Orion Group (NYSE:ORN) Director Mary Sullivan Buys 3,000 Shares

Orion Group Holdings, Inc. (NYSE:ORN) Director Mary Sullivan bought 3,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the transaction, the director owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Orion Group Stock Up 2.3%

Shares of NYSE ORN opened at $10.22 on Wednesday. The company has a market cap of $413.97 million, a price-to-earnings ratio of 113.61 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. Orion Group Holdings, Inc. has a 12 month low of $6.44 and a 12 month high of $17.40. The stock has a 50-day moving average price of $13.86 and a two-hundred day moving average price of $13.04.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $221.88 million during the quarter, compared to analyst estimates of $225.72 million. Orion Group had a net margin of 0.40% and a return on equity of 3.07%. As a group, analysts forecast that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Group

A number of institutional investors have recently made changes to their positions in ORN. Wasatch Advisors LP bought a new stake in shares of Orion Group in the 2nd quarter valued at about $12,885,000. Invesco Ltd. raised its position in shares of Orion Group by 79.4% during the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock worth $10,578,000 after acquiring an additional 562,863 shares during the last quarter. Simcoe Capital LLC bought a new position in shares of Orion Group during the fourth quarter worth about $4,509,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Orion Group in the fourth quarter worth approximately $2,977,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Orion Group by 727.0% in the second quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock worth $2,569,000 after acquiring an additional 248,988 shares during the period. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Orion Group in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price on the stock. Roth Capital set a $15.00 price target on shares of Orion Group in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Zacks Research downgraded Orion Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings lowered Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

About Orion Group

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.