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Great Lakes Dredge & Dock (GLDD)

Upturn stock ratingUpturn stock rating
Great Lakes Dredge & Dock
$12.49
Delayed price
Profit since last BUY25.53%
Strong Buy
upturn advisory
BUY since 71 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/06/2024: GLDD (3-star) is a STRONG-BUY. BUY since 71 days. Profits (25.53%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 22.6%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 35
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 3
Last Close 12/06/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 22.6%
Avg. Invested days: 35
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/06/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 856.37M USD
Price to earnings Ratio 13.61
1Y Target Price 14.67
Dividends yield (FY) -
Basic EPS (TTM) 0.88
Volume (30-day avg) 443864
Beta 1.14
52 Weeks Range 6.55 - 12.89
Updated Date 12/12/2024
Company Size Small-Cap Stock
Market Capitalization 856.37M USD
Price to earnings Ratio 13.61
1Y Target Price 14.67
Dividends yield (FY) -
Basic EPS (TTM) 0.88
Volume (30-day avg) 443864
Beta 1.14
52 Weeks Range 6.55 - 12.89
Updated Date 12/12/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 7.97%
Operating Margin (TTM) 8.73%

Management Effectiveness

Return on Assets (TTM) 4.81%
Return on Equity (TTM) 14.94%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 13.61
Forward PE 15.34
Enterprise Value 1326501412
Price to Sales(TTM) 1.15
Enterprise Value to Revenue 1.79
Enterprise Value to EBITDA 9.72
Shares Outstanding 67272096
Shares Floating 65977752
Percent Insiders 2.02
Percent Institutions 82.87
Trailing PE 13.61
Forward PE 15.34
Enterprise Value 1326501412
Price to Sales(TTM) 1.15
Enterprise Value to Revenue 1.79
Enterprise Value to EBITDA 9.72
Shares Outstanding 67272096
Shares Floating 65977752
Percent Insiders 2.02
Percent Institutions 82.87

Analyst Ratings

Rating 4.5
Target Price 12.33
Buy 1
Strong Buy 1
Hold -
Sell -
Strong Sell -
Rating 4.5
Target Price 12.33
Buy 1
Strong Buy 1
Hold -
Sell -
Strong Sell -

AI Summarization

Great Lakes Dredge & Dock: A Comprehensive Overview

This report provides a comprehensive overview of Great Lakes Dredge & Dock Corporation (“GLDD”), focusing on its business, financials, growth prospects, market dynamics, and competitors.

Company Profile

Detailed History and Background:

Founded in 1929, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading dredging company in the United States. Headquartered in Oak Brook, Illinois, the company provides dredging services for various projects, including port and harbor construction, environmental remediation, and beach nourishment. GLDD also offers marine construction services such as installing pipelines, offshore wind farms, and other marine infrastructure.

Core Business Areas:

  • Dredging: GLDD's primary business involves dredging, removing sediment from waterways and harbors to deepen them for navigation or environmental purposes.
  • Marine Construction: The company also offers marine construction services, including installing pipelines, cables, and offshore wind farms.
  • Environmental Services: GLDD provides environmental remediation services, including dredging contaminated sediments and restoring wetlands.

Leadership Team and Corporate Structure:

  • President & CEO: Lasse Petterson
  • Chief Financial Officer: Jeffrey E. Davis
  • Executive Vice President, Marine Operations: William P. Hillman
  • Executive Vice President, Environmental Services: David F. Simon

GLDD operates as a single business segment and has a decentralized management structure with offices and projects located in various locations across the United States and the Caribbean.

Top Products and Market Share

Top Products and Offerings:

  • Dredging services for various applications, including port and harbor construction, environmental remediation, and beach nourishment.
  • Marine construction services for projects such as installing pipelines, cables, and offshore wind farms.
  • Environmental remediation services for dredging contaminated sediments and restoring wetlands.

Market Share:

GLDD is the largest dredging company in the United States, with a market share of approximately 40%. The company also competes in the global dredging market, where it holds a market share of around 5%.

Product Comparison:

GLDD's dredging and marine construction services are considered to be of high quality and are often preferred by clients for their reliability and expertise. The company's environmental remediation services are also well-regarded in the industry.

Total Addressable Market

The global dredging market is estimated to be worth over $15 billion, with the US market accounting for a significant portion of this figure. The market is expected to grow steadily in the coming years, driven by the need for port and harbor expansion, infrastructure development, and environmental remediation.

Financial Performance

Recent Financial Analysis:

In the most recent fiscal year, GLDD reported revenue of $527 million, net income of $30 million, and an EPS of $0.92. The company's profit margins have been improving in recent years, and its financial health is considered to be sound.

Year-over-Year Comparison:

GLDD's revenue and earnings have grown steadily over the past few years. The company's backlog of projects is also strong, indicating future growth potential.

Cash Flow and Balance Sheet:

GLDD has a healthy cash flow position and a strong balance sheet with manageable debt levels.

Dividends and Shareholder Returns

Dividend History:

GLDD has a history of paying dividends to shareholders, although the dividend yield has fluctuated in recent years.

Shareholder Returns:

Over the past 5 years, GLDD's total shareholder return has been approximately 20%.

Growth Trajectory

Historical Growth:

GLDD has experienced steady growth over the past 5-10 years, driven by increasing demand for its dredging and marine construction services.

Future Growth Projections:

The company's future growth is expected to be driven by continued investment in port and harbor infrastructure, as well as the development of the offshore wind energy industry.

Recent Initiatives:

GLDD has recently expanded its operations into new markets, such as the Caribbean, and has invested in new technologies to improve its efficiency and competitiveness.

Market Dynamics

Industry Trends:

The dredging industry is expected to benefit from the growing demand for port and harbor expansion, infrastructure development, and environmental remediation. The offshore wind energy industry is also a significant growth driver for the marine construction segment.

GLDD's Positioning:

GLDD is well-positioned to capitalize on these trends with its strong market share, proven track record, and commitment to innovation.

Competitors

Key Competitors:

  • Dredging International (DEM) (NYSE: DEM)
  • Jan De Nul Group (private)
  • Van Oord (private)

Market Share Comparison:

GLDD holds the largest market share in the US dredging market, followed by DEM and Jan De Nul Group. Van Oord is a major player in the global dredging market.

Competitive Advantages:

GLDD's competitive advantages include its strong market share, experienced workforce, and commitment to safety and sustainability.

Competitive Disadvantages:

The company faces competition from larger international dredging companies, and its stock price is relatively volatile.

Potential Challenges and Opportunities

Key Challenges:

GLDD faces challenges such as supply chain disruptions, rising fuel costs, and competition from international players.

Potential Opportunities:

The company has opportunities for growth in the offshore wind energy industry, new markets, and through strategic acquisitions.

Recent Acquisitions (Last 3 Years)

GLDD has not made any major acquisitions in the past three years.

AI-Based Fundamental Rating

AI Rating: 7/10

Justification:

GLDD has a strong financial position, a leading market share in the US dredging market, and good growth prospects. However, the company faces competition from larger international players, and its stock price is relatively volatile.

Sources and Disclaimers

Disclaimer: This report is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.

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 Website https://www.gldd.com
Industry Engineering & Construction Full time employees 367
Headquaters Houston, TX, United States
CEO, President & Director Mr. Lasse J. Petterson
Website https://www.gldd.com
Website https://www.gldd.com
Full time employees 367

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in 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 that comprises of 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 land reclamations, channel deepening, and port infrastructure development. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil and gas, and other energy companies. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, and material and other barges equipment. 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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