Great Lakes Dredge Stock Buy Hold or Sell Recommendation
| GLDD Stock | USD 9.33 0.01 0.11% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Great Lakes Dredge is 'Cautious Hold'. Macroaxis provides Great Lakes buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GLDD positions. The advice algorithm takes into account all of Great Lakes' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Great Lakes' buy or sell advice are summarized below:
Real Value 8.8 | Target Price 12.33 | Hype Value 9.48 | Market Value 9.33 | Naive Value 10.43 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Great Lakes Dredge given historical horizon and risk tolerance towards Great Lakes. When Macroaxis issues a 'buy' or 'sell' recommendation for Great Lakes Dredge, the advice is generated through an automated system that utilizes algorithms and statistical models.
Great |
Execute Great Lakes Buy or Sell Advice
The Great recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Great Lakes Dredge. Macroaxis does not own or have any residual interests in Great Lakes Dredge or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Great Lakes' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Great Lakes Trading Alerts and Improvement Suggestions
| Great Lakes Dredge had very high historical volatility over the last 90 days | |
| Over 81.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Great Lakes Dredge Dock Is a Great Choice for Trend Investors, Heres Why |
Great Lakes Returns Distribution Density
The distribution of Great Lakes' historical returns is an attempt to chart the uncertainty of Great Lakes' future price movements. The chart of the probability distribution of Great Lakes daily returns describes the distribution of returns around its average expected value. We use Great Lakes Dredge price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Great Lakes returns is essential to provide solid investment advice for Great Lakes.
| Mean Return | 0.06 | Value At Risk | -3.36 | Potential Upside | 3.64 | Standard Deviation | 3.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Great Lakes historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Great Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Great Lakes is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Great Lakes Dredge backward and forwards among themselves. Great Lakes' institutional investor refers to the entity that pools money to purchase Great Lakes' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2023-12-31 | 1.1 M | Price Jennifer C. | 2023-12-31 | 1 M | Kennedy Capital Management Inc | 2023-12-31 | 845.5 K | Cove Street Capital, Llc | 2023-12-31 | 718.8 K | Renaissance Technologies Corp | 2023-12-31 | 664.1 K | Credit Suisse First Boston (csfb) | 2023-12-31 | 643.9 K | London Company Of Virginia | 2023-12-31 | 642.7 K | Northern Trust Corp | 2023-12-31 | 618.6 K | Prescott Group Capital Management Llc | 2023-12-31 | 546.9 K | Blackrock Inc | 2023-12-31 | 7.4 M | Alliancebernstein L.p. | 2023-12-31 | 4.6 M |
Great Lakes Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.9M) | (2.4M) | (2.7M) | (14.3M) | (11M) | (10.5M) | |
| Capital Expenditures | 49.4M | 47.6M | 116.7M | 143.0M | 150.8M | 158.4M | |
| Net Income | 55.7M | 66.1M | 49.4M | (34.1M) | 13.9M | 12.5M | |
| Change In Cash | 152.5M | 29.5M | (69.1M) | (140.9M) | 16.3M | 17.1M | |
| Free Cash Flow | 143.1M | 31.3M | (67.7M) | (141.4M) | (103.4M) | (98.2M) | |
| Depreciation | 37.1M | 38.2M | 43.0M | 46.3M | 42.5M | 43.3M | |
| Other Non Cash Items | (5.4M) | 40K | 2.1M | 9.1M | 480K | 504K | |
| End Period Cash Flow | 187.0M | 216.5M | 147.5M | 6.5M | 22.8M | 21.7M | |
| Change Receivables | 45.0M | (19.2M) | (44.0M) | 38.1M | 43.8M | 46.0M | |
| Net Borrowings | (83.8M) | (13.9M) | (4.4M) | (981K) | (882.9K) | (838.8K) | |
| Change To Netincome | 7.6M | 25.7M | 17.2M | 2.8M | 3.2M | 3.4M | |
| Investments | (25.8M) | (43.2M) | (112.2M) | (140.9M) | (137.4M) | (130.5M) |
Great Lakes Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Great Lakes or Construction & Engineering sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Great Lakes' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Great stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.0009 | |
β | Beta against NYSE Composite | 0.70 | |
σ | Overall volatility | 3.70 | |
Ir | Information ratio | -0.0052 |
Great Lakes Volatility Alert
Great Lakes Dredge currently demonstrates below-average downside deviation. It has Information Ratio of -0.01 and Jensen Alpha of 0.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Great Lakes' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Great Lakes' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Great Lakes Fundamentals Vs Peers
Comparing Great Lakes' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Great Lakes' direct or indirect competition across all of the common fundamentals between Great Lakes and the related equities. This way, we can detect undervalued stocks with similar characteristics as Great Lakes or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Great Lakes' fundamental indicators could also be used in its relative valuation, which is a method of valuing Great Lakes by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Great Lakes to competition |
| Fundamentals | Great Lakes | Peer Average |
| Return On Equity | 0.0987 | -0.31 |
| Return On Asset | 0.0299 | -0.14 |
| Profit Margin | 0.06 % | (1.27) % |
| Operating Margin | 0.16 % | (5.51) % |
| Current Valuation | 1.08 B | 16.62 B |
| Shares Outstanding | 67.01 M | 571.82 M |
| Shares Owned By Insiders | 2.60 % | 10.09 % |
| Shares Owned By Institutions | 81.41 % | 39.21 % |
| Number Of Shares Shorted | 1.56 M | 4.71 M |
| Price To Earning | 11.73 X | 28.72 X |
| Price To Book | 1.38 X | 9.51 X |
| Price To Sales | 0.90 X | 11.42 X |
| Revenue | 589.62 M | 9.43 B |
| Gross Profit | 31.17 M | 27.38 B |
| EBITDA | 62.05 M | 3.9 B |
| Net Income | 13.91 M | 570.98 M |
| Cash And Equivalents | 75.42 M | 2.7 B |
| Cash Per Share | 1.14 X | 5.01 X |
| Total Debt | 505.87 M | 5.32 B |
| Debt To Equity | 0.97 % | 48.70 % |
| Current Ratio | 2.00 X | 2.16 X |
| Book Value Per Share | 6.11 X | 1.93 K |
| Cash Flow From Operations | 47.42 M | 971.22 M |
| Short Ratio | 5.35 X | 4.00 X |
| Earnings Per Share | 0.57 X | 3.12 X |
| Price To Earnings To Growth | 1.14 X | 4.89 X |
| Target Price | 13.0 | |
| Number Of Employees | 367 | 18.84 K |
| Beta | 1.0 | -0.15 |
| Market Capitalization | 635.25 M | 19.03 B |
| Total Asset | 1.16 B | 29.47 B |
| Retained Earnings | 70.22 M | 9.33 B |
| Working Capital | 46.88 M | 1.48 B |
Note: Disposition of 19675 shares by Scott Kornblau of Great Lakes at 7.19 subject to Rule 16b-3 [view details]
Great Lakes Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Great . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Great Lakes Buy or Sell Advice
When is the right time to buy or sell Great Lakes Dredge? Buying financial instruments such as Great Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 37.6M | 29.5M | 36.3M | 55.3M | Total Assets | 997.7M | 981.8M | 1.2B | 745.6M |
Use Investing Ideas to Build Portfolios
In addition to having Great Lakes in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
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Check out Great Lakes Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Great Lakes Dredge information on this page should be used as a complementary analysis to other Great Lakes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Great Lakes' price analysis, check to measure Great Lakes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Great Lakes is operating at the current time. Most of Great Lakes' value examination focuses on studying past and present price action to predict the probability of Great Lakes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Lakes' price. Additionally, you may evaluate how the addition of Great Lakes to your portfolios can decrease your overall portfolio volatility.
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Is Great Lakes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Lakes. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Lakes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.292 | Earnings Share 0.57 | Revenue Per Share 9.465 | Quarterly Revenue Growth 0.257 | Return On Assets 0.0299 |
The market value of Great Lakes Dredge is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Lakes' value that differs from its market value or its book value, called intrinsic value, which is Great Lakes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Lakes' market value can be influenced by many factors that don't directly affect Great Lakes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Great Lakes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Lakes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Lakes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.