Orion Group Holdings Inc (NYSE:ORN) – Investment analysts at B. Riley cut their Q4 2017 earnings estimates for Orion Group in a research report issued on Monday. B. Riley analyst A. Rygiel now expects that the construction company will earn $0.09 per share for the quarter, down from their prior forecast of $0.12. B. Riley currently has a “Buy” rating and a $10.00 target price on the stock.
Several other analysts also recently commented on ORN. FBR & Co decreased their price objective on shares of Orion Group from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Canaccord Genuity restated a “hold” rating and set a $7.00 price objective on shares of Orion Group in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Orion Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, ValuEngine downgraded shares of Orion Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.00.
Shares of Orion Group (NYSE ORN) opened at $7.74 on Tuesday. Orion Group has a 52-week low of $5.17 and a 52-week high of $11.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49.
Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). The business had revenue of $140.20 million for the quarter, compared to analysts’ expectations of $166.08 million. Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The company’s revenue was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the business. QS Investors LLC increased its holdings in Orion Group by 94.3% in the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after acquiring an additional 6,613 shares during the last quarter. South Dakota Investment Council increased its holdings in Orion Group by 21.1% in the 3rd quarter. South Dakota Investment Council now owns 431,159 shares of the construction company’s stock valued at $2,828,000 after acquiring an additional 75,000 shares during the last quarter. Texas Permanent School Fund increased its holdings in Orion Group by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after acquiring an additional 249 shares during the last quarter. Vanguard Group Inc. increased its holdings in Orion Group by 14.3% in the 1st quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after acquiring an additional 179,950 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Orion Group by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock valued at $14,704,000 after acquiring an additional 159,616 shares during the last quarter. Institutional investors own 85.64% of the company’s stock.
In other news, Director Austin J. Shanfelter sold 9,721 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the sale, the director now directly owns 31,430 shares in the company, valued at approximately $235,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.
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Orion Group Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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