Great Lakes Dredge & Dock Corporation (GLDD)

Great Lakes Dredge & Dock Corp. has received a consensus rating of "Moderate Buy" from analysts, with an average price target suggesting a potential upside. In early February 2026, GLDD's stock was up about 38% in the past year and was considered moderately priced at approximately 13 times earnings. Analysts have issued a "Buy" consensus rating as of February 3, 2026 and a $20.00 consensus target price. Insider trading activity in late 2025 and early 2026 showed some selling by senior management and independent directors, alongside some buying by a director. The company's financial health was reported to be in the "Green zone" by TradeSmith for over nine months as of February 2026. Great Lakes Dredge & Dock is expected to announce its Q4 2025 earnings around February 17, 2026.

Demand for Great Lakes Dredge & Dock's services, particularly maintenance dredging, is a recurring need that is typically non-deferrable, as active channels generally require re-dredging every one to three years. While specific detailed seasonal trends for GLDD's products and services were not fully accessible in the search results, the nature of maintenance dredging suggests a consistent, ongoing demand. The company also targets international opportunities to diversify, especially during periods of decreased domestic demand.

Great Lakes Dredge & Dock Corp. (GLDD) is an American provider of dredging and maritime construction services, operating within the Industrials sector, specifically in the Engineering & Construction industry. The company specializes in the excavation and removal of sediment from waterways, harbors, ports, and coastal areas to maintain navigability and support commercial shipping. Its major products and services include capital dredging for port expansion, coastal restoration, land reclamation, trench digging for pipelines, tunnels, and cables, and other marine construction related to breakwaters, jetties, and canals. GLDD also provides maintenance dredging, environmental remediation, wetland mitigation, and sediment management, and has expanded into the U.S. offshore wind market. GLDD operates a diverse fleet of approximately 200 specialized vessels.

GLDD primarily operates in the United States, serving federal, state, and local governments, as well as private-sector clients. The company also maintains a significant international presence, conducting approximately one-quarter of its business overseas. Its foreign capital projects often involve channel deepening and port infrastructure development. Over the last decade, GLDD has performed dredging works in Europe, the Middle East, Africa, India, Mexico, and South America, with a recent focus on the Middle East. The company has marine yards in five U.S. locations.

Great Lakes Dredge & Dock has cultivated a strong brand reputation, known for high-quality project performance and client satisfaction. The company emphasizes a high-intensity safety program, promoting an "Incident and Injury-Free®" (IIF®) culture across its operations. GLDD is recognized as the largest provider of dredging services in the United States and the only U.S. company with substantial overseas operations and a long history of performing significant international projects. The company has also committed to ethical business activities and full compliance with anti-bribery and anti-corruption laws. No specific events negatively impacting Great Lakes Dredge & Dock Corp.'s reputation in the past year were found in the search results.

Institutional investors are the dominant shareholders of Great Lakes Dredge & Dock Corp., holding approximately 82% of the company's stock as of October 3, 2024, and 95.58% as of February 3, 2026. The top 10 institutional shareholders collectively own 51% of the shares. Major institutional owners include BlackRock, Inc., Dimensional Fund Advisors LP, The Vanguard Group Inc., Jennison Associates LLC, Harvey Partners, LLC, and American Century Companies Inc.