Mary Sullivan Acquires 3,000 Shares of Orion Group (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Mary Sullivan purchased 3,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the completion of the transaction, the director directly owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Orion Group Price Performance

Shares of Orion Group stock traded up $0.23 during trading on Tuesday, hitting $10.22. 661,486 shares of the company were exchanged, compared to its average volume of 431,946. Orion Group Holdings, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $17.40. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $13.94 and a 200 day moving average price of $13.04. The stock has a market capitalization of $414.02 million, a price-to-earnings ratio of 113.61 and a beta of 1.34.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The company had revenue of $221.88 million during the quarter, compared to analyst estimates of $225.72 million. On average, equities analysts expect that Orion Group Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

A number of large investors have recently modified their holdings of ORN. Quarry LP acquired a new position in shares of Orion Group in the 3rd quarter valued at about $33,000. Fifth Third Bancorp acquired a new stake in Orion Group during the 1st quarter worth approximately $52,000. Comerica Bank raised its holdings in Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares during the period. OpenArc Corporate Advisory LLC purchased a new position in Orion Group in the fourth quarter valued at approximately $100,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Orion Group during the third quarter valued at approximately $86,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer started coverage on shares of Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Roth Capital set a $15.00 price objective on shares of Orion Group in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion Group presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Orion Group Company Profile

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.