Orion Group (NYSE:ORN) Posts Earnings Results, Misses Estimates By $0.01 EPS

Orion Group (NYSE:ORN) posted its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), Zacks reports. Orion Group had a return on equity of 3.07% and a net margin of 0.40%.

Orion Group Stock Performance

Shares of NYSE:ORN traded up $0.38 during trading on Tuesday, hitting $9.16. 933,945 shares of the company were exchanged, compared to its average volume of 440,317. The company has a market cap of $371.01 million, a PE ratio of 101.82 and a beta of 1.43. The stock has a 50 day moving average of $9.05 and a 200 day moving average of $11.83. Orion Group has a 52-week low of $8.15 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51.

Analyst Upgrades and Downgrades

ORN has been the topic of several recent analyst reports. Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. 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 report on Thursday, July 30th. Weiss Ratings lowered shares of Orion Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Roth Capital set a $15.00 price target on Orion Group in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, Orion Group has a consensus rating of “Hold” and an average price target of $14.75.

Insider Transactions at Orion Group

In related news, Director Mary E. Sullivan bought 3,000 shares of the business’s stock in a transaction on 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 purchase, the director directly owned 277,904 shares in the company, valued at $2,720,680.16. This trade represents 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 through the SEC website. Also, Director Robert Ledford bought 20,000 shares of Orion Group stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $9.62 per share, with a total value of $192,400.00. Following the acquisition, the director directly owned 43,112 shares in the company, valued at approximately $414,737.44. This represents a 86.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 28,000 shares of company stock valued at $270,820 over the last three months. Company insiders own 5.70% of the company’s stock.

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.