Orion Group Holdings Inc (NYSE:ORN) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.83.
A number of analysts recently issued reports on the stock. FBR & Co increased their price target on shares of Orion Group Holdings from $9.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, January 26th. Zacks Investment Research downgraded shares of Orion Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, March 16th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Orion Group Holdings in a report on Monday, May 15th.
In other Orion Group Holdings news, CFO Christopher James Dealmeida sold 6,289 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $7.51, for a total transaction of $47,230.39. Following the transaction, the chief financial officer now directly owns 33,325 shares of the company’s stock, valued at $250,270.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ORN. Trexquant Investment LP bought a new position in Orion Group Holdings during the fourth quarter valued at about $105,000. Arizona State Retirement System increased its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Orion Group Holdings by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,840 shares of the construction company’s stock valued at $148,000 after buying an additional 860 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Orion Group Holdings during the third quarter valued at about $111,000. Finally, Wexford Capital LP bought a new position in Orion Group Holdings during the fourth quarter valued at about $170,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.
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Orion Group Holdings (NYSE:ORN) opened at 7.22 on Friday. The company’s market cap is $200.65 million. The firm’s 50 day moving average is $7.65 and its 200-day moving average is $9.04. Orion Group Holdings has a 52 week low of $4.57 and a 52 week high of $11.11.
Orion Group Holdings (NYSE:ORN) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. Orion Group Holdings had a return on equity of 1.83% and a net margin of 0.70%. The firm had revenue of $138.80 million for the quarter, compared to analysts’ expectations of $126.97 million. During the same period last year, the company posted ($0.04) earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Orion Group Holdings will post $0.33 earnings per share for the current fiscal year.
Orion Group Holdings 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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