Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) closed Wednesday at $6.27 per share, up from $6.13 a day earlier. While Great Lakes Dredge & Dock Corporation has overperformed by 2.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GLDD fell by -59.02%, with highs and lows ranging from $15.40 to $5.41, whereas the simple moving average fell by -40.27% in the last 200 days.
On August 08, 2016, Imperial Capital Downgraded Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) to In-line. A report published by DA Davidson on August 05, 2016, Reiterated its previous ‘Neutral’ rating for GLDD. Imperial Capital also reiterated GLDD shares as ‘Outperform’, quoting a target price of $5.50 on the company’s shares in a report dated February 24, 2016. Imperial Capital Reiterated the rating as Outperform on November 04, 2015, but set its price target from $8.50 to $6.50. Imperial Capital resumed its ‘Outperform’ rating for GLDD, as published in its report on August 09, 2013. Imperial Capital also rated the stock as ‘Outperform’.
Analysis of Great Lakes Dredge & Dock Corporation (GLDD)
Further, the quarter-over-quarter decrease in sales is -6.10%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Great Lakes Dredge & Dock Corporation’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 5.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and GLDD is recording an average volume of 473.89K. On a monthly basis, the volatility of the stock is set at 5.30%, whereas on a weekly basis, it is put at 3.96%, with a gain of 8.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.33, showing growth from the present price of $6.27, which can serve as yet another indication of whether GLDD is worth investing in or should be passed over.
How Do You Analyze Great Lakes Dredge & Dock Corporation Shares?
Great Lakes Dredge & Dock Corporation (GLDD) is based in the USA and is one of the most prominent companies operating in the Engineering & Construction market. When comparing Great Lakes Dredge & Dock Corporation shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.17, there is a growth in quarterly earnings of -172.00%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in GLDD shares?
The recent increase in stakes in GLDD appears to be a result of several institutional investors and hedge funds increasing their positions. Franklin Mutual Advisers LLC’s position in GLDD has decreased by -4.52% in the first quarter. The company now owns 5,521,660 shares of the stock, with a value of $40.42 million, following the sale of -261,562 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in GLDD during the first quarter, upping its stake by 4.32%. During the last quarter, the company dropped down 210,632 additional shares for a total stake of worth $37.23 million, bringing number of shares owned by the company to 5,085,439.
During the first quarter, Jennison Associates LLC subtracted a -206,910 position in GLDD. Dimensional Fund Advisors LP purchased an additional 67814.0 shares in the last quarter, increasing its holdings by 1.59%, now holding 4.35 million shares worth $31.81 million. At the end of the first quarter, The Vanguard Group, Inc. increased its GLDD holdings by 1.37% and now holds 3.16 million GLDD shares valued at $23.12 million with the added 42615.0 shares during the period. GLDD shares are owned by institutional investors to the tune of 96.00% at present.