Orion Group (ORN) Reaches New 1-Year Low at $4.12

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Shares of Orion Group Holdings Inc (NYSE:ORN) reached a new 52-week low during trading on Thursday . The stock traded as low as $4.12 and last traded at $4.19, with a volume of 205313 shares trading hands. The stock had previously closed at $4.25.

Several analysts have recently commented on ORN shares. ValuEngine cut Orion Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. B. Riley reaffirmed a “neutral” rating and set a $7.00 price objective (down from $11.00) on shares of Orion Group in a report on Friday, October 19th. Finally, Canaccord Genuity reduced their price objective on Orion Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.63.

The firm has a market capitalization of $121.37 million, a PE ratio of -30.14 and a beta of 1.48. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Thursday, November 1st. The construction company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02. The firm had revenue of $125.07 million during the quarter, compared to analysts’ expectations of $140.40 million. Orion Group had a return on equity of 0.38% and a net margin of 1.63%. As a group, research analysts predict that Orion Group Holdings Inc will post -0.25 EPS for the current fiscal year.

In related news, Director Austin J. Shanfelter sold 4,606 shares of Orion Group stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.08, for a total transaction of $37,216.48. Following the completion of the transaction, the director now directly owns 33,292 shares of the company’s stock, valued at $268,999.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of ORN. BlackRock Inc. increased its position in Orion Group by 6.9% during the third quarter. BlackRock Inc. now owns 4,296,844 shares of the construction company’s stock worth $32,442,000 after buying an additional 278,938 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Orion Group by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,422,283 shares of the construction company’s stock worth $18,288,000 after buying an additional 71,779 shares in the last quarter. Vanguard Group Inc. increased its position in Orion Group by 6.6% during the third quarter. Vanguard Group Inc. now owns 1,817,598 shares of the construction company’s stock worth $13,723,000 after buying an additional 112,379 shares in the last quarter. Renaissance Technologies LLC increased its position in Orion Group by 29.3% during the third quarter. Renaissance Technologies LLC now owns 679,289 shares of the construction company’s stock worth $5,129,000 after buying an additional 154,074 shares in the last quarter. Finally, Bridgeway Capital Management Inc. increased its position in Orion Group by 24.7% during the third quarter. Bridgeway Capital Management Inc. now owns 390,044 shares of the construction company’s stock worth $2,945,000 after buying an additional 77,200 shares in the last quarter. 88.50% of the stock is owned by hedge funds and other institutional investors.

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About Orion Group (NYSE:ORN)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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