Orion Group Holdings Inc (NYSE:ORN) CFO Christopher James Dealmeida sold 24,925 shares of Orion Group Holdings stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $8.07, for a total value of $201,144.75. Following the sale, the chief financial officer now owns 28,367 shares of the company’s stock, valued at approximately $228,921.69. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Orion Group Holdings Inc (NYSE:ORN) traded up 0.2726% during mid-day trading on Friday, hitting $7.3199. The stock had a trading volume of 50,191 shares. Orion Group Holdings Inc has a 12 month low of $4.57 and a 12 month high of $11.11. The company’s market cap is $203.43 million. The stock’s 50-day moving average is $7.66 and its 200 day moving average is $9.04.
Orion Group Holdings (NYSE:ORN) last released its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $138.80 million for the quarter, compared to analysts’ expectations of $126.97 million. Orion Group Holdings had a net margin of 0.70% and a return on equity of 1.83%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities research analysts forecast that Orion Group Holdings Inc will post $0.33 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on the company. Canaccord Genuity reiterated a “hold” rating on shares of Orion Group Holdings in a research report on Friday, May 5th. FBR & Co reiterated a “buy” rating and set a $12.00 price target on shares of Orion Group Holdings in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded Orion Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, March 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.30.
A number of institutional investors have recently added to or reduced their stakes in ORN. Dimensional Fund Advisors LP boosted its position in Orion Group Holdings by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,808,756 shares of the construction company’s stock valued at $13,511,000 after buying an additional 240,368 shares in the last quarter. Vanguard Group Inc. boosted its position in Orion Group Holdings by 14.3% in the first quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after buying an additional 179,950 shares in the last quarter. Boston Partners boosted its position in Orion Group Holdings by 6.3% in the first quarter. Boston Partners now owns 1,416,466 shares of the construction company’s stock valued at $10,581,000 after buying an additional 83,360 shares in the last quarter. Grace & White Inc. NY boosted its position in Orion Group Holdings by 6.8% in the first quarter. Grace & White Inc. NY now owns 696,914 shares of the construction company’s stock valued at $5,206,000 after buying an additional 44,580 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Orion Group Holdings by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 660,700 shares of the construction company’s stock valued at $6,574,000 after buying an additional 102,600 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.
About Orion Group Holdings
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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