Quentin P. Jr. Smith Buys 1,400 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin P. Jr. Smith acquired 1,400 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $7.45 per share, for a total transaction of $10,430.00. Following the purchase, the director now directly owns 78,678 shares of the company’s stock, valued at $586,151.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Orion Group Stock Down 1.4 %

Shares of ORN opened at $7.48 on Friday. The business’s 50 day moving average is $7.98 and its 200 day moving average is $6.12. The company has a market capitalization of $245.79 million, a PE ratio of -21.37, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. Orion Group Holdings, Inc. has a 12-month low of $2.38 and a 12-month high of $9.84. 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 earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The company had revenue of $160.67 million for the quarter, compared to the consensus estimate of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. Research analysts expect that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ORN. StockNews.com downgraded Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. B. Riley reissued a “buy” rating and set a $9.50 target price (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.

Institutional Trading of Orion Group

Hedge funds have recently modified their holdings of the company. AJOVista LLC purchased a new stake in shares of Orion Group during the 4th quarter worth approximately $51,000. Tower Research Capital LLC TRC raised its holdings in shares of Orion Group by 2,851.4% during 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 in the last quarter. Jump Financial LLC purchased a new stake in shares of Orion Group during the 4th quarter worth approximately $82,000. Citigroup Inc. purchased a new stake in shares of Orion Group during the 3rd quarter worth approximately $98,000. Finally, Belvedere Trading LLC purchased a new stake in shares of Orion Group during the 3rd quarter worth approximately $112,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.