Orion Group Holdings Inc (NYSE:ORN) insider Mark R. Stauffer sold 20,000 shares of Orion Group stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $7.56, for a total value of $151,200.00. Following the sale, the insider now directly owns 362,631 shares in the company, valued at approximately $2,741,490.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Orion Group Holdings Inc (NYSE:ORN) opened at $7.45 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group Holdings Inc has a 12 month low of $5.17 and a 12 month high of $11.11.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The firm had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s revenue was down 14.5% compared to the same quarter last year. sell-side analysts predict that Orion Group Holdings Inc will post -0.25 EPS for the current year.

ORN has been the topic of a number of research reports. Canaccord Genuity raised Orion Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised Orion Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, B. Riley reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Orion Group in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.00.

A number of large investors have recently added to or reduced their stakes in ORN. Vanguard Group Inc. increased its stake in Orion Group by 14.3% in the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock worth $10,730,000 after acquiring an additional 179,950 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Orion Group by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 196,358 shares of the construction company’s stock valued at $1,466,000 after purchasing an additional 5,694 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,808,756 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 240,368 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Orion Group by 39.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 50,600 shares of the construction company’s stock valued at $378,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Orion Group by 107.6% during the 1st quarter. Bank of America Corp DE now owns 42,213 shares of the construction company’s stock valued at $316,000 after purchasing an additional 21,881 shares during the last quarter. 85.64% of the stock is currently owned by institutional investors and hedge funds.

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Orion Group Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

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