Orion Group Holdings, Inc. (NYSE:ORN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Orion Group Holdings, Inc. (NYSE:ORN) has been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.3333.

Several equities research analysts have recently commented on ORN shares. Wall Street Zen downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Roth Capital set a $15.00 target price on shares of Orion Group in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Zacks Research lowered shares of Orion Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Oppenheimer decreased their price objective on shares of Orion Group from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th.

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Mary Sullivan acquired 3,000 shares of Orion Group stock in a transaction on Friday, July 31st. The shares were bought at an average price of $9.79 per share, with a total value of $29,370.00. Following the completion of the purchase, the director owned 277,904 shares in the company, valued at $2,720,680.16. This trade represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edward Earle bought 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $9.81 per share, for a total transaction of $49,050.00. Following the acquisition, the executive vice president directly owned 150,042 shares of the company’s stock, valued at approximately $1,471,912.02. The trade was a 3.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 28,000 shares of company stock worth $270,820. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Orion Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP lifted its holdings in Orion Group by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the company’s stock valued at $49,801,000 after buying an additional 56,663 shares during the period. BlackRock Inc. raised its position in shares of Orion Group by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,008,011 shares of the company’s stock valued at $50,595,000 after acquiring an additional 270,967 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Orion Group by 21.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,014,110 shares of the company’s stock valued at $33,877,000 after acquiring an additional 357,276 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of Orion Group by 33.1% in the 4th quarter. CenterBook Partners LP now owns 720,561 shares of the company’s stock valued at $7,162,000 after purchasing an additional 179,050 shares during the period. Finally, De Lisle Partners LLP acquired a new position in shares of Orion Group in the 2nd quarter valued at $7,067,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of Orion Group stock traded down $0.10 during midday trading on Friday, hitting $9.02. 44,014 shares of the company were exchanged, compared to its average volume of 425,247. The firm has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $12.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. The firm has a market cap of $365.22 million, a P/E ratio of 100.02 and a beta of 1.39. Orion Group has a 52 week low of $7.78 and a 52 week high of $17.40.

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

About Orion Group

Orion Group Holdings, Inc (NYSE: ORN) is a construction company that provides infrastructure services to public- and private-sector customers. The company operates primarily through its Marine and Concrete segments, serving clients involved in transportation, infrastructure, industrial, commercial and government projects.

Its Marine segment performs construction and repair work for ports, harbors, waterways and other marine infrastructure. Services may include marine transportation, dredging, excavation, pile driving, installation of marine structures and construction of bridges, piers, docks and other waterfront facilities.

Through its Concrete segment, Orion provides structural and site-concrete services for commercial, industrial and infrastructure developments.