Orion Group Holdings, Inc. (NYSE:ORN) had its price objective lowered by analysts at FBR & Co from $12.00 to $10.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the construction company’s stock. FBR & Co’s price objective indicates a potential upside of 84.84% from the stock’s previous close.

ORN has been the subject of a number of other research reports. Zacks Investment Research raised shares of Orion Group Holdings from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Thursday, June 29th. Canaccord Genuity reaffirmed a “hold” rating on shares of Orion Group Holdings in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Orion Group Holdings presently has an average rating of “Hold” and an average target price of $8.25.

Shares of Orion Group Holdings (NYSE:ORN) traded down 0.92% during midday trading on Friday, hitting $5.36. 39,021 shares of the stock were exchanged. The stock’s market cap is $151.17 million. The firm’s 50-day moving average is $6.85 and its 200-day moving average is $7.84. Orion Group Holdings has a 12 month low of $5.34 and a 12 month high of $11.11.

Orion Group Holdings (NYSE:ORN) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.16. The company had revenue of $137.40 million during the quarter, compared to analysts’ expectations of $161.68 million. Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. Equities research analysts predict that Orion Group Holdings will post $0.02 earnings per share for the current year.

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In other news, COO Larry Dwayne Breaux sold 9,500 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $7.27, for a total value of $69,065.00. Following the sale, the chief operating officer now owns 99,884 shares in the company, valued at $726,156.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in ORN. Dynamic Technology Lab Private Ltd acquired a new stake in Orion Group Holdings during the second quarter worth $133,000. Argent Capital Management LLC acquired a new stake in Orion Group Holdings during the second quarter worth $1,487,000. The Manufacturers Life Insurance Company raised its stake in Orion Group Holdings by 17.6% in the second quarter. The Manufacturers Life Insurance Company now owns 24,887 shares of the construction company’s stock worth $186,000 after buying an additional 3,721 shares during the last quarter. State Street Corp raised its stake in Orion Group Holdings by 7.0% in the second quarter. State Street Corp now owns 676,107 shares of the construction company’s stock worth $5,049,000 after buying an additional 44,198 shares during the last quarter. Finally, QS Investors LLC raised its stake in Orion Group Holdings by 94.3% in the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock worth $102,000 after buying an additional 6,613 shares during the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.

Orion Group Holdings Company Profile

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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