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    Great Lakes Dredge & Dock (GLDD) Is Up 10.2% After Announcing US$50m Share Buyback Program

    Simply Wall St·01/19/2026 08:24:04
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    • In recent days, Great Lakes Dredge & Dock reported stronger investor interest as government-backed coastal protection and dredging opportunities, an improving project backlog, and a roughly US$50.0 million share repurchase program drew attention to its business outlook.
    • Upward revisions to near-term earnings forecasts suggest analysts see these factors as supportive for the company’s operations, highlighting the importance of government-funded infrastructure work to its revenue base.
    • Now, we’ll examine how the new US$50.0 million share buyback shapes Great Lakes Dredge & Dock’s existing investment narrative and risks.

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    Great Lakes Dredge & Dock Investment Narrative Recap

    To own Great Lakes Dredge & Dock, you need to believe government-backed coastal protection, port work and related infrastructure will keep supporting its project backlog and fleet utilization. The recent share price swing and earnings upgrades reinforce the near term catalyst of a healthier backlog, but they do not remove the central risk that funding delays or shifts in political priorities could still affect the timing and size of new awards.

    The US$50.0 million share repurchase program is the clearest tie to this news, as it has attracted attention alongside stronger trading volumes and analyst earnings revisions. While buybacks alone do not change the underlying exposure to government and LNG spending, they sit on top of an improving backlog trend that many investors currently see as key to the company’s near term earnings profile.

    Yet, despite this improving backdrop, investors should be aware that the company’s dependence on government and LNG contracts still leaves it vulnerable if...

    Read the full narrative on Great Lakes Dredge & Dock (it's free!)

    Great Lakes Dredge & Dock's narrative projects $955.3 million revenue and $61.0 million earnings by 2028. This requires 4.8% yearly revenue growth and a $10.7 million earnings decrease from $71.7 million today.

    Uncover how Great Lakes Dredge & Dock's forecasts yield a $16.00 fair value, a 7% upside to its current price.

    Exploring Other Perspectives

    GLDD 1-Year Stock Price Chart
    GLDD 1-Year Stock Price Chart

    Three Simply Wall St Community fair value estimates span from US$16.00 up to about US$102.59, underlining how differently individual investors are sizing up GLDD. When you set those views against the company’s heavy reliance on government and LNG related work, it becomes clear why many investors are weighing both backlog strength and funding risk before forming an opinion.

    Explore 3 other fair value estimates on Great Lakes Dredge & Dock - why the stock might be worth just $16.00!

    Build Your Own Great Lakes Dredge & Dock Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.