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GLDD 
Great Lakes Dredge & Dock (GLDD)
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Upturn Advisory Summary
12/03/2025: GLDD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $16
1 Year Target Price $16
| 2 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 44.91% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 887.39M USD | Price to earnings Ratio 10.97 | 1Y Target Price 16 |
Price to earnings Ratio 10.97 | 1Y Target Price 16 | ||
Volume (30-day avg) 3 | Beta 1.45 | 52 Weeks Range 7.51 - 13.10 | Updated Date 12/3/2025 |
52 Weeks Range 7.51 - 13.10 | Updated Date 12/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.19 |
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 2025-11-05 | When Before Market | Estimate 0.17 | Actual 0.26 |
Profitability
Profit Margin 9.65% | Operating Margin (TTM) 14.42% |
Management Effectiveness
Return on Assets (TTM) 6.34% | Return on Equity (TTM) 17.37% |
Valuation
Trailing PE 10.97 | Forward PE 12.92 | Enterprise Value 1349062055 | Price to Sales(TTM) 1.06 |
Enterprise Value 1349062055 | Price to Sales(TTM) 1.06 | ||
Enterprise Value to Revenue 1.62 | Enterprise Value to EBITDA 8.05 | Shares Outstanding 67999305 | Shares Floating 61437680 |
Shares Outstanding 67999305 | Shares Floating 61437680 | ||
Percent Insiders 2.39 | Percent Institutions 83.44 |
Upturn AI SWOT
Great Lakes Dredge & Dock
Company Overview
History and Background
Great Lakes Dredge & Dock (GLDD) was founded in 1890. It has grown to become the largest dredging company in the United States, playing a key role in maintaining and expanding waterways and coastlines.
Core Business Areas
- Dredging: Capital and maintenance dredging, including deepening harbors, restoring beaches, and creating new land.
- Coastal Protection: Construction of coastal protection projects, such as seawalls, breakwaters, and beach nourishment.
- Land Reclamation: Creating new land for development or environmental restoration.
- Heavy Civil Rock: Install underwater rock for coastal protection and underwater pipelines.
Leadership and Structure
Lasse Petterson is the CEO. The company is structured with departments for project management, operations, finance, and business development.
Top Products and Market Share
Key Offerings
- Maintenance Dredging: Removing accumulated sediment from navigation channels to maintain their depth. Market share data is difficult to pinpoint exactly, but GLDD is a leader in the US market. Competitors include Manson Construction and Weeks Marine.
- Capital Dredging: Deepening or widening existing channels, or creating new ones. Competitors include Manson Construction and Weeks Marine.
- Beach Nourishment: Replenishing eroded beaches with sand. Competitors include Cottrell Contracting.
Market Dynamics
Industry Overview
The dredging industry is driven by infrastructure maintenance, port expansion, coastal protection, and environmental restoration. It is a competitive market with a few large players and numerous smaller companies.
Positioning
GLDD is the largest dredging company in the US. Its competitive advantages include its large fleet of specialized equipment, its experienced workforce, and its strong relationships with government agencies.
Total Addressable Market (TAM)
The TAM for dredging in the US is estimated to be several billion dollars annually, with a growing need for coastal resilience projects. GLDD holds a significant position to address TAM due to its scale and reputation.
Upturn SWOT Analysis
Strengths
- Largest dredging company in the US
- Experienced management team
- Large fleet of specialized equipment
- Strong relationships with government agencies
- Vertically Integrated Company with Design Build Capabilities
Weaknesses
- Reliance on government contracts
- Vulnerability to economic downturns
- Exposure to environmental regulations
- Project Delays
Opportunities
- Increased infrastructure spending
- Growing demand for coastal protection
- Expansion into new geographic markets
- Development of new technologies
Threats
- Competition from other dredging companies
- Changes in government regulations
- Rising fuel costs
- Adverse weather conditions
Competitors and Market Share
Key Competitors
- JEF (Jefferies Financial Group)
- WTS (Watts Water Technologies)
- Marine Dredging Competitors Not Public
Competitive Landscape
GLDD's advantage lies in its scale and experience. However, it faces competition from other large dredging companies and smaller regional players.
Major Acquisitions
Ambrose Construction
- Year: 2017
- Acquisition Price (USD millions): 21.2
- Strategic Rationale: Expand capabilities in the rock placement market.
Growth Trajectory and Initiatives
Historical Growth: GLDD's growth has been steady, driven by government spending on infrastructure and coastal protection.
Future Projections: Future growth is expected to be driven by increased infrastructure spending and growing demand for coastal resilience.
Recent Initiatives: Recent strategic initiatives include fleet modernization and expansion into new markets.
Summary
Great Lakes Dredge & Dock is a strong company with a leading position in the US dredging market. Its strengths include its large fleet, experienced workforce, and strong government relationships. The company faces challenges related to government contracts, economic downturns, and environmental regulations, but its future growth is expected to be driven by increased infrastructure spending and growing demand for coastal resilience.
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Sources and Disclaimers
Data Sources:
- Company Filings, Yahoo Finance, SEC.gov
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is estimates and may vary.
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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