Orion Group (NYSE:ORN) Releases Earnings Results, Misses Estimates By $0.01 EPS

Orion Group (NYSE:ORN) announced its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01), Zacks reports. Orion Group had a return on equity of 3.07% and a net margin of 0.40%.

Orion Group Stock Up 4.4%

NYSE ORN traded up $0.38 during trading hours on Tuesday, hitting $9.16. The company had a trading volume of 926,735 shares, compared to its average volume of 440,232. Orion Group has a fifty-two week low of $8.15 and a fifty-two week high of $17.40. The company has a market capitalization of $371.01 million, a price-to-earnings ratio of 101.82 and a beta of 1.43. 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’s 50 day moving average is $9.05 and its 200 day moving average is $11.83.

Insiders Place Their Bets

In related news, Director Robert Ledford bought 20,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the completion of the purchase, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary E. Sullivan bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the completion of the acquisition, the director owned 277,904 shares in the company, valued at approximately $2,720,680.16. This trade represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 28,000 shares of company stock worth $270,820 over the last quarter. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ORN shares. JPMorgan Chase & Co. lowered their target price on shares of Orion Group from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Oppenheimer decreased their price target on shares of Orion Group from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Wall Street Zen cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded Orion Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Finally, Zacks Research lowered shares of Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.75.

About Orion Group

Orion Group Holdings, Inc (NYSE:ORN) is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion’s marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.