FY2024 EPS Estimates for Orion Group Holdings, Inc. (NYSE:ORN) Raised by Sidoti Csr

Orion Group Holdings, Inc. (NYSE:ORN) – Analysts at Sidoti Csr increased their FY2024 earnings estimates for shares of Orion Group in a research note issued to investors on Friday, April 26th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings of $0.31 per share for the year, up from their prior estimate of $0.26. The consensus estimate for Orion Group’s current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for Orion Group’s Q2 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.53 EPS.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The firm had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million.

Several other research firms have also recently issued reports on ORN. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reissued a “buy” rating and issued a $9.50 price objective (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Price Performance

Orion Group stock opened at $7.42 on Monday. The stock has a market cap of $240.72 million, a price-to-earnings ratio of -21.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.25. Orion Group has a 1 year low of $2.35 and a 1 year high of $9.84. The firm has a 50-day moving average of $7.88 and a two-hundred day moving average of $6.07.

Institutional Trading of Orion Group

A number of hedge funds have recently added to or reduced their stakes in ORN. Assenagon Asset Management S.A. lifted its holdings in Orion Group by 806.6% during the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock valued at $2,106,000 after purchasing an additional 228,533 shares in the last quarter. G2 Investment Partners Management LLC raised its position in shares of Orion Group by 715.1% in the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock valued at $2,381,000 after buying an additional 422,842 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Orion Group by 2,851.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after buying an additional 10,094 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Orion Group by 29.8% in the fourth quarter. Essex Investment Management Co. LLC now owns 368,981 shares of the construction company’s stock valued at $1,823,000 after buying an additional 84,657 shares during the last quarter. Finally, Boston Partners raised its position in shares of Orion Group by 10.6% in the fourth quarter. Boston Partners now owns 283,655 shares of the construction company’s stock valued at $1,401,000 after buying an additional 27,164 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Orion Group

In other news, EVP Edward Chipman Earle acquired 8,000 shares of Orion Group stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the purchase, the executive vice president now directly owns 69,602 shares in the company, valued at approximately $478,861.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Edward Chipman Earle purchased 8,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the purchase, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Travis J. Boone purchased 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the purchase, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 22,430 shares of company stock valued at $156,340. Company insiders own 7.30% of the company’s stock.

About Orion Group

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.