On November 11, 2024, Director Kathleen Shanahan sold 23,238 shares of Great Lakes Dredge & Dock Corp (GLDD, Financial) at a price of $12.63 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 67,675 shares of the company.
Great Lakes Dredge & Dock Corp is the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services. The company operates on both domestic and international levels, offering a range of services aimed at the maintenance and deepening of waterways, ports, and harbors, which facilitates global trade and supports national security.
Over the past year, Kathleen Shanahan has sold a total of 23,238 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been four insider sells and no insider buys over the past year.
As of the date of the sale, shares of Great Lakes Dredge & Dock Corp were trading at $12.63, giving the company a market cap of approximately $842.923 million. The price-earnings ratio of the stock stands at 14.40, which is below both the industry median of 15.87 and the company’s historical median.
The stock's valuation, according to the GF Value, is set at $10.26, indicating that with a current price of $12.63, Great Lakes Dredge & Dock Corp is modestly overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current stock valuation in relation to its GF Value. The transaction details and the company's valuation metrics provide a snapshot of Great Lakes Dredge & Dock Corp's financial landscape and insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
