Dimensional Fund Advisors LP Has $12.99 Million Stock Holdings in Orion Group Holdings, Inc. (NYSE:ORN)

Dimensional Fund Advisors LP decreased its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,772,172 shares of the construction company’s stock after selling 132,836 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.56% of Orion Group worth $12,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in Orion Group during the fourth quarter valued at about $49,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Orion Group by 1,936.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after acquiring an additional 8,965 shares during the last quarter. Perritt Capital Management Inc bought a new position in shares of Orion Group in the 4th quarter valued at approximately $73,000. Aigen Investment Management LP acquired a new stake in Orion Group in the 4th quarter worth approximately $80,000. Finally, Raymond James Financial Inc. bought a new stake in Orion Group during the fourth quarter worth approximately $88,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORN. B. Riley upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Finally, DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target on the stock.

Orion Group Trading Down 0.4 %

Shares of ORN stock opened at $7.69 on Friday. The firm has a market capitalization of $304.17 million, a P/E ratio of -19.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12. The firm’s fifty day simple moving average is $5.91 and its 200 day simple moving average is $7.07. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The company had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. As a group, sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Orion Group 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.