Orion Group (NYSE:ORN) Director Quentin Jr. Smith Sells 10,695 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin Jr. Smith sold 10,695 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the completion of the sale, the director directly owned 90,659 shares in the company, valued at approximately $1,110,572.75. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Orion Group Price Performance

Shares of NYSE:ORN opened at $11.71 on Wednesday. The company has a 50 day moving average of $12.31 and a 200 day moving average of $10.26. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.08. The stock has a market cap of $469.45 million, a P/E ratio of 234.24 and a beta of 1.15. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $15.00.

Orion Group (NYSE:ORN) last posted its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The business had revenue of $233.22 million for the quarter, compared to analysts’ expectations of $222.42 million. As a group, sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ORN has been the subject of several research analyst reports. B. Riley Financial lifted their price objective on Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research note on Thursday, January 22nd. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Roth Mkm initiated coverage on Orion Group in a report on Tuesday, February 10th. They set a “buy” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Orion Group by 1.0% in the fourth quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock valued at $894,000 after acquiring an additional 888 shares during the last quarter. Deutsche Bank AG lifted its stake in Orion Group by 5.7% during the fourth quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after purchasing an additional 1,802 shares during the last quarter. Empowered Funds LLC lifted its stake in Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Orion Group by 20.7% in the 3rd quarter. OLD National Bancorp IN now owns 16,047 shares of the construction company’s stock worth $134,000 after purchasing an additional 2,751 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Orion Group by 171.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after purchasing an additional 2,832 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.