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Great Lakes Dredge & Dock (GLDD) Stock Overview
Provides dredging services in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
GLDD Community Fair Values
Create NarrativeSee what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$27.99
FV
39.3% undervalued intrinsic discount30.00%
Revenue growth p.a.
16
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0users have commented on this narrative
1users have followed this narrative
Great Lakes Dredge & Dock Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.00 |
| 52 Week High | US$17.02 |
| 52 Week Low | US$7.51 |
| Beta | 1.41 |
| 1 Month Change | 0.12% |
| 3 Month Change | 28.21% |
| 1 Year Change | 98.37% |
| 3 Year Change | 217.76% |
| 5 Year Change | 10.61% |
| Change since IPO | 163.57% |
Recent News & Updates
Narrative Update • Mar 27
GLDD: Saltchuk Cash Offer And Downgrades Will Define Limited Upside Risk Profile
Analysts have trimmed their outlook on Great Lakes Dredge & Dock, cutting the price target to $17.00 as they align with the agreed $17 per share cash acquisition by Saltchuk Resources and see limited additional upside, with multiple firms shifting to more neutral ratings. Analyst Commentary Recent research around the Saltchuk Resources agreement has become more muted, with several firms moving to neutral stances as the US$17 per share cash offer now anchors valuation expectations and leaves less room for additional re rating.Narrative Update • Mar 13
GLDD: Saltchuk Cash Deal And Rating Downgrades Will Shape Risk Balance
Analysts have trimmed their price targets on Great Lakes Dredge & Dock, with the fair value estimate moving from about $17.80 to $17.00 as they align expectations with the agreed $17 per share cash acquisition price and reassess the company’s discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research around Great Lakes Dredge & Dock has largely shifted toward a deal-focused view, with most coverage aligning ratings and targets with the agreed US$17 per share cash acquisition price from Saltchuk Resources.Narrative Update • Feb 26
GLDD: Mixed Research Views And Pending Saltchuk Deal Will Shape Earnings Risk Balance
Analysts have nudged their price target for Great Lakes Dredge & Dock slightly higher to $17.80 from $17.60, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E after a mix of recent downgrades along with a fresh bullish initiation on the stock. Analyst Commentary Recent Street research on Great Lakes Dredge & Dock has been mixed, with a fresh bullish initiation at JPMorgan set against a couple of downgrades from other firms.Recent updates
Narrative Update • Mar 27
GLDD: Saltchuk Cash Offer And Downgrades Will Define Limited Upside Risk Profile
Analysts have trimmed their outlook on Great Lakes Dredge & Dock, cutting the price target to $17.00 as they align with the agreed $17 per share cash acquisition by Saltchuk Resources and see limited additional upside, with multiple firms shifting to more neutral ratings. Analyst Commentary Recent research around the Saltchuk Resources agreement has become more muted, with several firms moving to neutral stances as the US$17 per share cash offer now anchors valuation expectations and leaves less room for additional re rating.Narrative Update • Mar 13
GLDD: Saltchuk Cash Deal And Rating Downgrades Will Shape Risk Balance
Analysts have trimmed their price targets on Great Lakes Dredge & Dock, with the fair value estimate moving from about $17.80 to $17.00 as they align expectations with the agreed $17 per share cash acquisition price and reassess the company’s discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research around Great Lakes Dredge & Dock has largely shifted toward a deal-focused view, with most coverage aligning ratings and targets with the agreed US$17 per share cash acquisition price from Saltchuk Resources.Narrative Update • Feb 26
GLDD: Mixed Research Views And Pending Saltchuk Deal Will Shape Earnings Risk Balance
Analysts have nudged their price target for Great Lakes Dredge & Dock slightly higher to $17.80 from $17.60, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E after a mix of recent downgrades along with a fresh bullish initiation on the stock. Analyst Commentary Recent Street research on Great Lakes Dredge & Dock has been mixed, with a fresh bullish initiation at JPMorgan set against a couple of downgrades from other firms.Narrative Update • Feb 10
GLDD: Updated Research Support And Risk View Will Shape Steadier Earnings Outlook
Analysts have nudged their blended price target for Great Lakes Dredge & Dock up from US$17.00 to about US$17.60. They cite recent research that points to modestly higher revenue growth expectations, a slightly lower discount rate, and a somewhat richer future P/E assumption supporting their updated view.Seeking Alpha • Jan 28
Great Lakes Dredge & Dock Corporation: Solid Setup With Visible Earnings Growth
Summary Great Lakes Dredge & Dock Corporation is rated Buy, driven by strong revenue visibility, a high-quality backlog, and margin expansion catalysts. GLDD’s $1.1 billion effective backlog covers 15 months of revenue, with 84% in higher-margin capital dredging and coastal protection projects. Fleet renewal is improving margins and efficiency, with new vessels already expanding gross margin by over 300 bps year-over-year in Q3 2025. Offshore wind, anchored by a fully contracted vessel for 2026, diversifies GLDD’s revenue and provides incremental, higher-margin earnings. Read the full article on Seeking AlphaNarrative Update • Jan 26
GLDD: Updated Outlook And Buyback Completion Will Support Steadier Future Earnings
Analysts have raised their price target on Great Lakes Dredge & Dock from US$16 to US$17, citing updated assumptions around revenue growth, profit margins and future P/E that they view as better aligned with the company’s current outlook. Analyst Commentary Bullish Takeaways Bullish analysts point to the updated revenue and margin assumptions as better aligned with the company’s current project pipeline, which they see as supportive of the higher P/E framework used in the new US$17 target.Analysis Article • Jan 16
At US$15.44, Is It Time To Put Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) On Your Watch List?
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ), is not the largest company out there, but it received a lot of...Narrative Update • Jan 11
GLDD: Steady Assumptions And Buyback Execution Will Support Future Cash Flows
Analysts have reaffirmed their price target on Great Lakes Dredge & Dock at US$16.00, citing largely unchanged assumptions around the discount rate, revenue growth, profit margins, and future P/E multiples that still support this valuation level. What's in the News Between July 1, 2025 and September 30, 2025, Great Lakes Dredge & Dock did not repurchase any shares under its existing buyback authorization (Key Developments).Narrative Update • Dec 24
GLDD: New Federal Dredging Awards Will Support Stronger Long Term Cash Flows
Analysts have nudged their price target for Great Lakes Dredge & Dock modestly higher to approximately $16.00 per share. This reflects slightly improved long term growth, profitability, and discount rate assumptions in their valuation models.Analysis Article • Dec 12
We Think Great Lakes Dredge & Dock (NASDAQ:GLDD) Is Taking Some Risk With Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 10
GLDD: New Federal Dredging Awards Will Drive Long Term Cash Flow Visibility
Analysts have nudged their price target on Great Lakes Dredge & Dock higher to $16.00, reflecting modestly lower perceived risk and slightly stronger long term growth expectations despite a small trim to projected profit margins. What's in the News Completed a share repurchase program totaling 1,312,493 shares, representing 1.94% of shares outstanding for $11.59 million under the buyback announced March 14, 2025 (company buyback update).Narrative Update • Nov 26
GLDD: Recent $130 Million Contract Wins Will Drive Continued Fleet Expansion
Analysts have maintained their price target for Great Lakes Dredge & Dock at $16.00. They cite stable valuation assumptions, despite minor adjustments to growth and margin forecasts.Narrative Update • Nov 12
GLDD: Strong Public Contracts Will Drive 200-Vessel Fleet Expansion Forward
Analysts have raised their price target for Great Lakes Dredge & Dock from $15.00 to $16.00. They cite stronger growth prospects and improved profit margins, which are supported by both public and private sector demand.Analysis Article • Aug 08
Results: Great Lakes Dredge & Dock Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
NasdaqGS:GLDD 1 Year Share Price vs Fair Value Explore Great Lakes Dredge & Dock's Fair Values from the Community and...Analysis Article • Aug 02
Should You Be Adding Great Lakes Dredge & Dock (NASDAQ:GLDD) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • May 13
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Surges 25% Yet Its Low P/E Is No Reason For Excitement
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ) shareholders are no doubt pleased to see that the share price has...Analysis Article • May 09
Results: Great Lakes Dredge & Dock Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ) investors will be delighted, with the company turning in some...Analysis Article • May 01
Increases to CEO Compensation Might Be Put On Hold For Now at Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)
Key Insights Great Lakes Dredge & Dock to hold its Annual General Meeting on 8th of May CEO Lasse Petterson's total...Seeking Alpha • Feb 28
Great Lakes Dredge & Dock: Recent Correction Not Yet A Buying Opportunity
Summary Great Lakes Dock & Dredge sold off recently due to mixed earnings and concerns about future government spending cuts. The company has had challenges around long-term revenue growth, profitability, and weak cash flows. Large investments in new assets have delivered uneven returns. Given the recent overreaction in stock price, I rate GLDD as a hold. But I am skeptical about the longer-term investment case. Read the full article on Seeking AlphaAnalysis Article • Feb 19
Benign Growth For Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Underpins Stock's 25% Plummet
The Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ) share price has fared very poorly over the last month...Analysis Article • Feb 11
These 4 Measures Indicate That Great Lakes Dredge & Dock (NASDAQ:GLDD) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 20
What Is Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Share Price Doing?
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ), might not be a large cap stock, but it saw significant share...
New Narrative • Sep 24
Modernizing Fleet And Diversifying Into Offshore Wind Fuels Robust Growth Prospects
Strategic fleet modernization and diversification into the offshore wind market are poised to enhance operational efficiency and open new revenue streams.Analysis Article • Sep 20
Cautious Investors Not Rewarding Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Performance Completely
There wouldn't be many who think Great Lakes Dredge & Dock Corporation's ( NASDAQ:GLDD ) price-to-sales (or "P/S...Seeking Alpha • Sep 18
Great Lakes Dredge & Dock: Good Near And Long-Term Growth Prospects
Summary Great Lakes Dredge & Dock Corporation (GLDD) has strong growth prospects due to a healthy backlog, robust bidding activity, and federal infrastructure funding support. The company's revenue growth is driven by high-margin capital dredging projects, increasing offshore wind market demand, and diversification into adjacent markets. Margins are expected to improve due to cost-saving measures, favorable project mix, and fleet upgrades, enhancing operational efficiency. GLDD is trading at a discount to its historical P/E average, presenting a buy opportunity as the stock is poised for further re-rating. Read the full article on Seeking AlphaAnalysis Article • Aug 28
Some Investors May Be Worried About Great Lakes Dredge & Dock's (NASDAQ:GLDD) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Aug 08
Is Now An Opportune Moment To Examine Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)?
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ), might not be a large cap stock, but it led the NASDAQGS gainers...Seeking Alpha • Jun 27
Great Lakes Dredge & Dock: Another Look At This Infrastructure Play
Summary Today, we take another look at the largest dredging outfit in North America, Great Lakes Dredge & Dock, headquartered in Houston, TX. The company is benefiting from all the funding provided by congress in recent years for infrastructure projects. The stock has moved up some 30% since the company handily beat both top and bottom-line expectations with its first quarter numbers. Where do the shares go from here? An updated analysis follows in the paragraphs below. Read the full article on Seeking AlphaAnalysis Article • May 21
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Stock Rockets 27% But Many Are Still Ignoring The Company
Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ) shares have had a really impressive month, gaining 27% after a...Analysis Article • May 03
We Discuss Why Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) CEO Compensation May Be Closely Reviewed
Key Insights Great Lakes Dredge & Dock's Annual General Meeting to take place on 9th of May Total pay for CEO Lasse...Analysis Article • Apr 17
Great Lakes Dredge & Dock (NASDAQ:GLDD) Will Want To Turn Around Its Return Trends
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Seeking Alpha • Feb 24
Great Lakes Dredge & Dock: A Good Opportunity With Minimal Downside Risk
Summary GLDD recently posted improved financial results for Q4 FY23, with increased contract revenues and improved margins. Despite lower annual revenue in FY23 compared to FY22, profitability improved significantly due to cost reduction actions. Technical analysis suggests that now is a good time to accumulate the stock, as it is trading near strong support levels and shows potential for a trend change. Read the full article on Seeking AlphaAnalysis Article • Feb 15
A Piece Of The Puzzle Missing From Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) 27% Share Price Climb
Despite an already strong run, Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD ) shares have been powering on, with...Analysis Article • Jan 26
Great Lakes Dredge & Dock (NASDAQ:GLDD) Has Debt But No Earnings; Should You Worry?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 11
Is Great Lakes Dredge & Dock (NASDAQ:GLDD) Weighed On By Its Debt Load?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • May 04
Is Great Lakes Dredge & Dock (NASDAQ:GLDD) Weighed On By Its Debt Load?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Shareholder Returns
| GLDD | US Construction | US Market | |
|---|---|---|---|
| 7D | 0.2% | -8.1% | -0.3% |
| 1Y | 98.4% | 101.6% | 26.7% |
Return vs Industry: GLDD underperformed the US Construction industry which returned 107.7% over the past year.
Return vs Market: GLDD exceeded the US Market which returned 16% over the past year.
Price Volatility
| GLDD volatility | |
|---|---|
| GLDD Average Weekly Movement | 5.3% |
| Construction Industry Average Movement | 8.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GLDD has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GLDD's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1890 | 398 | Lasse Petterson | www.gldd.com |
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers capital dredging that consists 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. It is also involved in coastal protection projects comprising moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.
Great Lakes Dredge & Dock Corporation Fundamentals Summary
| GLDD fundamental statistics | |
|---|---|
| Market cap | US$1.14b |
| Earnings (TTM) | US$73.47m |
| Revenue (TTM) | US$888.28m |
15.5x
P/E Ratio1.3x
P/S RatioIs GLDD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GLDD income statement (TTM) | |
|---|---|
| Revenue | US$888.28m |
| Cost of Revenue | US$684.79m |
| Gross Profit | US$203.49m |
| Other Expenses | US$130.02m |
| Earnings | US$73.47m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.10 |
| Gross Margin | 22.91% |
| Net Profit Margin | 8.27% |
| Debt/Equity Ratio | 73.1% |
How did GLDD perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/02 17:58 |
| End of Day Share Price | 2026/03/31 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Great Lakes Dredge & Dock Corporation is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Kaplowitz | Barclays |
| Jonathan Tanwanteng | CJS Securities, Inc. |
| John Rogers | D.A. Davidson & Co. |