Quentin Jr. Smith Sells 10,695 Shares of Orion Group (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin Jr. Smith sold 10,695 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total transaction of $131,013.75. Following the transaction, the director directly owned 90,659 shares in the company, valued at approximately $1,110,572.75. The trade was a 10.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Orion Group Stock Down 7.4%

ORN stock opened at $10.85 on Thursday. The firm’s 50-day moving average is $12.33 and its two-hundred day moving average is $10.26. The company has a market capitalization of $434.75 million, a price-to-earnings ratio of 216.94 and a beta of 1.15. Orion Group Holdings, Inc. has a 52 week low of $4.64 and a 52 week high of $15.00. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.08.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The business had revenue of $233.22 million during the quarter, compared to analysts’ expectations of $222.42 million. On average, analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Orion Group by 1.0% in the fourth quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after buying an additional 888 shares during the last quarter. Deutsche Bank AG boosted its holdings in Orion Group by 5.7% during the fourth quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock valued at $335,000 after acquiring an additional 1,802 shares during the period. Empowered Funds LLC grew its position in shares of Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares during the last quarter. OLD National Bancorp IN increased its position in Orion Group by 20.7% in the 3rd quarter. OLD National Bancorp IN now owns 16,047 shares of the construction company’s stock worth $134,000 after buying an additional 2,751 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Orion Group by 171.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,832 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

ORN has been the topic of a number of research reports. DA Davidson boosted their price objective on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. B. Riley Financial raised their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Roth Mkm began coverage on Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price objective on the stock. Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Orion Group presently has an average rating of “Buy” and a consensus target price of $16.25.

Orion Group Company Profile

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.