North Star Investment Management Corp. Makes New $763,000 Investment in Orion Group Holdings, Inc. $ORN

North Star Investment Management Corp. bought a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 70,000 shares of the construction company’s stock, valued at approximately $763,000. North Star Investment Management Corp. owned 0.17% of Orion Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP acquired a new position in shares of Orion Group during the second quarter valued at about $12,885,000. Invesco Ltd. increased its position in Orion Group by 79.4% in the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after buying an additional 562,863 shares in the last quarter. Simcoe Capital LLC bought a new stake in Orion Group in the 4th quarter valued at about $4,509,000. Allspring Global Investments Holdings LLC acquired a new position in Orion Group during the 4th quarter worth approximately $2,977,000. Finally, JPMorgan Chase & Co. raised its stake in Orion Group by 727.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock worth $2,569,000 after buying an additional 248,988 shares during the period. 70.25% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Margaret M. Foran sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $14.62, for a total value of $292,400.00. Following the completion of the transaction, the director directly owned 137,541 shares of the company’s stock, valued at $2,010,849.42. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 40,695 shares of company stock valued at $606,512 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORN shares. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. B. Riley Financial increased their target price on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $17.00.

Orion Group Price Performance

ORN opened at $17.09 on Tuesday. Orion Group Holdings, Inc. has a 1 year low of $6.44 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. The company has a market capitalization of $691.80 million, a price-to-earnings ratio of 81.38 and a beta of 1.37. The firm’s fifty day moving average price is $14.28 and its two-hundred day moving average price is $12.58.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. The company had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.12 million. As a group, analysts anticipate that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Orion Group 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.