Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is among the 15 Best Small Cap Stocks to Buy According to Wall Street. Texas Capital Downgrades Great Lakes Dredge & Dock Corporation (GLDD) to Hold with a $17 Price Target On February 12, 2026, Texas Capital analyst Alex Rygiel downgraded Great Lakes Dredge to Hold from Buy with a $17 price target after Saltchuk Resources announced a definitive agreement to acquire the company for $17 per share in cash. The announcement followed a February 11, 2026, j ...

Core Viewpoint - Kahn Swick & Foti, LLC is investigating the proposed sale of Great Lakes Dredge & Dock Corporation to Saltchuk Resources, Inc., focusing on whether the offered price of $17.00 per share adequately reflects the company's value and the process leading to this valuation [1]. Group 1: Proposed Sale Details - The proposed transaction involves shareholders of Great Lakes receiving $17.00 in cash for each share they own [1]. - KSF is assessing the adequacy of this consideration and the process that led to the proposed sale [1]. Group 2: Legal Rights and Contact Information - Shareholders who believe the transaction undervalues the company can discuss their legal rights with KSF without obligation or cost [1]. - KSF Managing Partner Lewis S. Kahn can be contacted via email or toll-free phone for inquiries related to the investigation [1].

Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) is expected to report its fourth-quarter 2025 financial results on February 17, 2026, before the market opens [1] - The company's adjusted earnings per share (EPS) in the last reported quarter exceeded the Zacks Consensus Estimate by 52.9%, while revenues fell short by 3.1% but showed year-over-year growth [1] Earnings Performance - GLDD has consistently surpassed earnings estimates in the last four quarters, with an average surprise of 65.5% [2] - The Zacks Consensus Estimate for the upcoming quarter's EPS has decreased to 20 cents from 22 cents over the past month, indicating a 31% year-over-year decline from the adjusted EPS of 29 cents [3] Revenue Expectations - The consensus estimate for revenues in the upcoming quarter is $218.7 million, reflecting a 7.8% year-over-year increase [3] - The fourth-quarter performance is anticipated to be bolstered by a strong backlog and increased dredging volumes across various projects, including capital, coastal protection, and maintenance work [4] Project and Market Dynamics - Continued funding from the U.S. Army Corps of Engineers and sustained activity in coastal resilience and infrastructure projects are expected to support demand for dredging services [5] - Capital dredging, which accounted for 64.7% of total revenues in the third quarter of 2025, is the primary growth driver, supported by major port-deepening and LNG-related projects [6] Revenue Breakdown - The Zacks Consensus Estimate for Dredging Capital revenues is $104.2 million, a 5.5% increase from $98.8 million in the previous year [7] - Dredging Maintenance revenues are estimated at $23.4 million, indicating a 16.4% decrease from $28 million a year ago, while Dredging Coastal Protection revenues are expected to grow by 10.9% to $83.5 million [7] Margin Considerations - Profitability in the fourth quarter may face pressure from costs associated with a heavy dry-docking schedule, labor, and fuel expenses [10] - However, improved fleet utilization and project execution are expected to partially offset these challenges, supported by a favorable project mix [10]

Core Viewpoint - Texas Capital analyst Alex Rygiel downgraded Great Lakes Dredge (GLDD) to Hold from Buy following Saltchuk Resources' announcement of a definitive agreement to acquire Great Lakes for $17 per share in cash [1] Group 1 - The acquisition price is set at $17 per share in cash [1] - The downgrade reflects the impact of the acquisition announcement on the stock's outlook [1]

SAN DIEGO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) breached their fiduciary duties in connection with the proposed sale of the Company to privately owned Saltchuk Resources, Inc. If you own Great Lakes shares and believe this proposed transaction undervalues your investment, please consider joining our investigation. To participate or learn more, you ...

Core Viewpoint - The M&A Class Action Firm is investigating Great Lakes Dredge & Dock Corporation regarding its proposed sale to Saltchuk Resources, Inc., where shareholders are set to receive $17.00 per share in cash, raising questions about the fairness of the deal [1]. Group 1: Company Overview - Great Lakes Dredge & Dock Corporation is involved in a transaction where it will be sold to Saltchuk Resources, Inc. [1]. - The proposed transaction offers Great Lakes shareholders a cash payment of $17.00 per share [1]. Group 2: Legal Investigation - The M&A Class Action Firm, led by attorney Juan Monteverde, is conducting an investigation into the fairness of the proposed sale [1]. - The firm has a successful track record in recovering millions for shareholders and is recognized in the 2024 ISS Securities Class Action Services Report [1].

Group 1 - Ademi LLP is investigating Great Lakes Dredge & Dock Corporation for potential breaches of fiduciary duty and other legal violations related to its transaction with Saltchuk Resources [1] - In the transaction, Great Lakes stockholders are set to receive $17.00 per share, amounting to approximately $1.2 billion in aggregate equity value and a total transaction value of $1.5 billion [1] - The transaction agreement imposes significant penalties on Great Lakes for accepting competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [1]

Core Viewpoint - The law firm Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Great Lakes Dredge & Dock (GLDD) for $17.00 per share to Saltchuk Resources, which is below the $20.00 per share price target set by J.P. Morgan [1] Group 1 - The proposed sale price of $17.00 per share is lower than the price target of $20.00 per share established by J.P. Morgan on January 22, 2026 [1] - Several investors have expressed disappointment regarding the sale on SeekingAlpha [1] - Wohl & Fruchter LLP is assessing whether the GLDD board acted in the best interests of shareholders and if the sale price is fair [3] Group 2 - The investigation will also consider whether all material information about the transaction has been disclosed, including any potential conflicts of interest [3] - Wohl & Fruchter LLP has a history of representing investors in litigation related to corporate misconduct and has recovered hundreds of millions of dollars for investors [3]

Core Viewpoint - Great Lakes Dredge & Dock Corporation has entered into a definitive agreement for Saltchuk Resources, Inc. to acquire the company for an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion, with shareholders set to receive $17.00 per share in cash, representing a 25% premium to the 90-day volume-weighted average price as of February 10, 2026 [1][2]. Group 1: Transaction Details - The acquisition agreement has been unanimously approved by the Board of Directors of both companies [2]. - Saltchuk will commence a tender offer to acquire all outstanding shares of Great Lakes for $17.00 per share in cash, which is a 5% premium to the company's all-time high closing price [2]. - The transaction is expected to close in Q2 2026, subject to customary closing conditions, including regulatory approvals and the tender of shares representing a majority of Great Lakes' outstanding shares [3][4]. Group 2: Company Statements - Great Lakes' Chairman expressed satisfaction with the agreement, stating it delivers significant value for shareholders and is in their best interests [3]. - The President and CEO of Great Lakes highlighted the alignment of company cultures and the continuation of their long-term growth strategy with Saltchuk [3]. - Saltchuk's Chairman emphasized the goal of providing a permanent home for Great Lakes, which aligns with their community-focused values [3]. Group 3: Operational Impact - Upon completion of the transaction, Great Lakes will operate as a standalone business within Saltchuk, and its common stock will no longer be listed on Nasdaq [4]. - The transaction is supported by fully committed financing from major banks, including Bank of America and Wells Fargo [4]. - Great Lakes has a long history of successful project completion and operates the largest and most diverse fleet in the U.S. dredging industry, with approximately 200 specialized vessels [8].

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and has a significant history of international projects [4] - The company is expanding its core business into the offshore energy industry [4] - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [4] - The company has a disciplined training program for engineers to ensure performance based on experience [4] - Great Lakes has a strong safety management program, Incident-and Injury-Free® (IIF®), integrated into its culture [4] Financial Results Announcement - Great Lakes will release its financial results for the three and twelve months ended December 31, 2025, on February 17, 2026, at 7:00 a.m. C.S.T. [1] - A conference call will be held the same day at 9:00 a.m. C.S.T. [1] Conference Call Registration - Investors and analysts are encouraged to pre-register for the conference call to gain immediate access [2] - Pre-registration can be completed at any time up to the call start time [2] - The live call and replay will be available on the company's website under Events on the Investor Relations page [3]