Great Lakes Dredge & Dock Stockholders Approve Key Amendments

The latest announcement is out from Great Lakes Dredge & Dock ( (GLDD) ).

On May 8, 2025, Great Lakes Dredge & Dock Corporation held its Annual Meeting of Stockholders, where several key decisions were made. Stockholders approved an amendment to the 2021 Long-Term Incentive Plan, increasing the shares available by 3,000,000, and ratified Deloitte & Touche LLP as the independent auditor for 2025. Additionally, the election of two directors, approval of executive compensation, and the 2025 Employee Stock Purchase Plan were confirmed, indicating strong shareholder support for the company’s strategic direction.

The most recent analyst rating on (GLDD) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Great Lakes Dredge & Dock stock, see the GLDD Stock Forecast page.

Spark’s Take on GLDD Stock

According to Spark, TipRanks’ AI Analyst, GLDD is a Neutral.

Great Lakes Dredge & Dock demonstrates strong revenue growth and profit margins, supported by a robust earnings call highlighting strategic initiatives. However, high leverage and negative free cash flow present risks. The stock shows positive technical momentum but is overbought short-term. Valuation suggests the stock is undervalued, indicating potential for appreciation.

To see Spark’s full report on GLDD stock, click here.

More about Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation operates in the dredging industry, providing dredging services for infrastructure projects, coastal protection, and land reclamation. The company focuses on maintaining and improving waterways and ports, which are crucial for global trade and environmental sustainability.

Average Trading Volume: 550,589

Technical Sentiment Signal: Strong Buy

Current Market Cap: $726.8M

See more insights into GLDD stock on TipRanks’ Stock Analysis page.