Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
GLDD logo GLDD
Upturn stock ratingUpturn stock rating
GLDD logo

Great Lakes Dredge & Dock (GLDD)

Upturn stock ratingUpturn stock rating
$12.23
Last Close (24-hour delay)
Profit since last BUY28.2%
upturn advisory
Strong Buy
BUY since 38 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/27/2025: GLDD (3-star) is a STRONG-BUY. BUY since 38 days. Profits (28.20%). Updated daily EoD!

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

3 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $15

Year Target Price $15

Analyst’s Price TargetsFor last 52 week
$15Target price
Low$7.51
Current$12.23
high$12.89

Analysis of Past Performance

Type Stock
Historic Profit 64.13%
Avg. Invested days 43
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 830.74M USD
Price to earnings Ratio 11.99
1Y Target Price 15
Price to earnings Ratio 11.99
1Y Target Price 15
Volume (30-day avg) -
Beta 1.3
52 Weeks Range 7.51 - 12.89
Updated Date 06/29/2025
52 Weeks Range 7.51 - 12.89
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.02

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 8.63%
Operating Margin (TTM) 20.57%

Management Effectiveness

Return on Assets (TTM) 5.82%
Return on Equity (TTM) 15.67%

Valuation

Trailing PE 11.99
Forward PE 12.99
Enterprise Value 1318021124
Price to Sales(TTM) 1.03
Enterprise Value 1318021124
Price to Sales(TTM) 1.03
Enterprise Value to Revenue 1.63
Enterprise Value to EBITDA 8.61
Shares Outstanding 67926400
Shares Floating 62592123
Shares Outstanding 67926400
Shares Floating 62592123
Percent Insiders 2.42
Percent Institutions 84.36

Analyst Ratings

Rating 4.67
Target Price 15
Buy 1
Strong Buy 2
Buy 1
Strong Buy 2
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Great Lakes Dredge & Dock

stock logo

Company Overview

overview logo History and Background

Founded in 1890, Great Lakes Dredge & Dock (GLDD) is the largest provider of dredging services in the United States. It has played a crucial role in infrastructure development, coastal protection, and navigation projects throughout its history. Over time, it has expanded its capabilities and geographic reach.

business area logo Core Business Areas

  • Dredging: Maintenance dredging (removing sediment from existing channels), capital dredging (creating new or deeper channels), and beach nourishment (restoring eroded coastlines).
  • Coastal Protection: Construction of breakwaters, jetties, and other coastal structures to protect shorelines from erosion and storm damage.
  • Land Reclamation: Creating new land areas for development through dredging and fill operations.
  • Heavy Civil: Construction of foundations, piers, and other marine-related structures.

leadership logo Leadership and Structure

The company is led by its CEO and a senior management team. The organizational structure is hierarchical, with various departments responsible for different aspects of the business, such as operations, finance, and business development.

Top Products and Market Share

overview logo Key Offerings

  • Maintenance Dredging: Removing accumulated sediment from waterways to maintain navigable depths. This is a recurring revenue stream. GLDD holds a significant market share in this segment. Competitors include Manson Construction and Weeks Marine. Market share in the maintenance dredging segment is approximately 30%.
  • Capital Dredging: Creating new or deepening existing waterways for navigation and infrastructure projects. Often related to port expansion. Competitors include Manson Construction and Weeks Marine. Market share is approximately 25%.
  • Coastal Protection: Construction and repair of coastal defenses like breakwaters and beach nourishment projects. Critical for protecting coastal communities and infrastructure. Competitors include Manson Construction and Weeks Marine. Market share is approximately 20%.

Market Dynamics

industry overview logo Industry Overview

The dredging industry is driven by infrastructure development, coastal protection needs, and the maintenance of navigable waterways. It is influenced by government spending, environmental regulations, and weather patterns.

Positioning

GLDD is the market leader in the US dredging industry, possessing a large fleet of specialized equipment, extensive experience, and a strong reputation. Its competitive advantages include its scale, expertise, and long-standing relationships with government agencies.

Total Addressable Market (TAM)

The US dredging market is estimated to be worth several billion dollars annually. GLDD's position is that, while its market share is large, there is still significant room for organic growth. Government spending on infrastructure and coastal resilience is expected to drive future growth.

Upturn SWOT Analysis

Strengths

  • Market leadership in the US dredging industry
  • Large and diverse fleet of specialized equipment
  • Extensive experience and expertise
  • Strong relationships with government agencies
  • Strong safety record

Weaknesses

  • Dependence on government funding and regulations
  • Exposure to weather-related risks and project delays
  • Capital-intensive business with high operating costs
  • Susceptibility to economic cycles

Opportunities

  • Increased government spending on infrastructure and coastal protection
  • Growing demand for beach nourishment and coastal restoration projects
  • Expansion into new geographic markets
  • Adoption of new technologies and equipment

Threats

  • Increased competition from smaller dredging companies
  • Changes in government regulations and environmental policies
  • Economic downturns and reduced infrastructure spending
  • Rising fuel costs and other operating expenses

Competitors and Market Share

competitor logo Key Competitors

  • Manson Construction
  • Weeks Marine
  • Orion Marine Group (ORN)

Competitive Landscape

GLDD has the advantages of scale, experience, and a strong reputation. Its competitors may have advantages in specific geographic markets or service areas.

Major Acquisitions

Environmental Services Inc.

  • Year: 2012
  • Acquisition Price (USD millions): 35
  • Strategic Rationale: Expanded the company's environmental remediation capabilities.

Growth Trajectory and Initiatives

Historical Growth: GLDD's historical growth has been driven by government spending on infrastructure and coastal protection projects. It has experienced fluctuations in revenue and profitability due to economic cycles and weather-related events.

Future Projections: Future growth projections are based on expectations of increased government spending on infrastructure and coastal resilience, as well as the company's ability to expand into new markets and adopt new technologies. Analyst estimates are currently unavailable.

Recent Initiatives: Recent initiatives include investments in new equipment, expansion of its service offerings, and pursuit of strategic acquisitions.

Summary

Great Lakes Dredge & Dock is the leading dredging company in the US, benefiting from a strong market position and government spending. However, the company is susceptible to weather-related risks and economic cycles. Continued investment in new equipment and strategic acquisitions are crucial for maintaining its competitive advantage. They should be vigilant towards rising operating expenses and environmental policy shifts.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Industry Reports
  • Analyst Estimates
  • GLDD Investor Relations

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and based on available data.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 381

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.