Orion Group Holdings, Inc. (NYSE:ORN – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.90 and traded as high as $14.30. Orion Group shares last traded at $13.9380, with a volume of 223,955 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Roth Mkm initiated coverage on Orion Group in a research report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target on the stock. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, B. Riley Financial upped their price target on Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.00.
Read Our Latest Analysis on ORN
Orion Group Stock Down 4.1%
Orion Group (NYSE:ORN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Equities research analysts forecast that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current year.
Insider Transactions at Orion Group
In other news, Director Quentin P. Jr. Smith sold 10,695 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the sale, the director owned 90,659 shares in the company, valued at approximately $1,110,572.75. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the sale, the director owned 329,215 shares in the company, valued at $4,006,546.55. The trade was a 21.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 141,390 shares of company stock worth $1,832,825. Insiders own 5.70% of the company’s stock.
Hedge Funds Weigh In On Orion Group
Several large investors have recently made changes to their positions in ORN. AQR Capital Management LLC lifted its stake in shares of Orion Group by 64.2% during the first 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 lifted its stake in shares of Orion Group by 55.7% during the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after acquiring an additional 8,945 shares during the period. Empowered Funds LLC lifted its stake in shares of Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after acquiring an additional 2,220 shares during the period. Strs Ohio acquired a new position in shares of Orion Group during the first quarter valued at $175,000. Finally, Creative Planning acquired a new position in shares of Orion Group during the second quarter valued at $202,000. Institutional investors and hedge funds own 70.25% of the company’s stock.
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.
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