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]

Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into the board members of Great Lakes Dredge & Dock Corporation regarding potential breaches of fiduciary duties related to the proposed sale of the company to Saltchuk Resources, Inc. [1] Group 1: Proposed Transaction - On February 11, 2026, Great Lakes announced a definitive merger agreement with Saltchuk Resources, Inc., where shareholders are expected to receive $17.00 per share in cash [3] - The investigation by Johnson Fistel aims to determine if the proposed transaction reflects the company's intrinsic value and if the board took steps to maximize shareholder value [3] Group 2: Shareholder Participation - Shareholders who believe the proposed transaction undervalues their investment are encouraged to join the investigation [2] - Interested parties can find more information through a provided link or by contacting lead analyst Jim Baker [2] Group 3: Firm Achievements - In 2024, Johnson Fistel was recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [4] - This recognition marks the eighth time the firm has been acknowledged as a top plaintiffs' securities law firm in the United States based on total dollar value of recoveries [4]

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]