Orion Group (NYSE:ORN) EVP Edward Chipman Earle Buys 5,000 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORN) EVP Edward Chipman Earle acquired 5,000 shares of Orion Group stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $9.81 per share, with a total value of $49,050.00. Following the purchase, the executive vice president directly owned 150,042 shares of the company’s stock, valued at $1,471,912.02. This represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Orion Group Stock Up 2.3%

Orion Group stock opened at $10.22 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm has a market cap of $413.97 million, a P/E ratio of 113.61 and a beta of 1.40. The business has a fifty day moving average of $13.86 and a two-hundred day moving average of $13.04. Orion Group Holdings, Inc. has a twelve month low of $6.44 and a twelve month high of $17.40.

Orion Group (NYSE:ORN) last announced 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). The company had revenue of $221.88 million during the quarter, compared to analysts’ expectations of $225.72 million. Orion Group had a net margin of 0.40% and a return on equity of 3.07%. On average, analysts forecast that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in Orion Group during the 3rd quarter worth approximately $33,000. Comerica Bank lifted its stake in shares of Orion Group by 219.7% during the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after buying an additional 3,562 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Orion Group during the first quarter valued at $52,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Orion Group in the 3rd quarter valued at $86,000. Finally, Millennium Management LLC purchased a new position in Orion Group in the 3rd quarter worth $91,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ORN. Weiss Ratings downgraded shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Oppenheimer began coverage on shares of Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price target on the stock. Zacks Research downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Finally, Roth Capital set a $15.00 target price on shares of Orion Group in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.