Orion Group (NYSE:ORN) Director Robert Ledford Acquires 20,000 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Robert Ledford purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $9.62 per share, with a total value of $192,400.00. Following the transaction, the director directly owned 43,112 shares of the company’s stock, valued at $414,737.44. The trade was a 86.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Orion Group Stock Up 2.3%

Shares of ORN opened at $10.22 on Wednesday. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $17.40. The company’s fifty day moving average is $13.86 and its two-hundred day moving average is $13.04. The firm has a market cap of $413.97 million, a PE ratio of 113.61 and a beta of 1.40. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62.

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

Analyst Ratings Changes

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

Institutional Trading of Orion Group

Several large investors have recently added to or reduced their stakes in ORN. Quarry LP acquired a new position in shares of Orion Group during the third quarter worth about $33,000. Fifth Third Bancorp acquired a new stake in shares of Orion Group in the first quarter valued at about $52,000. Comerica Bank grew its stake in shares of Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of Orion Group during the 4th quarter valued at about $100,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Orion Group during the 3rd quarter valued at about $86,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.