Orion Group (NYSE:ORN) Director Buys $192,400.00 in Stock

Orion Group Holdings, Inc. (NYSE:ORNGet Free Report) Director Robert Ledford acquired 20,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $9.62 per share, with a total value of $192,400.00. Following the acquisition, the director owned 43,112 shares of the company’s stock, valued at $414,737.44. This represents a 86.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Orion Group Stock Down 1.7%

NYSE:ORN opened at $10.15 on Friday. The firm’s 50-day moving average price is $13.70 and its 200-day moving average price is $13.03. The company has a market capitalization of $411.23 million, a PE ratio of 112.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. Orion Group Holdings, Inc. has a 1-year low of $6.44 and a 1-year high of $17.40.

Orion Group (NYSE:ORNGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share (EPS) 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 business had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $225.72 million. On average, equities analysts predict that Orion Group Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in shares of Orion Group by 0.6% in the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after purchasing an additional 697 shares during the period. Barclays PLC grew its position in Orion Group by 1.0% during the fourth quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock valued at $894,000 after buying an additional 888 shares during the period. Deutsche Bank AG grew its position 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 buying an additional 1,802 shares during the period. Empowered Funds LLC increased its holdings in 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 buying an additional 2,220 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Orion Group by 6.1% during the third quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock valued at $416,000 after buying an additional 2,888 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ORN. Weiss Ratings downgraded Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Oppenheimer started coverage on shares of Orion Group in a research report on Tuesday, July 7th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Roth Capital set a $15.00 price objective on shares of Orion Group in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.20.

Read Our Latest Report on ORN

About Orion Group

(Get Free Report)

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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