Knights of Columbus Asset Advisors LLC Has $3.86 Million Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Knights of Columbus Asset Advisors LLC raised its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 94.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,882 shares of the construction company’s stock after acquiring an additional 244,417 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.75% of Great Lakes Dredge & Dock worth $3,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Great Lakes Dredge & Dock by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 29,493 shares of the construction company’s stock valued at $387,000 after acquiring an additional 1,344 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Great Lakes Dredge & Dock by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,460 shares of the construction company’s stock worth $224,000 after buying an additional 1,453 shares in the last quarter. UBS Group AG raised its holdings in shares of Great Lakes Dredge & Dock by 92.3% during the 3rd quarter. UBS Group AG now owns 3,691 shares of the construction company’s stock worth $28,000 after buying an additional 1,772 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Great Lakes Dredge & Dock by 0.7% during the 3rd quarter. Invesco Ltd. now owns 245,658 shares of the construction company’s stock worth $1,958,000 after buying an additional 1,776 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Great Lakes Dredge & Dock by 6.4% during the 2nd quarter. Citadel Advisors LLC now owns 30,422 shares of the construction company’s stock worth $399,000 after buying an additional 1,827 shares in the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TheStreet raised Great Lakes Dredge & Dock from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. StockNews.com raised Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a report on Thursday, February 15th.

Great Lakes Dredge & Dock Trading Up 0.9 %

Shares of GLDD stock opened at $7.45 on Friday. The firm has a market capitalization of $497.21 million, a P/E ratio of 35.48, a P/E/G ratio of 1.28 and a beta of 0.96. Great Lakes Dredge & Dock Co. has a twelve month low of $5.26 and a twelve month high of $9.78. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $8.52 and its 200 day simple moving average is $7.79.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.16. The business had revenue of $181.73 million for the quarter, compared to analyst estimates of $190.05 million. Great Lakes Dredge & Dock had a return on equity of 2.56% and a net margin of 2.36%. As a group, sell-side analysts predict that Great Lakes Dredge & Dock Co. will post 0.57 EPS for the current fiscal year.

Great Lakes Dredge & Dock Company Profile

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.