Orion Group (NYSE:ORN) Shares Pass Above 200-Day Moving Average of $3.05

Orion Group Holdings, Inc. (NYSE:ORNGet Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.05 and traded as high as $5.20. Orion Group shares last traded at $5.15, with a volume of 493,672 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Orion Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet raised shares of Orion Group from a “d” rating to a “c-” rating in a research note on Thursday, July 27th. Finally, B. Riley raised shares of Orion Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $5.00 to $3.00 in a research note on Friday, July 28th.

Read Our Latest Report on ORN

Orion Group Stock Performance

The company’s fifty day moving average price is $3.86 and its 200 day moving average price is $3.05. The company has a market cap of $166.98 million, a PE ratio of -9.54 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.35.

Orion Group (NYSE:ORNGet Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported ($0.14) earnings per share for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $182.53 million during the quarter, compared to analyst estimates of $179.74 million. Orion Group had a negative net margin of 2.44% and a negative return on equity of 13.37%. On average, equities research analysts predict that Orion Group Holdings, Inc. will post -0.39 earnings per share for the current year.

Insider Activity

In other news, CFO Gordon Scott Thanisch acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $92,000.00. Following the completion of the transaction, the chief financial officer now owns 150,909 shares of the company’s stock, valued at $694,181.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State Street Corp increased its stake in shares of Orion Group by 4.6% in the first quarter. State Street Corp now owns 118,178 shares of the construction company’s stock worth $293,000 after buying an additional 5,207 shares during the period. BlackRock Inc. boosted its holdings in Orion Group by 0.9% in the first quarter. BlackRock Inc. now owns 596,920 shares of the construction company’s stock valued at $1,546,000 after acquiring an additional 5,413 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Orion Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 273,750 shares of the construction company’s stock valued at $651,000 after acquiring an additional 6,615 shares in the last quarter. Boston Partners boosted its holdings in Orion Group by 2.1% in the second quarter. Boston Partners now owns 328,277 shares of the construction company’s stock valued at $922,000 after acquiring an additional 6,710 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Orion Group by 84.3% in the third quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock valued at $42,000 after acquiring an additional 7,397 shares in the last quarter. 56.33% of the stock is owned by hedge funds and other institutional investors.

Orion Group Company Profile

(Get Free Report)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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