Great Lakes Dredge & Dock Corp (GLDD) Stock AnalysisGLDDGreat Lakes Dredge & Dock Corp

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. It operates in the Industrials sector (HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRAC industry).

Great Lakes Dredge & Dock Corp (GLDD) is not a good buy at this moment for a beginner investor with a long-term strategy. The stock is trading at its acquisition price of $17 per share, which limits upside potential. Analysts have downgraded the stock due to the certainty of the acquisition deal, and there are no significant positive catalysts to suggest further growth opportunities.

2 analysts cover GLDD: 1 rate it Buy, 1 Hold and 0 Sell. The average price target is 14.00.