Renaissance Technologies LLC Purchases 122,909 Shares of Great Lakes Dredge & Dock Corporation $GLDD
Renaissance Technologies LLC significantly increased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 47.5% in the first quarter, adding 122,909 shares to reach a total of 381,700 shares valued at $6.489 million. Other institutional investors like Vanguard Group Inc., Gabelli Funds LLC, and Sanctuary Advisors LLC also either increased or initiated positions in GLDD. Institutional investors collectively own 89.11% of the company, which recently opened at $17.00, close to its 52-week high, and has a market capitalization of $1.14 billion.
Buxton Beach Nourishment Update
Dare County Board of Commissioners Chairman Bob Woodard provided an update on the Buxton beach nourishment project, announcing that the dredge Liberty Island began pumping sand on July 31, 2026. The project, involving Great Lakes Dredge & Dock Company, aims to place 2 million cubic yards of sand along 2.9 miles of shoreline and is anticipated to be completed by September 30, 2026. Woodard also recognized Matt Kellam for his heroic actions in rescuing three children from a rip current.
A 346 foot dredge, built by Conrad for Great Lakes Dredge & Dock, named the Amelia Island just joined America’s coast, and every load of sand it pumps ashore rebuilds the exact Florida beaches sea turtles need to nest
The newly built 346-foot dredge "Amelia Island," constructed by Conrad for Great Lakes Dredge & Dock, has begun operations along America's coast. This vessel, delivered in August 2025, is a trailing suction hopper dredge designed to replenish sand on Florida's beaches. Its work is crucial for rebuilding coastal areas, particularly those essential for sea turtle nesting, as natural sand movement is often disrupted by human development and climate change.
Callan Marine, Crosby Dredging, GLDD, Inland Dredging, Manson Construction, Mike Hooks, Muddy Water & Orion Marine Will Compete for each Order of a $95 million Pipeline Dredging Project for USACE Galveston District
Nine companies, including Callan Marine Ltd., Crosby Dredging LLC, and Great Lakes Dredge & Dock Co. LLC, will compete for a firm-fixed-price contract worth $95 million for pipeline dredging projects within the U.S. Army Corps of Engineers Galveston District. The contract was solicited via the internet with nine bids received, and work locations and funding will be determined with each order, with an estimated completion date of August 3, 2031.
Great Lakes Dredge & Dock Celebrates Completion of Freeport Harbor Channel Improvement Project
Great Lakes Dredge & Dock (GLDD) celebrated the completion of the Freeport Harbor Channel Improvement Project, a significant infrastructure development for Port Freeport. This project, executed for the U.S. Army Corps of Engineers Galveston District, aims to bolster Port Freeport's role in global commerce, improve supply chain efficiency, and generate economic opportunities for the region. The ribbon-cutting ceremony included representatives from GLDD, Port Freeport, and the U.S. Army Corps of Engineers, marking a key milestone in strengthening America's port infrastructure.
Groupe la Francaise Takes $2.19 Million Position in Great Lakes Dredge & Dock Corporation $GLDD
Groupe la Francaise acquired a new stake of 128,598 shares in Great Lakes Dredge & Dock Corporation (GLDD) during the first quarter, valued at approximately $2.19 million. This investment represents about 0.19% of the company, with institutional investors holding 89.11% of the stock. GLDD currently has a consensus "Hold" rating and a $17.00 price target.
Dimensional Fund Advisors LP Has $57.57 Million Position in Great Lakes Dredge & Dock Corporation $GLDD
Dimensional Fund Advisors LP significantly reduced its stake in Great Lakes Dredge & Dock Corporation (GLDD) by 21.2% in the first quarter, selling over 900,000 shares. Despite this reduction, the firm still holds 3.39 million shares, valued at approximately $57.6 million, representing a 5.07% ownership. Institutional investors collectively own 89.11% of GLDD, which is currently trading near its 12-month high with a "Hold" consensus rating from analysts, though one firm recently upgraded it to a "strong buy."
GLDD’s dredger Liberty Island kicks off Buxton beach nourishment
Great Lakes Dredge & Dock Company (GLDD) has commenced the Buxton beach nourishment project with its dredger Liberty Island, which began pumping sand on July 31. A second dredger is expected in mid-August to help ensure the project's completion by September 30, 2026. The project will place approximately 2 million cubic yards of sand along Buxton's oceanfront beaches.
GLDD to begin Buxton beach nourishment next week
Great Lakes Dredge & Dock Company (GLDD) has adjusted the timeline for the Buxton beach nourishment project, with the dredge Liberty Island now expected to arrive in Dare County the week of July 27, 2026, slightly later than planned. To keep the project on schedule for a September 30, 2026, completion, a second dredge will join the effort in mid-August. The delay is due to the Liberty Island requiring a specialized pump replacement, but the vessel is not otherwise engaged in work that would further hinder its arrival.
Great Lakes Dredge & Dock stock trades steady as backlog supports outlook
Great Lakes Dredge & Dock Corporation (GLDD) stock is trading steadily, supported by a significant dredging backlog and positive margin trends. The company reported quarterly revenue around $200 million in 2025, with improved profitability compared to the prior year. An elevated backlog, higher than fiscal 2024, provides strong revenue visibility and underpins investor confidence in the company's medium-term outlook.
Buxton beach nourishment operations expected to begin next week
The Buxton beach nourishment project has an updated timeline, with the dredge Liberty Island now expected to arrive in Dare County the week of July 27, 2026, approximately one week later than previously scheduled. To keep the project on track, a second dredge will arrive in mid-August, aiming for completion by September 30, 2026. The delay is due to the Liberty Island requiring a specialized pump replacement after maintenance, and it will begin work in Buxton once repairs are complete.
Buxton beach nourishment operations expected to begin next week
The start of the Buxton beach nourishment project has been delayed by one week, with the dredge Liberty Island now expected to arrive in Dare County during the week of July 27, 2026. A necessary pump replacement on the Liberty Island caused the delay, but a second dredge will join the project in mid-August to ensure the September 30, 2026 completion date is met. Approximately 2 million cubic yards of sand will be placed along Buxton's oceanfront during the 95-day construction period.
Great Lakes Dredge & Dock stock trades steady as backlog and recent losses shape investor focus
Great Lakes Dredge & Dock Corporation (GLDD) stock is trading steadily, influenced by a substantial dredging backlog and recent net losses. Despite significant revenue of $619.7 million in 2023, the company reported a net loss of $26 million, primarily due to cost inflation and operational challenges. Investors are monitoring how the company converts its $1.1 billion backlog into profitable projects and strengthens its financial performance.
GLDD5184337 Bond Risk Profile
This page provides a risk profile for the Great Lakes Dredge & Dock Corporation 5.25% 01-JUN-2029 bond (GLDD5184337 FINRA). It offers an overview of the bond's coupon and redemption details, along with key metrics for assessing credit risk, security level, inflation protection, and issuer rating. Users can also access exclusive analyst ratings and full data for informed decision-making.
GLDD5184337 Bond Profile — Key Metrics
This article provides key metrics for the GLDD5184337 bond issued by Great Lakes Dredge & Dock Corporation, detailing its issuer, issue date, maturity date, and coupon rate. It highlights the company's core business in dredging services, including port maintenance, coastal restoration, and land reclamation. The bond has an outstanding amount of 0.00 USD and a face value of 1,000.00 USD with a 5.25% coupon.
Great Lakes Dredge & Dock Updates Buxton Beach Nourishment Schedule, Adds Second Dredge
Great Lakes Dredge & Dock Company has updated the timeline for the Buxton beach nourishment project, with the dredge Liberty Island now expected to arrive in Dare County during the week of July 27, 2026, a week later than planned. To keep the project on schedule for a September 30, 2026 completion, a second dredge will join in mid-August. The delay was caused by a specialized pump replacement needed for the Liberty Island after its maintenance in Norfolk.
Great Lakes Dredge & Dock (GLDD) sees Dimensional report 0% stake
Dimensional Fund Advisors has filed an amended Schedule 13G/A report for Great Lakes Dredge & Dock Corp (GLDD), indicating beneficial ownership of 0 shares, representing 0.0% of the class. The filing clarifies that any securities are owned by underlying investment funds, with Dimensional disclaiming beneficial ownership except for Section 13(d) reporting, and no individual fund advised by Dimensional holds more than 5% of the class. The report also states that Dimensional has no sole or shared voting or dispositive power over these shares.
Ocean City Beach Replenishment Update: July 12, 2026: $19.5 million contract to Great Lakes Dredge & Dock Company
Ocean City is undergoing a beach replenishment project with a $19.5 million contract awarded to Great Lakes Dredge & Dock Company. The project, which involves placing 1.6 million cubic yards of sand, will close sections of beaches between the First Street jetty and 12th Street for 24-hour sand-pumping operations. The initiative aims to protect coastal property from erosion, with ongoing work expected to continue throughout Summer 2026.
GLDD stock stays supported by US dredging demand
GLDD stock offers investors exposure to Great Lakes Dredge & Dock Corp., a specialist in marine construction and dredging. The company plays a crucial role in large-scale US infrastructure projects, including maintaining navigable waterways and coastal protection initiatives. Its revenue is driven by long-term public and private investments in ports, waterways, and shorelines, linking its performance to broader infrastructure and climate resilience trends.
Ocean City beach nourishment: Dredger Illinois begins sand pumping operations
The Army Corps of Engineers awarded a $19.5 million contract to Great Lakes Dredge & Dock Company for the 11th renourishment project of Ocean City's north-end beaches. The dredger Illinois has started pumping operations, with 1.6 million cubic yards of sand being used to rebuild the area from Seaspray Beach to 12th Street. Specific beach sections between First Street and Third Street jetties are closed during the initial phase of sand-pumping.
Great Lakes Dredge & Dock highlights its role in U.S. infrastructure projects
Great Lakes Dredge & Dock plays a crucial role in U.S. infrastructure through marine engineering, specializing in harbor deepening and coastal protection. The company benefits from consistent federal and state funding for navigation and shore protection projects, operating in a niche yet vital segment of the infrastructure market. Its business model relies on securing large-scale marine construction contracts and executing them with specialized vessels and expertise, aligning with long-term public policy and investment decisions.
Great Lakes Dredge & Dock outlines its role in U.S. coastal infrastructure
Great Lakes Dredge & Dock (ISIN US3903331032) is a leading U.S. marine contractor specializing in dredging and coastal restoration crucial for maintaining navigable waterways, supporting port infrastructure, and enhancing coastal resilience against erosion and rising sea levels. The company operates a substantial fleet to deepen shipping channels, widen beaches, and rebuild protective barriers. Its projects are funded through federal, state, and local sources, driven by long-term demand for infrastructure and climate adaptation, and its stock performance reflects investor expectations regarding contract awards and market trends.
Great Lakes Dredge & Dock outlines its role in U.S. coastal infrastructure
Great Lakes Dredge & Dock (GLDD) is a major U.S. marine contractor specializing in dredging and coastal restoration crucial for maintaining navigable waterways and port infrastructure. The company plays a central role in mitigating coastal erosion, rising sea levels, and storm damage through projects like channel deepening and beach nourishment, which are largely funded by federal, state, and local governments. GLDD's specialized expertise and equipment position it to meet the growing demand for resilient infrastructure in the United States.
GLDD’s dredger Illinois gears up for Ocean City beach replenishment
Great Lakes Dredge & Dock Company (GLDD) has been awarded a $19.5 million contract by the Army Corps of Engineers for a beach replenishment project in Ocean City. The project will involve rebuilding north-end beaches with 1.6 million cubic yards of sand, extending from Seaspray Beach to 12th Street. Sand-pumping operations are expected to commence between July 7 and July 12, with the dredger Illinois already positioned in Absecon Inlet for deployment.
GLDD Takes Delivery Of Innovative Subsea Rock Vessel
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, a new Jones Act-compliant subsea rock installation vessel, from Hanwha Philly Shipyard. This acquisition marks GLDD's strategic expansion into the offshore energy sector, with the Acadia set to work on Equinor's Empire Wind 1 and Ørsted's Sunrise Wind projects offshore New York before mobilizing to Europe. The vessel is designed to protect subsea infrastructure for offshore wind turbines and is the first U.S.-flagged vessel of its kind.
Acadia enters service as U.S. offshore wind fleet faces shrinking home market
Great Lakes Dredge & Dock has taken delivery of Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, which will support offshore wind projects in the U.S. before moving to international contracts. This delivery comes as the U.S. offshore wind market faces a smaller project pipeline, prompting specialized assets to seek work abroad. The vessel's construction marked a milestone for Hanwha Philly Shipyard and utilized U.S.-sourced steel and labor.
Great Lakes Takes Delivery of First U.S.-Flagged Jones Act Rock Installation Vessel
Great Lakes Dredge & Dock has taken delivery of the MV Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, built by Hanwha Philly Shipyard. The Acadia will support offshore wind projects in the U.S. before moving on to international contracts in Europe. This delivery marks a significant milestone for the domestic offshore construction fleet despite recent changes in the U.S. offshore wind industry.
VESSEL REVIEW | Acadia – Large-capacity rock installation vessel to support US offshore wind projects
Great Lakes Dredge and Dock (GLDD) has taken delivery of the 'Acadia,' a new subsea rock installation vessel built by Hanwha Philly Shipyard, designed to precisely install up to 20,000 tonnes of rock for scour protection, particularly for offshore wind turbine foundations. This US-flagged, Jones Act-compliant vessel, which can run on biofuel and features advanced emission control, will support US offshore wind projects like Equinor’s Empire Wind I and Ørsted’s Sunrise Wind, before moving to international projects.
Great Lakes Dredge & Dock (GLDD) Stock News
This page provides news and insights for investors interested in Great Lakes Dredge & Dock (GLDD). Key updates include GLDD's acquisition by Saltchuk Resources, its delisting from Nasdaq, and the delivery of its new subsea rock installation vessel, Acadia, for offshore energy projects. The articles also detail tender offers for the company's senior notes and its financial results leading up to the acquisition.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, built by Hanwha Philly Shipyard. This vessel marks a significant expansion for Great Lakes into the offshore energy sector, supporting projects like Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind offshore New York, before mobilizing to Europe for a major offshore wind developer in 2027. The Acadia is designed to precisely place rock materials to protect subsea infrastructure for offshore wind turbines.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of the state-of-the-art Jones Act-compliant subsea rock installation vessel, Acadia, from Hanwha Philly Shipyard. This delivery marks GLDD's expansion into the offshore energy sector, with Acadia set to work on Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind projects offshore New York, before moving to Europe in 2027. The vessel is designed to install and protect subsea infrastructure, enhancing energy security.
Great Lakes Dredge and Dock takes delivery of rock installation vessel
Great Lakes Dredge and Dock (GLDD) has taken delivery of Acadia, a new subsea rock installation (SRI) vessel built by Hanwha Philly Shipyard. The vessel is designed to install up to 20,000 tonnes of rock for scour protection of subsea infrastructure. Acadia is the first US-flagged, Jones Act-compliant SRI vessel and will work on projects for Equinor and Ørsted offshore New York before mobilizing to Europe.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia To Great Lakes
Hanwha Philly Shipyard, Inc. (HPSI) has delivered the first-of-its-kind Subsea Rock Installation Vessel (SRIV) Acadia to Great Lakes Dredge & Dock Company, LLC. This vessel is designed for offshore infrastructure projects, providing stability and protection for pipelines and cables. The delivery marks a significant achievement for both companies and the U.S. shipbuilding industry, demonstrating HPSI's capability in specialized vessel construction.
First Jones Act-Compliant Subsea Rock Installation Vessel Delivered to GLDD
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, the first U.S.-flagged subsea rock installation vessel compliant with Jones Act requirements. This vessel, ordered in 2021 and built by Philly Shipyard, Inc., is a significant development for the offshore energy infrastructure sector, positioning GLDD to lead subsea rock installation in U.S. and global markets. The Acadia will begin work on Equinor's Empire Wind 1 and Orsted's Sunrise Wind projects off New York before mobilizing to Europe for further offshore wind development work.
First US subsea rock installation vessel nears inaugural offshore wind assignment
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel. This vessel will first mobilize for Equinor's Empire Wind 1 and Ørsted’s Sunrise Wind offshore projects in New York before heading to Europe for further offshore wind work. The Acadia is designed to transport and install up to 20,000 metric tons of rock for critical scour protection of subsea infrastructure.
Arcadia Delivered: First Jones Act-Compliant Rock Installation Vessel Faces New Strategy - News and Statistics
The first Jones Act-compliant rock installation vessel, Arcadia, has been delivered to Great Lakes Dredge & Dock Company. Though initially intended for the U.S. offshore wind sector, a shifting market landscape has forced its owners to adapt their strategy, including plans for international deployment. The vessel will work on U.S. projects Empire Wind 1 and Sunrise Wind before heading to Europe in 2027.
First U.S.-Built Rock Installation Vessel Delivered into a Changed Market
The first U.S.-built rock installation vessel, Arcadia, designed for offshore wind, has been delivered to Great Lakes Dredge & Dock Company by Hanwha Philly Shipyard. Despite its original focus on the U.S. offshore wind market, the vessel will pivot to international opportunities after completing two U.S. projects due to market changes. The state-of-the-art vessel is equipped for precise subsea rock placement and represents a strategic expansion into the offshore energy sector for its owners.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, marking a key expansion into the offshore energy sector. Acadia will first work on Equinor's Empire Wind 1 and Ørsted’s Sunrise Wind projects offshore New York, after which it will mobilize to Europe. This vessel is crucial for installing and protecting offshore wind infrastructure and boosts Great Lakes’ role in the clean energy transition.
Great Lakes Dredge & Dock Takes Delivery of Subsea Rock Installation Vessel Acadia
Great Lakes Dredge & Dock Corporation has taken delivery of the *Acadia*, a new subsea rock installation vessel designed to support the offshore wind industry. The vessel features advanced technology for precise rock placement to stabilize wind turbine foundations and subsea cables. This addition significantly expands the company's capabilities in the renewable energy sector, with the *Acadia* slated for active service soon to support offshore wind infrastructure projects.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, a new Jones Act-compliant subsea rock installation vessel, marking a significant step into the offshore energy sector. The Acadia will support major offshore wind projects along the U.S. East Coast, including Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind, before mobilizing to Europe. This vessel positions GLDD at the forefront of offshore wind infrastructure development.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, marking its expansion into the offshore energy sector. The vessel will support offshore wind projects like Empire Wind 1 and Sunrise Wind in New York before moving to Europe in 2027. This specialized vessel positions Great Lakes Dredge & Dock to play a key role in offshore energy infrastructure development.
Great Lakes' subsea rock installation delivered
Hanwha Philly Shipyard Inc. has delivered the subsea rock installation vessel Acadia to Great Lakes Dredge & Dock Co. LLC, marking the first U.S.-flagged vessel of its kind. The 461-foot Acadia is designed to transport and install up to 20,000 metric tons of rock for scour protection, primarily for offshore wind projects like Empire Wind 1 and Sunrise Wind off New York. Despite prior construction delays and a shifting policy landscape for offshore wind, the vessel will also perform work in Europe after its initial U.S. assignments.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia to Great Lakes
Hanwha Philly Shipyard, Inc. has successfully delivered "Acadia," the first Subsea Rock Installation Vessel (SRIV) of its kind, to Great Lakes Dredge & Dock Company, LLC. This delivery marks a significant achievement for the U.S. shipbuilding industry and strengthens critical offshore infrastructure development. The vessel will support offshore energy projects by installing subsea rocks to protect pipelines and cables.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia to Great Lakes
Hanwha Philly Shipyard has successfully delivered the Acadia, a Subsea Rock Installation Vessel (SRIV), to Great Lakes Dredge & Dock Company, LLC. This marks the first SRIV of its kind in the market, designed for offshore infrastructure projects like protecting pipelines and cables. The delivery highlights the shipyard's growing capacity to produce specialized vessels for critical infrastructure and supports the strengthening of the U.S. shipbuilding industry.
Avon beach nourishment update: Sand placement wraps up for n...
Sand placement for the northern portion of the Avon beach nourishment project has been completed. Great Lakes Dredge & Dock Company estimates the remaining work will be done within 10 days, weather permitting. Approximately 289,228 cubic yards of sand have been placed, representing about 77% of the total project volume.
Avon beach nourishment update: Sand placement wraps up for northern part of project area
Sand placement for the northern section of the Avon beach nourishment project was completed on June 20, 2026, with an estimated 77% of the total sand volume already placed. The contractor, Great Lakes Dredge & Dock Company, is now moving south and expects to finish the remaining work within 10 days, weather permitting. Beachgoers and ORV Ramp 38 users should be aware of ongoing construction and potential short-term delays.
Great Lakes Dredge & Dock Corp (GLDD) Technical Analysis: Support, Resistance, Indicators & Moving Averages
This article provides a technical analysis of Great Lakes Dredge & Dock Corp (GLDD), detailing its current price momentum, support and resistance levels, and various indicator readings. It shows that GLDD's stock is currently trading between a resistance level of $17.04 and a support level of $16.94 and that its technical indicators and moving averages generally signal a "Buy." The analysis also includes FAQs regarding technical ratings, moving averages, and general buy/sell signals for GLDD.
Controversy Swirls Around Argentina's Parana Dredge Bid, with DEME, backed by GLDD & KKR, Providing a Revised Proposal
A dispute has erupted over Argentina's multi-billion dollar Parana River dredging contract after the government's preliminary award to Belgian company Jan De Nul NV was challenged. Another Belgian firm, DEME NV, backed by U.S. partners Great Lakes Dredge & Dock Corp. and KKR & Co., submitted a revised proposal and emphasized the geopolitical significance of its U.S. support. The controversy is fueled by growing U.S.-China economic competition in Latin America, with attention focused on alleged ties between Jan De Nul's local partner and a Chinese state-owned dredging firm sanctioned by the U.S.
Great Lakes Dredge & Dock Corp (GLDD) Valuation: PE, PB & Fair Value Analysis
This article provides a brief valuation analysis for Great Lakes Dredge & Dock Corp (GLDD), noting its current valuation score of 8.21. It highlights the company's P/E ratio of 15.47 and mentions that P/B, P/S, and P/CF data have not yet been disclosed. The score ranks GLDD 14 out of 44 in the Construction & Engineering industry.
Pensacola Beach concludes multimillion-dollar nourishment project by Great Lakes Dredge & Dock ahead of summer season
Pensacola Beach has completed a $35 million nourishment project, managed by Great Lakes Dredge & Dock, to combat erosion and maintain its beaches ahead of the summer tourist season. The project involved moving 1.5 million cubic yards of sand over 8.1 miles, which occurs every ten years to protect infrastructure and attract tourists. Despite the natural occurrence of sargassum seaweed, local officials emphasize the importance of the project for the beach's resilience and appeal.
