Great Lakes Dredge & Dock Reaches $5.60 52-Week High

The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) hit a new 52-week high and has $6.10 target or 9.00% above today’s $5.60 share price. The 6 months bullish chart indicates low risk for the $348.48 million company. The 1-year high was reported on Jul, 15 by Barchart.com. If the $6.10 price target is reached, the company will be worth $31.36M more. The stock increased 0.90% or $0.05 during the last trading session, reaching $5.6. About 119,182 shares traded. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 23.75% since July 15, 2017 and is uptrending. It has outperformed by 11.18% the S&P500. Some Historical GLDD News: 19/04/2018 – Michigan.gov: MIOSHA and Great Lakes Safety Training Center Sign Alliance to Promote Workplace Safety and Health; 18/04/2018 – Sen. Gillibrand: To Protect Against Future Flooding Along New York’s Great Lakes Coastline, Senator Gillibrand Pushes For; 15/03/2018 – AdvisorHub: Schwab Terminates Custody Agreement with Great Lakes & Atlantic; 06/03/2018 Rep. Kildee: Congressman Dan Kildee Highlights Great Lakes Week, Speaks Out Against President Trump’s Cuts to Great Lakes; 19/03/2018 – NOAA: Study: Climate change soon to be main cause of heat waves in West, Great Lakes; 31/05/2018 – S&PGR Affirms Great Lakes Gas Transmission At ‘BBB-‘; 24/04/2018 – Great Lakes Dredge Short-Interest Ratio Rises 75% to 18 Days; 27/03/2018 – Rep. Upton: Holland Sentinel: Upton talks school safety, Great Lakes protection at Holland event; 23/03/2018 – Michigan.gov: Great Lakes Invasive Carp Challenge finalists to compete Tuesday in livestream event; 23/03/2018 – Sen. Baldwin: U.S. Senator Tammy Baldwin Secures Full Funding for Great Lakes Restoration Initiative

Since May 10, 2018, it had 2 insider buys, and 0 insider sales for $32,235 activity. 1,500 Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) shares with value of $7,620 were bought by Shanahan Kathleen M. Steger Ronald bought $24,615 worth of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) on Friday, May 25.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.25, from 1.13 in 2017Q4. It fall, as 10 investors sold Great Lakes Dredge & Dock Corporation shares while 32 reduced holdings. 11 funds opened positions while 26 raised stakes. 42.99 million shares or 0.17% more from 42.92 million shares in 2017Q4 were reported. Dimensional Fund Advsr L P has invested 0.01% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Private Mngmt Grp Inc Inc holds 1.60M shares. Manufacturers Life The holds 0% or 47,136 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys holds 0% or 72,967 shares in its portfolio. Renaissance Tech Limited Liability Company has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Raymond James & Associates holds 0% or 23,044 shares in its portfolio. Tiaa Cref Invest Mgmt Limited Liability invested in 146,925 shares or 0% of the stock. The Minnesota-based Ameriprise has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Brandywine Glob Invest Mngmt Ltd Liability Co owns 29,455 shares for 0% of their portfolio. Swiss Financial Bank owns 103,300 shares for 0% of their portfolio. Great West Life Assurance Can owns 8,100 shares for 0% of their portfolio. Invesco Limited invested in 182,045 shares or 0% of the stock. Peak6 Investments Limited Partnership holds 0% or 18,300 shares. Harvey Prtnrs Limited Co reported 1.78% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Group Inc One Trading L P has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 1,700 shares.

Analysts await Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) to report earnings on August, 1. They expect $-0.03 EPS, down 250.00% or $0.05 from last year’s $0.02 per share. After $-0.07 actual EPS reported by Great Lakes Dredge & Dock Corporation for the previous quarter, Wall Street now forecasts -57.14% EPS growth.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Seekingalpha.com which released: “Great Lakes wins $70M award for San Jacinto River project” on July 13, 2018, also Globenewswire.com with their article: “Great Lakes Announces Receipt of $70 Million San Jacinto Award” published on July 12, 2018, Globenewswire.com published: “Great Lakes Announces Receipt of $164 Million in Awarded Work” on July 02, 2018. More interesting news about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 07/02: (ACXM) (MLHR) (GLDD) Higher; (MDXG) Lower (more…)” published on July 02, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 07/03: (JNP) (AVXL) (AYI) Higher; (GLNCY) (DAL) (AAL) Lower (more…)” with publication date: July 03, 2018.

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company has market cap of $348.48 million. It operates in two divisions, Dredging and Environmental & Infrastructure. It currently has negative earnings. The Dredging segment is involved in capital dredging that consists of port expansion projects, land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.Hold was due to concerns on where to dump the dredging materials.

Source: Cardinal Weekly