69,830 Shares in Orion Group Holdings, Inc. $ORN Purchased by State of Wyoming

State of Wyoming acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 69,830 shares of the construction company’s stock, valued at approximately $1,175,000. State of Wyoming owned 0.17% of Orion Group at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Orion Group by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after acquiring an additional 187,819 shares during the period. NewEdge Advisors LLC boosted its position in shares of Orion Group by 55.7% during the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock worth $131,000 after purchasing an additional 8,945 shares during the period. Empowered Funds LLC boosted its position in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares during the period. Strs Ohio purchased a new position in shares of Orion Group during the 1st quarter worth approximately $175,000. Finally, Creative Planning acquired a new stake in Orion Group in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Trading Up 3.1%

Shares of ORN stock opened at $9.98 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.51 and a current ratio of 1.52. The stock has a market capitalization of $404.22 million, a P/E ratio of 110.92 and a beta of 1.40. The company has a 50 day moving average price of $13.22 and a 200 day moving average price of $12.95. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $17.40.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The business had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $225.72 million. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Oppenheimer initiated coverage on Orion Group in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price objective for the company. Roth Capital set a $15.00 price objective on Orion Group in a report on Thursday, July 30th. Finally, Weiss Ratings lowered Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Orion Group currently has an average rating of “Hold” and a consensus target price of $17.20.

Insider Transactions at Orion Group

In related news, EVP Edward Chipman Earle bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $9.81 per share, for a total transaction of $49,050.00. Following the completion of the acquisition, the executive vice president owned 150,042 shares in the company, valued at approximately $1,471,912.02. This trade represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Ledford bought 20,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $9.62 per share, with a total value of $192,400.00. Following the completion of the purchase, the director directly owned 43,112 shares in the company, valued at $414,737.44. This represents a 86.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 28,000 shares of company stock valued at $270,820. 5.70% of the stock is currently owned by company insiders.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.