Travis J. Boone Purchases 2,160 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone purchased 2,160 shares of Orion Group stock in a transaction on Tuesday, April 30th. The shares were acquired at an average cost of $6.97 per share, for a total transaction of $15,055.20. Following the purchase, the chief executive officer now owns 485,019 shares in the company, valued at $3,380,582.43. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Orion Group Trading Up 4.1 %

Shares of ORN opened at $7.40 on Thursday. Orion Group Holdings, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $9.84. The company’s fifty day moving average is $7.91 and its two-hundred day moving average is $6.09. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The firm had revenue of $160.67 million for the quarter, compared to analysts’ expectations of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. Equities analysts predict that Orion Group Holdings, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $9.50 target price (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Institutional Trading of Orion Group

Institutional investors and hedge funds have recently bought and sold shares of the business. AJOVista LLC acquired a new position in Orion Group during the fourth quarter valued at approximately $51,000. Tower Research Capital LLC TRC lifted its holdings in shares of Orion Group by 2,851.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after acquiring an additional 10,094 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Orion Group during the 4th quarter valued at $82,000. Citigroup Inc. purchased a new stake in Orion Group during the 3rd quarter worth $98,000. Finally, Belvedere Trading LLC purchased a new position in Orion Group in the third quarter valued at about $112,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Company Profile

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.