Brandes Investment Partners LP Raises Stock Holdings in Orion Group Holdings, Inc. $ORN

Brandes Investment Partners LP lifted its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,010,193 shares of the construction company’s stock after acquiring an additional 56,663 shares during the period. Brandes Investment Partners LP owned 0.13% of Orion Group worth $49,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ORN. AQR Capital Management LLC boosted its stake in shares of Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 187,819 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Orion Group by 55.7% in the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock worth $131,000 after acquiring an additional 8,945 shares during the period. Empowered Funds LLC boosted its stake in shares of Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares during the period. Strs Ohio bought a new position in shares of Orion Group in the first quarter worth about $175,000. Finally, Creative Planning bought a new position in shares of Orion Group in the second quarter worth about $202,000. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. B. Riley Financial upped their price objective on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Roth Mkm started coverage on Orion Group in a research note on Tuesday, February 10th. They issued 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 issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.00.

Insider Activity

In other news, Director Margaret M. Foran sold 10,695 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total value of $167,911.50. Following the completion of the sale, the director directly owned 116,846 shares of the company’s stock, valued at $1,834,482.20. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 40,695 shares of company stock valued at $606,512. 5.70% of the stock is owned by company insiders.

Orion Group Price Performance

NYSE:ORN opened at $13.81 on Wednesday. The firm has a market capitalization of $558.95 million, a price-to-earnings ratio of 65.76 and a beta of 1.37. Orion Group Holdings, Inc. has a 1 year low of $6.44 and a 1 year high of $15.85. The business has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $12.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $216.30 million during the quarter, compared to analyst estimates of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Equities analysts forecast that Orion Group Holdings, Inc. will post 0.26 EPS for the current year.

About Orion Group

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.