Great Lakes Dredge & Dock (GLDD) Advances But Underperforms Market: Key Facts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Should l Buy GLDD?
Source: NASDAQ.COM
Stock Performance: Great Lakes Dredge & Dock (GLDD) closed at $9.44, up 0.53%, while analysts anticipate a significant earnings report with an expected EPS of $0.18, reflecting a 300% increase from the previous year.
Valuation Insights: GLDD is trading at a Forward P/E ratio of 11.74, lower than the industry average of 18.3, and has a PEG ratio of 0.34, indicating potential growth opportunities within the Building Products - Heavy Construction sector.
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Analyst Views on GLDD
Wall Street analysts forecast GLDD stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 16.950
Low
14.00
Averages
14.00
High
14.00
Current: 16.950
Low
14.00
Averages
14.00
High
14.00
About GLDD
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company is also engaged in developing offshore wind energy. It operates three types of dredging equipment: hopper dredges, hydraulic dredges, and mechanical dredges. Its dredging generally involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Domestically, its work is generally performed in coastal waterways and deep-water ports. The United States dredging market consists of four primary types of work: capital, coastal protection, maintenance, and rivers and lakes. The Company's capital dredging consists primarily of port expansion projects. Its domestic dredging fleet is positioned on the East and Gulf Coasts, with a smaller number of vessels positioned on the West Coast, and with the rivers and lakes dredges on inland rivers and lakes. It comprises approximately 200 specialized vessels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Rights Protection: The firm is also examining the sale of Great Lakes Dredge & Dock Corporation to Saltchuk Resources, Inc. for $17 per share, which may harm shareholder interests, encouraging shareholders to understand their rights.
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- Cash Transaction: Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is being sold to Saltchuk Resources, Inc. for $17.00 per share in cash, which may limit superior competing offers and harm shareholder interests.
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- Masimo Merger Investigation: Masimo Corporation is set to be acquired by Danaher for $180.00 per share, totaling $9.9 billion, with investigations focusing on whether the board breached fiduciary duties by failing to ensure a fair process, potentially impacting shareholder rights.
- IHS Towers Acquisition Concerns: IHS Towers will be acquired by MTN Group for $8.50 per share, valuing the company at approximately $6.2 billion, with investigations into whether the board violated fiduciary duties by not ensuring a fair transaction for shareholders.
- VerifyMe Merger Review: VerifyMe will be acquired by Open World, allowing shareholders to retain a 10% stake post-merger, with investigations examining whether the board failed to conduct a fair process, which could affect shareholder interests.
- Great Lakes Acquisition Investigation: Great Lakes will be acquired by Saltchuk Resources for $17.00 per share, with a total transaction value of about $1.5 billion, and investigations looking into whether the board breached fiduciary duties by not ensuring a fair process, potentially impacting shareholder rights.
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Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
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- Cash Transaction: Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is being sold to Saltchuk Resources, Inc. for $17.00 per share in cash, which may limit superior competing offers and harm shareholder interests.
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- Shareholder Return Analysis: Under the proposal, shareholders of Great Lakes will receive $17.00 per share in cash, and KSF is evaluating whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF encourages shareholders who believe the transaction undervalues the company to contact them for legal advice, ensuring shareholders are informed of their rights and can participate in discussions.
- Urgency Reminder: The transaction is structured as a tender offer, making timing critical, and KSF urges shareholders to act promptly to protect their interests.
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- Legal Investigation: Halper Sadeh LLC is investigating Masimo Corporation for potential violations of federal securities laws related to its sale to Danaher Corporation for $180 per share in cash, which may affect shareholder rights and options.
- Shareholder Rights Protection: The firm is also examining the sale of Great Lakes Dredge & Dock Corporation to Saltchuk Resources, Inc. for $17 per share, which may harm shareholder interests, encouraging shareholders to understand their rights.
- Merger Transaction Review: The merger of VerifyMe, Inc. with Open World Ltd. is also under scrutiny, with Halper Sadeh LLC potentially seeking increased compensation and additional disclosures to protect investors' legal rights.
- Legal Fee Arrangement: The firm commits to handling cases on a contingent fee basis, meaning shareholders will not incur legal fees, aiming to provide risk-free legal support for affected investors.
See More
Investigation Alerts for Multiple Company Mergers
- Masimo Merger Investigation: Masimo Corporation is set to be acquired by Danaher Corporation for $180 per share, totaling $9.9 billion, with investigations focusing on whether the Masimo Board breached fiduciary duties by failing to ensure a fair process in the deal.
- IHS Towers Acquisition Review: IHS Towers will be acquired by MTN Group for $8.50 per share in an all-cash transaction valued at approximately $6.2 billion, with investigations examining whether the IHS Board failed to conduct a fair process, potentially impacting shareholder value.
- VerifyMe Merger Scrutiny: VerifyMe will be acquired by Open World, allowing shareholders to retain a 10% stake post-merger, with investigations looking into whether the VerifyMe Board ensured a fair process, which could affect shareholder interests.
- Great Lakes Acquisition Investigation: Great Lakes Dredge & Dock Corporation is being acquired by Saltchuk Resources for $17 per share, with a total transaction value of about $1.5 billion, and investigations are assessing whether the Board breached fiduciary duties by failing to ensure a fair process for shareholders.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Focus: Halper Sadeh LLC is investigating Tri Pointe Homes, Inc. (NYSE:TPH) for its sale to Sumitomo Forestry Co., Ltd. at $47.00 per share, potentially violating fiduciary duties to shareholders and impacting their rights.
- Cash Transaction: Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is being sold to Saltchuk Resources, Inc. for $17.00 per share in cash, which may limit superior competing offers and harm shareholder interests.
- Merger Impact: Air Industries Group (NYSE American: AIRI) is merging with Tenax Aerospace Acquisition, LLC, with Air Industries shareholders expected to own only about 5% of the combined company, potentially diluting shareholder equity.
- Legal Support: Halper Sadeh LLC represents global investors seeking increased consideration, additional disclosures, or other relief to protect shareholder rights and pursue potential financial compensation.
See More
Investigation Alerts for Multiple Company Mergers
- Masimo Merger Investigation: Masimo Corporation is set to be acquired by Danaher for $180.00 per share, totaling $9.9 billion, with investigations focusing on whether the board breached fiduciary duties by failing to ensure a fair process, potentially impacting shareholder rights.
- IHS Towers Acquisition Concerns: IHS Towers will be acquired by MTN Group for $8.50 per share, valuing the company at approximately $6.2 billion, with investigations into whether the board violated fiduciary duties by not ensuring a fair transaction for shareholders.
- VerifyMe Merger Review: VerifyMe will be acquired by Open World, allowing shareholders to retain a 10% stake post-merger, with investigations examining whether the board failed to conduct a fair process, which could affect shareholder interests.
- Great Lakes Acquisition Investigation: Great Lakes will be acquired by Saltchuk Resources for $17.00 per share, with a total transaction value of about $1.5 billion, and investigations looking into whether the board breached fiduciary duties by not ensuring a fair process, potentially impacting shareholder rights.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Focus: Halper Sadeh LLC is investigating Tri Pointe Homes, Inc. (NYSE:TPH) for its sale to Sumitomo Forestry Co., Ltd. at $47.00 per share, potentially violating fiduciary duties to shareholders and impacting their rights.
- Cash Transaction: Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is being sold to Saltchuk Resources, Inc. for $17.00 per share in cash, which may limit superior competing offers and harm shareholder interests.
- Merger Scrutiny: The merger of Northfield Bancorp, Inc. (NASDAQ:NFBK) with Columbia Financial, Inc. is also under investigation, with Halper Sadeh LLC potentially seeking increased compensation and additional disclosures for shareholders.
- Legal Support: Halper Sadeh LLC offers no-cost legal consultations aimed at assisting investors affected by securities fraud and corporate misconduct, highlighting its successful track record in recovering investor rights.
See More
Investigation into Great Lakes Acquisition Proposal
- Acquisition Proposal Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed acquisition of Great Lakes Dredge & Dock by Saltchuk Resources to assess the fairness of the transaction.
- Shareholder Return Analysis: Under the proposal, shareholders of Great Lakes will receive $17.00 per share in cash, and KSF is evaluating whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF encourages shareholders who believe the transaction undervalues the company to contact them for legal advice, ensuring shareholders are informed of their rights and can participate in discussions.
- Urgency Reminder: The transaction is structured as a tender offer, making timing critical, and KSF urges shareholders to act promptly to protect their interests.
See More
