Orion Group Holdings Inc (NYSE:ORN) – Equities research analysts at B. Riley increased their FY2018 EPS estimates for shares of Orion Group in a research note issued on Wednesday, Zacks Investment Research reports. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.22. B. Riley currently has a “Buy” rating and a $10.00 price target on the stock.
Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The firm had revenue of $140.20 million for the quarter, compared to analyst estimates of $166.08 million. During the same period last year, the company earned $0.17 EPS. The company’s revenue was down 14.5% compared to the same quarter last year.
Orion Group (NYSE ORN) opened at $8.00 on Monday. Orion Group has a 12-month low of $5.17 and a 12-month high of $11.11. The firm has a market capitalization of $230.95, a P/E ratio of -14.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49.
Large investors have recently added to or reduced their stakes in the stock. QS Investors LLC raised its position in Orion Group by 94.3% in the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after purchasing an additional 6,613 shares during the last quarter. Stevens Capital Management LP raised its position in Orion Group by 8.7% in the second quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after purchasing an additional 1,151 shares during the last quarter. Arizona State Retirement System raised its position in Orion Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after purchasing an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Orion Group in the second quarter valued at about $133,000. Finally, Voya Investment Management LLC raised its position in Orion Group by 21.6% in the second quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after purchasing an additional 3,175 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Mark R. Stauffer sold 20,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the sale, the insider now directly owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 9,721 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total value of $72,907.50. Following the sale, the director now directly owns 31,430 shares in the company, valued at $235,725. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.
Orion Group Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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