Orion Group Holdings, Inc. (NYSE:ORN) had its target price lowered by Canaccord Genuity from $9.00 to $7.00 in a report published on Friday morning. The brokerage currently has a hold rating on the construction company’s stock.

ORN has been the topic of a number of other reports. FBR & Co reaffirmed a buy rating and set a $12.00 price objective on shares of Orion Group Holdings in a research report on Monday, May 15th. Zacks Investment Research raised Orion Group Holdings from a sell rating to a hold rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $8.30.

Shares of Orion Group Holdings (ORN) opened at 6.29 on Friday. Orion Group Holdings has a one year low of $5.59 and a one year high of $11.11. The stock has a 50 day moving average of $7.27 and a 200-day moving average of $8.18. The stock’s market capitalization is $174.81 million.

Orion Group Holdings (NYSE:ORN) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.16. The firm had revenue of $137.40 million for the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Equities analysts forecast that Orion Group Holdings will post $0.33 earnings per share for the current year.

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In related news, CFO Christopher James Dealmeida sold 24,925 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $8.07, for a total value of $201,144.75. Following the transaction, the chief financial officer now directly owns 28,367 shares of the company’s stock, valued at approximately $228,921.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Larry Dwayne Breaux sold 9,500 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.27, for a total value of $69,065.00. Following the completion of the transaction, the chief operating officer now directly owns 99,884 shares in the company, valued at $726,156.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,214 shares of company stock worth $342,675. Insiders own 8.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORN. Arizona State Retirement System boosted its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Orion Group Holdings by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,840 shares of the construction company’s stock worth $148,000 after buying an additional 860 shares in the last quarter. Trexquant Investment LP boosted its position in Orion Group Holdings by 41.0% in the first quarter. Trexquant Investment LP now owns 14,848 shares of the construction company’s stock worth $111,000 after buying an additional 4,316 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in Orion Group Holdings during the fourth quarter worth approximately $179,000. Finally, LS Investment Advisors LLC boosted its position in Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock worth $140,000 after buying an additional 17,790 shares in the last quarter. 90.44% of the stock is currently owned by institutional investors.

Orion Group Holdings 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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