Orion Group (NYSE:ORN) Announces Earnings Results

Orion Group (NYSE:ORN) posted its quarterly earnings results on Tuesday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03, reports. Orion Group had a return on equity of 3.07% and a net margin of 0.40%. The company had revenue of $256.15 million for the quarter, compared to the consensus estimate of $245.98 million.

Orion Group Stock Performance

Shares of NYSE:ORN traded up $0.18 during mid-day trading on Thursday, reaching $8.48. 212,747 shares of the company traded hands, compared to its average volume of 445,385. The firm has a market cap of $343.60 million, a PE ratio of 94.84 and a beta of 1.43. Orion Group has a 52 week low of $8.15 and a 52 week high of $17.40. The company’s 50 day moving average price is $9.01 and its 200-day moving average price is $11.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51.

Insider Buying and Selling

In related news, EVP Edward Earle purchased 5,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $9.81 per share, for a total transaction of $49,050.00. Following the completion of the transaction, the executive vice president directly owned 150,042 shares in the company, valued at $1,471,912.02. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary E. Sullivan acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $9.79 per share, with a total value of $29,370.00. Following the acquisition, the director directly owned 277,904 shares in the company, valued at $2,720,680.16. This represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 28,000 shares of company stock valued at $270,820. Corporate insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ORN shares. Oppenheimer reduced their price objective on shares of Orion Group from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Orion Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 22nd. Wall Street Zen cut Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. cut their target price on Orion Group from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.75.

About Orion Group

Orion Group Holdings, Inc (NYSE:ORN) is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion’s marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.