Orion Group Holdings Inc (ORN) Given Average Recommendation of “Hold” by Analysts
Shares of Orion Group Holdings Inc (NYSE:ORN) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.83.
Several research firms recently weighed in on ORN. Zacks Investment Research upgraded Orion Group Holdings from a “sell” rating to a “hold” rating in a report on Tuesday. FBR & Co restated a “buy” rating and issued a $12.00 target price on shares of Orion Group Holdings in a report on Monday. Finally, Canaccord Genuity restated a “hold” rating on shares of Orion Group Holdings in a report on Monday.
In other news, CFO Christopher James Dealmeida sold 24,925 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $8.07, for a total transaction of $201,144.75. Following the completion of the transaction, the chief financial officer now directly owns 28,367 shares in the company, valued at $228,921.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.17% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ORN. Dimensional Fund Advisors LP raised its position in shares of Orion Group Holdings by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,568,388 shares of the construction company’s stock worth $15,606,000 after buying an additional 194,336 shares during the period. Comerica Bank boosted its stake in Orion Group Holdings by 3.1% in the fourth quarter. Comerica Bank now owns 29,397 shares of the construction company’s stock worth $301,000 after buying an additional 892 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Orion Group Holdings during the fourth quarter worth about $1,299,000. Acrospire Investment Management LLC purchased a new stake in Orion Group Holdings during the third quarter worth about $111,000. Finally, Renaissance Technologies LLC boosted its stake in Orion Group Holdings by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 660,700 shares of the construction company’s stock worth $6,574,000 after buying an additional 102,600 shares in the last quarter. Institutional investors own 86.75% of the company’s stock.
Orion Group Holdings (NYSE:ORN) traded down 1.10% on Friday, reaching $7.22. 110,416 shares of the company traded hands. Orion Group Holdings has a 52-week low of $4.57 and a 52-week high of $11.11. The stock’s market capitalization is $200.65 million. The firm has a 50 day moving average price of $7.66 and a 200 day moving average price of $9.04.
Orion Group Holdings (NYSE:ORN) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $138.80 million for the quarter, compared to analyst estimates of $126.97 million. Orion Group Holdings had a net margin of 0.70% and a return on equity of 1.83%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Orion Group Holdings will post $0.33 EPS for the current year.
About Orion Group Holdings
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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