TCW Group Inc. Reduces Stock Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

TCW Group Inc. lowered its stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,070,834 shares of the construction company’s stock after selling 25,000 shares during the period. TCW Group Inc. owned 3.08% of Great Lakes Dredge & Dock worth $23,380,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of Great Lakes Dredge & Dock in the fourth quarter worth $69,000. Passumpsic Savings Bank purchased a new stake in shares of Great Lakes Dredge & Dock in the fourth quarter worth $135,000. Point72 Asset Management L.P. purchased a new stake in shares of Great Lakes Dredge & Dock in the third quarter worth $147,000. Intech Investment Management LLC purchased a new stake in shares of Great Lakes Dredge & Dock in the third quarter worth $157,000. Finally, Quantbot Technologies LP raised its position in shares of Great Lakes Dredge & Dock by 204.5% in the third quarter. Quantbot Technologies LP now owns 14,973 shares of the construction company’s stock worth $158,000 after buying an additional 10,055 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Trading Down 3.1 %

Shares of GLDD stock opened at $8.42 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock Co. has a 52-week low of $6.55 and a 52-week high of $12.89. The company has a market capitalization of $566.43 million, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. The business’s fifty day moving average is $11.26 and its 200 day moving average is $11.10.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. The company had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. On average, equities research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current fiscal year.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.