Orion Group Holdings, Inc. (NYSE:ORN) EVP Purchases $94,579.65 in Stock

Orion Group Holdings, Inc. (NYSE:ORN) EVP Edward Chipman Earle bought 15,633 shares of the company’s stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $6.05 per share, with a total value of $94,579.65. Following the completion of the transaction, the executive vice president now directly owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Orion Group Trading Up 4.8 %

Shares of ORN traded up $0.29 during mid-day trading on Monday, reaching $6.34. 375,772 shares of the company were exchanged, compared to its average volume of 398,357. Orion Group Holdings, Inc. has a 52 week low of $4.09 and a 52 week high of $12.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.32 and a current ratio of 1.33. The stock has a market capitalization of $208.31 million, a PE ratio of -18.31, a PEG ratio of 3.53 and a beta of 0.83. The business has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $8.42.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The company had revenue of $192.17 million for the quarter, compared to the consensus estimate of $194.83 million. During the same quarter last year, the business earned ($0.14) earnings per share. On average, analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Orion Group by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock worth $17,907,000 after acquiring an additional 46,079 shares during the last quarter. Gendell Jeffrey L grew its stake in Orion Group by 25.2% during the first quarter. Gendell Jeffrey L now owns 819,566 shares of the construction company’s stock worth $6,720,000 after purchasing an additional 164,755 shares during the period. Russell Investments Group Ltd. grew its stake in Orion Group by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 659,197 shares of the construction company’s stock worth $5,405,000 after purchasing an additional 28,712 shares during the period. G2 Investment Partners Management LLC grew its stake in Orion Group by 715.1% during the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 422,842 shares during the period. Finally, American Century Companies Inc. grew its stake in Orion Group by 311.9% during the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock worth $4,312,000 after purchasing an additional 343,368 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their target price on Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research report on Tuesday, June 4th.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.