Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin P. Jr. Smith Acquires 1,400 Shares

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin P. Jr. Smith bought 1,400 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $7.45 per share, with a total value of $10,430.00. Following the acquisition, the director now owns 78,678 shares of the company’s stock, valued at $586,151.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Orion Group Trading Down 1.4 %

Shares of ORN opened at $7.48 on Friday. Orion Group Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $9.84. The stock has a fifty day moving average price of $7.98 and a 200-day moving average price of $6.12. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.06. The firm had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. On average, research analysts expect that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $9.50 target price (up previously from $6.25) on shares of Orion Group in a report on Thursday, March 14th. StockNews.com lowered Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Hedge Funds Weigh In On Orion Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AJOVista LLC purchased a new position in Orion Group in the 4th quarter worth $51,000. Tower Research Capital LLC TRC raised its stake in Orion Group by 2,851.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after acquiring an additional 10,094 shares during the last quarter. Jump Financial LLC purchased a new position in Orion Group in the 4th quarter worth $82,000. Citigroup Inc. purchased a new position in Orion Group in the 3rd quarter worth $98,000. Finally, Belvedere Trading LLC purchased a new position in Orion Group in the 3rd quarter worth $112,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

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