Natixis Advisors LLC Has $302,000 Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Natixis Advisors LLC reduced its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,675 shares of the construction company’s stock after selling 4,821 shares during the period. Natixis Advisors LLC’s holdings in Great Lakes Dredge & Dock were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GLDD. Sequoia Financial Advisors LLC bought a new stake in shares of Great Lakes Dredge & Dock during the 3rd quarter worth $1,079,000. GSA Capital Partners LLP lifted its stake in Great Lakes Dredge & Dock by 138.5% in the 3rd quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company’s stock valued at $1,626,000 after purchasing an additional 89,684 shares during the last quarter. Marshall Wace LLP bought a new position in Great Lakes Dredge & Dock in the 2nd quarter valued at approximately $1,823,000. Hsbc Holdings PLC bought a new stake in Great Lakes Dredge & Dock during the 2nd quarter worth $227,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Great Lakes Dredge & Dock in the second quarter valued at approximately $2,057,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GLDD shares. Noble Financial raised their price objective on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. StockNews.com lowered Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Great Lakes Dredge & Dock Price Performance

GLDD opened at $12.52 on Friday. The firm has a market cap of $842.22 million, a P/E ratio of 14.39, a PEG ratio of 0.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a 50-day moving average of $11.74 and a 200 day moving average of $10.04. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.83.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. The firm had revenue of $191.17 million during the quarter, compared to analysts’ expectations of $180.80 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Insider Transactions at Great Lakes Dredge & Dock

In other news, Director Kathleen M. Shanahan sold 23,238 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the sale, the director now owns 67,675 shares in the company, valued at $854,735.25. This represents a 25.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

About Great Lakes Dredge & Dock

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.