On November 12, 2024, Lawrence Dickerson, Director of Great Lakes Dredge & Dock Corp (GLDD, Financial), executed a sale of 5,323 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 98,084 shares of Great Lakes Dredge & Dock Corp.
Great Lakes Dredge & Dock Corp is engaged in the provision of dredging services. The company is the largest provider of dredging services in the United States and has a significant presence in the global market. Its services are critical in the maintenance of waterways, the creation of new land, and coastal restoration.
Over the past year, Lawrence Dickerson has sold a total of 5,323 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been six insider sells and no insider buys over the last year.
Shares of Great Lakes Dredge & Dock Corp were trading at $12.61 on the day of the transaction. The company has a market cap of approximately $809.96 million. The price-earnings ratio of the company stands at 13.84, which is below the industry median of 15.92 and also lower than the company’s historical median.
The stock is currently assessed as Modestly Overvalued with a price-to-GF Value ratio of 1.23, based on a GF Value of $10.26. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future prospects or stock valuation adjustments. The transaction details and the company's valuation metrics provide a broader context for understanding the potential implications of this insider activity.
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.
