases and private transactions. This program is set to expire on March 14, 2026.

Great Lakes Dredge & Dock has maintained a perfect record of marine project completion throughout its 135-year history, and operates the largest U.S. dredging fleet with approximately 200 specialized vessels.

Here's a summary of the company's recent earnings and news:

Great Lakes Dredge & Dock is floating higher today due to a strong current of new business. This is evident in their recent profits beating estimates.

The company's profits exceeded expectations, which is a great sign for their financial health. They've been enjoying a surge in new business, which has contributed to their success.

Great Lakes Dredge & Dock boasts a $1.2 billion backlog, ensuring stable, long-term growth. This impressive backlog provides a strong foundation for the company's future success.

Their strong revenue visibility is also a key factor in their current success. This means they have a clear understanding of their future revenue streams, which is essential for making informed business decisions.

The company's stock has also seen a significant increase in value, with shares surging 9.84% on October 2. This is a clear indication of investor confidence in the company's future prospects.

Great Lakes Dredge & Dock's position as the largest provider of dredging services in the United States is a significant advantage. This gives them a competitive edge in the market and allows them to capitalize on key tailwinds.

Their recent announcement of $182 million in awarded work is also a major contributor to their success. This influx of new business will help to drive growth and profitability in the coming months.

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Great Lakes Dredge & Dock reported not-so-great Q1 earnings due to rising sales and falling profit margins.

The company's earnings call for the period ending March 31, 2019, was a significant event, but the details are scarce.

In a surprising move, the company's Q1 earnings failed to match expectations, leaving investors wondering what went wrong.

Great Lakes Dredge & Dock's largest provider of dredging services in the United States, boasts a $1.2 billion backlog and strong revenue visibility, ensuring stable, long-term growth.

The company has secured multiple dredging contracts totaling $182 million, including four major coastal protection projects.

Here's a breakdown of the awarded work:

The projects focus on beach renourishment and coastal storm damage reduction, with work schedules spanning from late 2024 through early 2026.

The company has also announced a $50 million share repurchase program, which will be used to buy back shares through various means, including open market purchases and private transactions.

The program's implementation will depend on market conditions, regulatory requirements, and stock prices.

The company believes its current share price undervalues its business strength, and the buyback will be accretive to shareholders.

Great Lakes Dredge & Dock Corporation has a market capitalization of $50 million, as evident from their recent share buyback program. This move aims to strengthen the company's financial position.

In terms of leadership, Dana A. Armstrong was appointed to the company's Audit Committee on March 3. Additionally, she was elected as an Independent Director on January 8.

Here are some key corporate actions taken by Great Lakes Dredge & Dock Corporation:

The company has secured significant contracts, including $182 million in US dredging contracts on December 19.

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. This is a crucial aspect of the company's business.

The company offers a range of dredging services, including capital dredging, coastal restoration, and maintenance dredging. This is evident in their services, which consist of port expansion projects, coastal restoration and land reclamations, trench digging for pipelines, tunnels, and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.

As of the last available data, there are 67.28 million shares of GLDD outstanding. This is a significant number, reflecting the company's market presence.

The market value of GLDD is $616.31 million, which is a substantial figure in the industry. This valuation is a result of the company's performance and market conditions.

Here is a summary of the company's market performance:

The company has shown a significant increase in its stock price, with a 27.4% rise in one year. This is a notable achievement in the industry, where the company has outperformed other stocks by 0.14 percentage points.

The Great Lakes Dredge & Dock Corporation has a strong leadership team with several key managers and directors. Lasse Petterson serves as the CEO, a position he has held since April 30, 2017.

Scott Kornblau is the Director of Finance and Chief Financial Officer, a role he took on September 30, 2021. David Johanson is the Chief Operating Officer, starting his position on July 31, 2022.

Here's a breakdown of the company's leadership team:

Lawrence Dickerson is the Chairman, a position he has held since January 31, 2018.