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Great Lakes Dredge & Dock (GLDD)


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Upturn Advisory Summary
10/20/2025: GLDD (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $15
1 Year Target Price $15
2 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 39.25% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 732.99M USD | Price to earnings Ratio 10.17 | 1Y Target Price 15 |
Price to earnings Ratio 10.17 | 1Y Target Price 15 | ||
Volume (30-day avg) 3 | Beta 1.37 | 52 Weeks Range 7.51 - 12.89 | Updated Date 10/19/2025 |
52 Weeks Range 7.51 - 12.89 | Updated Date 10/19/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.63% | Operating Margin (TTM) 8.82% |
Management Effectiveness
Return on Assets (TTM) 5.85% | Return on Equity (TTM) 15.93% |
Valuation
Trailing PE 10.17 | Forward PE 12.18 | Enterprise Value 1297493269 | Price to Sales(TTM) 0.88 |
Enterprise Value 1297493269 | Price to Sales(TTM) 0.88 | ||
Enterprise Value to Revenue 1.56 | Enterprise Value to EBITDA 8.35 | Shares Outstanding 67995301 | Shares Floating 62712746 |
Shares Outstanding 67995301 | Shares Floating 62712746 | ||
Percent Insiders 2.39 | Percent Institutions 83.18 |
Upturn AI SWOT
Great Lakes Dredge & Dock

Company Overview
History and Background
Great Lakes Dredge & Dock Corporation (GLDD) was founded in 1890. It is the largest provider of dredging services in the United States and has played a significant role in developing and maintaining the nation's waterways and coastlines. Over time, it has expanded its services to include environmental remediation and land reclamation.
Core Business Areas
- Dredging: Maintenance dredging, capital dredging, beach nourishment, and land reclamation. Involves removing sediments and other materials from waterways.
- Environmental & Remediation: Environmental dredging, habitat restoration, and management of contaminated sediments. Addresses environmental concerns related to dredging activities.
- Coastal Protection: Construction and rehabilitation of coastal infrastructure, including jetties, breakwaters, and seawalls. Protects coastlines from erosion and storm damage.
Leadership and Structure
Lasse Petterson is the current President and CEO. The company has a traditional hierarchical structure with various divisions responsible for different aspects of its operations.
Top Products and Market Share
Key Offerings
- Maintenance Dredging: Removing accumulated sediments from existing waterways to maintain navigable depths. GLDD holds a significant share in this market. Competitors: Manson Construction, Weeks Marine.
- Capital Dredging: Creating new or deepening existing waterways for navigation and port development. GLDD holds a significant share in this market. Competitors: Manson Construction, Weeks Marine.
- Beach Nourishment: Replenishing eroded beaches with sand to protect coastal properties and recreational areas. GLDD holds a significant share in this market. Competitors: Callan Marine, Cottrell Contracting.
Market Dynamics
Industry Overview
The dredging industry is driven by infrastructure development, maintenance needs, and coastal protection efforts. It is highly competitive and regulated.
Positioning
GLDD is the largest dredging company in the US, offering a wide range of services and possessing a large fleet of equipment. Its scale and experience provide a competitive advantage.
Total Addressable Market (TAM)
The US dredging market is estimated to be worth several billion dollars annually. GLDD is well-positioned to capture a significant portion of this TAM due to its market leadership.
Upturn SWOT Analysis
Strengths
- Market Leadership
- Large Fleet of Equipment
- Extensive Experience
- Strong Reputation
- Diversified Service Offerings
Weaknesses
- Project Execution Risks
- Sensitivity to Weather Conditions
- High Capital Expenditure
- Exposure to Commodity Price Fluctuations
- Reliance on Government Contracts
Opportunities
- Increased Infrastructure Spending
- Growing Coastal Protection Needs
- Expansion into New Markets
- Technological Advancements
- Environmental Remediation Projects
Threats
- Intense Competition
- Regulatory Changes
- Economic Downturns
- Rising Fuel Costs
- Environmental Concerns
Competitors and Market Share
Key Competitors
- JEF (Jefferies Financial Group)
- MNSN (Manson Construction Co)
- WKHS (Workhorse Group)
Competitive Landscape
GLDD benefits from its large scale and established relationships. However, competitors may be more agile or specialized in certain niches.
Major Acquisitions
Atlantic Coast Dismantling
- Year: 2023
- Acquisition Price (USD millions): 28.5
- Strategic Rationale: Expand its decommissioning services and broaden revenue opportunities
Growth Trajectory and Initiatives
Historical Growth: Discuss Great Lakes Dredge & Dock's growth trends over the past years.
Future Projections: Provide projections for Great Lakes Dredge & Dock's future growth based on analyst estimates.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Great Lakes Dredge & Dock.
Summary
Great Lakes Dredge & Dock is a market leader with a strong position in the dredging industry. Its large scale and diversified services provide a competitive advantage, but project execution risks and regulatory changes remain key concerns. The company benefits from increased infrastructure spending and coastal protection efforts, driving future growth. Keeping an eye on commodity price fluctuations is important for financial health.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Great Lakes Dredge & Dock
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 2006-12-27 | CEO, President & Director Mr. Lasse J. Petterson | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 381 | Website https://www.gldd.com |
Full time employees 381 | Website https://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; lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects; and foreign capital projects, such as channel deepening and port infrastructure development. In addition, the company operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, and material and other barges equipment. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns comprising utilities, oil and gas, and other energy companies. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.

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