Great Lakes Dredge & Dock (GLDD) has disclosed a new risk, in the Regulation category.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Great Lakes Dredge & Dock faces a significant risk due to a new Executive Order issued on January 21, 2025, by President Trump, which prohibits diversity, equity, and inclusion initiatives that violate federal anti-discrimination laws for federal contractors. This order requires the company to ensure compliance with federal anti-discrimination laws, affecting the company’s ability to secure government contracts. Non-compliance could lead to legal actions, including under the False Claims Act, potentially resulting in debarment, thus materially impacting their financial condition, operations, and reputation. The company’s adherence to these regulations is crucial to avoid detrimental effects on their business and workforce management strategies.
Overall, Wall Street has a Moderate Buy consensus rating on GLDD stock based on 1 Buy.
To learn more about Great Lakes Dredge & Dock’s risk factors, click here.
