Orion Group Holdings Inc (NYSE:ORN)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $4.50 and last traded at $4.52, with a volume of 3697 shares. The stock had previously closed at $4.85.
A number of equities analysts recently commented on the stock. B. Riley boosted their price objective on shares of Orion Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine raised Orion Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Canaccord Genuity reduced their price target on Orion Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, October 19th. Zacks Investment Research downgraded Orion Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Noble Financial set a $10.00 price target on Orion Group and gave the stock a “buy” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.63.
The stock has a market capitalization of $140.12 million, a PE ratio of -31.43 and a beta of 1.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.55.
Orion Group (NYSE:ORN) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $125.07 million for the quarter, compared to the consensus estimate of $140.40 million. Orion Group had a return on equity of 0.38% and a net margin of 1.63%. Research analysts predict that Orion Group Holdings Inc will post -0.26 EPS for the current fiscal year.
In other news, Director Austin J. Shanfelter sold 12,064 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $9.28, for a total transaction of $111,953.92. Following the transaction, the director now directly owns 34,686 shares of the company’s stock, valued at $321,886.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 4,606 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $8.08, for a total value of $37,216.48. Following the transaction, the director now directly owns 33,292 shares in the company, valued at $268,999.36. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,350,504 shares of the construction company’s stock valued at $19,415,000 after acquiring an additional 126,243 shares during the period. Foundry Partners LLC increased its position in shares of Orion Group by 3.0% in the 2nd quarter. Foundry Partners LLC now owns 873,124 shares of the construction company’s stock valued at $7,212,000 after acquiring an additional 25,500 shares during the period. Alambic Investment Management L.P. acquired a new position in shares of Orion Group in the 2nd quarter valued at $314,000. Municipal Employees Retirement System of Michigan increased its position in shares of Orion Group by 207.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,059 shares of the construction company’s stock valued at $265,000 after acquiring an additional 21,629 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Orion Group in the 2nd quarter valued at $440,000. 88.56% of the stock is currently owned by hedge funds and other institutional investors.
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About Orion Group (NYSE:ORN)
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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