De Lisle Partners LLP Acquires New Position in Orion Group Holdings, Inc. $ORN

De Lisle Partners LLP acquired a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 419,651 shares of the construction company’s stock, valued at approximately $7,067,000.

A number of other large investors also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of Orion Group by 0.6% in the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock valued at $1,314,000 after acquiring an additional 697 shares during the last quarter. Barclays PLC lifted its stake in Orion Group by 1.0% during the fourth quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after purchasing an additional 888 shares during the last quarter. Deutsche Bank AG boosted its holdings in Orion Group by 5.7% in the fourth quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after purchasing an additional 1,802 shares during the period. Empowered Funds LLC boosted its holdings in Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Orion Group by 6.1% in the third quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock worth $416,000 after purchasing an additional 2,888 shares during the period. Institutional investors own 70.25% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert Ledford bought 20,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the transaction, the director owned 43,112 shares in the company, valued at approximately $414,737.44. This trade represents a 86.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary E. Sullivan purchased 3,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the purchase, the director directly owned 277,904 shares of the company’s stock, valued at $2,720,680.16. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 28,000 shares of company stock valued at $270,820 in the last quarter. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORN. Oppenheimer started coverage on shares of Orion Group in a report on Tuesday, July 7th. They set an “outperform” rating and a $20.00 target price on the stock. Roth Capital set a $15.00 price target on shares of Orion Group in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Wall Street Zen cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.20.

Orion Group Price Performance

Shares of ORN opened at $9.26 on Friday. Orion Group Holdings, Inc. has a 12 month low of $6.60 and a 12 month high of $17.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. The stock has a fifty day moving average price of $12.78 and a 200 day moving average price of $12.85. The company has a market cap of $374.94 million, a P/E ratio of 102.90 and a beta of 1.40.

Orion Group (NYSE:ORN) last posted its 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). Orion Group had a net margin of 0.40% and a return on equity of 3.07%. The company had revenue of $221.88 million during the quarter, compared to the consensus estimate of $225.72 million. On average, research analysts forecast that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current year.

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.