The most recent trading session ended with Great Lakes Dredge & Dock (GLDD) standing at $11.27, reflecting a -0.62% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Shares of the provider of dredging and dock-contracting services witnessed a gain of 21.28% over the previous month, beating the performance of the Construction sector with its gain of 3.88% and the S&P 500's gain of ...

Great Lakes Dredge & Dock Corporation (GLDD) has announced receiving $342.3 million worth of several dredging awards, thus further enhancing its backlog and revenue visibility in the upcoming years. Besides this, the company also has approximately $350 million in low bids and options pending award. This includes three works for which GLDD was a low bidder in the past two months, thereby bringing its potential total pipeline of work to more than $1.5 billion. More on Great Lakes' New Awards The company highl ...

Core Insights - Great Lakes Dredge & Dock Corp (GLDD) shares increased by 9.84% on October 2, reaching an intraday high of $11.78, which is 0.04% below its 52-week high and 92.56% above its 52-week low of $6.12 [1] - The average target price for GLDD, based on forecasts from 4 analysts, is $14.00, indicating an upside potential of 18.90% from the current price [2] - The average brokerage recommendation for GLDD is 1.7, suggesting an "Outperform" status, with a rating scale from 1 (Strong Buy) to 5 (Sell) [2] Stock Performance - GLDD's stock closed at $11.78, up from the previous close of $10.72, with a trading volume of 492,764 shares, which is 91.7% of the average daily volume of 537,448 [1] - The stock's performance places it at 0.04% below its 52-week high and 92.56% above its 52-week low [1] Analyst Projections - The high estimate for GLDD's price target is $15.00, while the low estimate is $13.00 [2] - GuruFocus estimates the GF Value for GLDD in one year to be $10.76, suggesting a downside of 8.62% from the current price [2]

HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of several dredging awards totaling $342.3 million. The awarded work includes: Sabine-Neches Waterway Channel Improvement, Contract 6 Project (Capital, Texas, $219.1 million) Canaveral Harbor Sand Bypass Project 5 (Coastal Protection, Florida, $40.6 million) Brigantine Inlet to Great Egg H ...

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $10.58, with a daily increase of +0.86%, outperforming the S&P 500's gain of 0.4% [1] - The stock has increased by 5.43% over the last month, surpassing the Construction sector's gain of 2.56% and the S&P 500's gain of 1.71% [1] Upcoming Earnings - The company is projected to report earnings of $0.18 per share, indicating a year-over-year growth of 300% [2] - Revenue is estimated at $180.8 million, reflecting a 54.28% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $0.80 per share, representing a growth of +471.43% [3] - Revenue for the fiscal year is projected at $749.53 million, indicating a +27.12% change from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts are crucial, as upward revisions indicate positive sentiment towards the company's operations and profit generation capabilities [4] Zacks Rank and Valuation - Great Lakes Dredge & Dock currently holds a Zacks Rank of 2 (Buy), with a proven track record of outperformance [6] - The Forward P/E ratio is 13.11, which is a discount compared to the industry average of 21.46 [7] - The PEG ratio stands at 0.37, significantly lower than the industry average of 2.5, indicating favorable valuation metrics [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and has a Zacks Industry Rank of 13, placing it in the top 6% of over 250 industries [8]

Group 1 - The focus is on GARP (Growth at Reasonable Price) opportunities within the industrial, consumer, and technology sectors [1] - The article encourages readers to follow for the latest research updates and invites questions through comments or messaging [1] Group 2 - The article is authored by Gayatri S. [2] - There is a disclosure stating that past performance does not guarantee future results and that no specific investment recommendations are provided [3] - The analysts contributing to the article may not be licensed or certified by any regulatory body [3]

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Great Lakes Dredge & Dock (GLDD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Great Lakes Dredge & Dock is a member of our Construction group, which includes 91 different companies and currently sits ...

Great Lakes Dredge & Dock (GLDD) ended the recent trading session at $9.44, demonstrating a +0.53% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%. Coming into today, shares of the provider of dredging and dock-contracting services had gained 4.8% in the past month. In that same time, the Construction sector gained 2.28%, while the ...

HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that its Senior Vice President and Chief Financial Officer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the Sidoti Small-Cap Virtual Investor Conference, taking place on Wednesday, September 18, 2024. The presentation will begin at 3:15 PM ET on Wednesday, Sep ...