Orion Group (ORN) Stock Price Up 4.9%

Orion Group Holdings Inc (NYSE:ORN) shares rose 4.9% on Thursday . The company traded as high as $2.24 and last traded at $2.34. Approximately 3,604 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 713,227 shares. The stock had previously closed at $2.23.

ORN has been the subject of a number of recent research reports. TheStreet lowered shares of Orion Group from a “c-” rating to a “d” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded shares of Orion Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley reduced their price objective on shares of Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, March 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Orion Group currently has a consensus rating of “Hold” and an average target price of $6.69.

The company has a market cap of $64.83 million, a price-to-earnings ratio of -6.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.39 and a current ratio of 1.40.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). Orion Group had a negative net margin of 20.19% and a negative return on equity of 9.60%. The business had revenue of $143.11 million during the quarter, compared to analysts’ expectations of $126.76 million. Analysts expect that Orion Group Holdings Inc will post -0.3 EPS for the current year.

In other news, CFO Robert L. Tabb purchased 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was purchased at an average cost of $1.94 per share, with a total value of $38,800.00. Following the acquisition, the chief financial officer now directly owns 26,872 shares in the company, valued at $52,131.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Peter R. Buchler purchased 30,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was purchased at an average cost of $1.98 per share, with a total value of $59,400.00. Following the completion of the acquisition, the vice president now owns 180,656 shares in the company, valued at $357,698.88. The disclosure for this purchase can be found here. Insiders purchased a total of 63,285 shares of company stock valued at $124,098 over the last quarter. 7.50% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Boston Partners boosted its holdings in Orion Group by 79.1% in the 4th quarter. Boston Partners now owns 2,838,444 shares of the construction company’s stock valued at $12,177,000 after purchasing an additional 1,253,496 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Orion Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,432,909 shares of the construction company’s stock valued at $10,437,000 after purchasing an additional 10,626 shares during the period. Vanguard Group Inc boosted its holdings in Orion Group by 6.6% in the 3rd quarter. Vanguard Group Inc now owns 1,817,598 shares of the construction company’s stock valued at $13,723,000 after purchasing an additional 112,379 shares during the period. Vanguard Group Inc. boosted its holdings in Orion Group by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,817,598 shares of the construction company’s stock valued at $13,723,000 after purchasing an additional 112,379 shares during the period. Finally, Grace & White Inc. NY boosted its holdings in Orion Group by 9.9% in the 1st quarter. Grace & White Inc. NY now owns 1,147,983 shares of the construction company’s stock valued at $3,352,000 after purchasing an additional 103,649 shares during the period. 93.36% of the stock is owned by hedge funds and other institutional investors.

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Orion Group Company Profile (NYSE:ORN)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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