On November 14, 2024, Director Lawrence Dickerson sold 15,936 shares of Great Lakes Dredge & Dock Corp (GLDD, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns 82,148 shares of the company.
Great Lakes Dredge & Dock Corp is engaged in the provision of dredging services in the United States. The company operates in the dredging industry, focusing on deepening and maintaining waterways, shipping channels, and ports; it also provides coastal protection and restoration services.
Over the past year, Lawrence Dickerson has sold a total of 21,259 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the past year, where there have been zero insider buys and seven insider sells within the company.
Shares of Great Lakes Dredge & Dock Corp were trading at $12.04 on the day of the transaction, giving the company a market cap of approximately $802.89 million. The price-earnings ratio stands at 13.72, which is below both the industry median of 15.685 and the company's historical median.
The stock's valuation, according to GF Value, is set at $10.27, indicating that with a current price of $12.04, Great Lakes Dredge & Dock Corp is modestly overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sell event and the current valuation metrics provide investors with updated data points to consider in their analysis of Great Lakes Dredge & Dock Corp's stock and its market position.
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.
