Robert Ledford Buys 20,000 Shares of Orion Group (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Robert Ledford purchased 20,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $9.62 per share, for a total transaction of $192,400.00. Following the purchase, the director directly owned 43,112 shares of the company’s stock, valued at $414,737.44. This trade represents a 86.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Orion Group Stock Performance

Shares of NYSE:ORN opened at $10.40 on Thursday. The stock has a market capitalization of $421.02 million, a P/E ratio of 115.55 and a beta of 1.40. Orion Group Holdings, Inc. has a 1-year low of $6.44 and a 1-year high of $17.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $13.78 and a two-hundred day moving average price of $13.04.

Orion Group (NYSE:ORN) last released its earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Orion Group had a net margin of 0.40% and a return on equity of 3.07%. The business had revenue of $221.88 million for the quarter, compared to analyst estimates of $225.72 million. Equities analysts predict that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Oppenheimer assumed coverage on Orion Group in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings lowered Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Roth Capital set a $15.00 price objective on Orion Group in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Orion Group has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Institutional Investors Weigh In On Orion Group

Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its stake in Orion Group by 21.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,014,110 shares of the construction company’s stock worth $33,877,000 after purchasing an additional 357,276 shares during the period. Royal Bank of Canada raised its stake in shares of Orion Group by 55.5% in the 1st quarter. Royal Bank of Canada now owns 64,866 shares of the construction company’s stock valued at $707,000 after purchasing an additional 23,155 shares during the period. Sei Investments Co. lifted its holdings in shares of Orion Group by 102.8% in the first quarter. Sei Investments Co. now owns 386,663 shares of the construction company’s stock valued at $4,215,000 after purchasing an additional 196,041 shares in the last quarter. Globeflex Capital L P lifted its holdings in shares of Orion Group by 481.0% in the first quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after purchasing an additional 59,036 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Orion Group by 0.6% in the first quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock valued at $1,314,000 after purchasing an additional 697 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

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.