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

Orion Group Holdings, Inc. (NYSE:ORN) EVP Edward Chipman Earle purchased 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $9.81 per share, for a total transaction of $49,050.00. Following the purchase, the executive vice president owned 150,042 shares in the company, valued at approximately $1,471,912.02. The trade was a 3.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Orion Group Trading Up 2.1%

ORN opened at $10.40 on Thursday. The company’s 50 day moving average is $13.78 and its 200-day moving average is $13.04. The company has a market cap of $421.02 million, a P/E ratio of 115.55 and a beta of 1.40. Orion Group Holdings, Inc. has a 1-year low of $6.44 and a 1-year high of $17.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62.

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 the consensus estimate of $0.06 by ($0.04). The company 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%. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research cut Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Roth Capital set a $15.00 price objective on shares of Orion Group in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Weiss Ratings cut shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Finally, Oppenheimer initiated coverage on shares of Orion Group in a report on Tuesday, July 7th. They set an “outperform” rating and a $20.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Simcoe Capital LLC purchased a new position in shares of Orion Group during the 4th quarter valued at $4,509,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Orion Group in the 4th quarter worth about $2,977,000. CenterBook Partners LP grew its position in Orion Group by 33.1% during the fourth quarter. CenterBook Partners LP now owns 720,561 shares of the construction company’s stock valued at $7,162,000 after acquiring an additional 179,050 shares during the last quarter. Globeflex Capital L P grew its holdings in shares of Orion Group by 481.0% during the 1st quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after purchasing an additional 59,036 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Orion Group by 129.9% during the fourth quarter. GSA Capital Partners LLP now owns 106,863 shares of the construction company’s stock valued at $1,062,000 after buying an additional 60,373 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

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.