First Wilshire Securities Management Inc. Takes $4.81 Million Position in Orion Group Holdings, Inc. $ORN

First Wilshire Securities Management Inc. purchased a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 530,670 shares of the construction company’s stock, valued at approximately $4,813,000. Orion Group makes up 1.3% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 25th largest holding. First Wilshire Securities Management Inc. owned 1.34% of Orion Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brandes Investment Partners LP boosted its position in Orion Group by 1.2% in the 2nd quarter. Brandes Investment Partners LP now owns 4,324,589 shares of the construction company’s stock valued at $39,224,000 after buying an additional 51,112 shares during the last quarter. Grace & White Inc. NY raised its position in shares of Orion Group by 1.5% during the second quarter. Grace & White Inc. NY now owns 1,007,797 shares of the construction company’s stock worth $9,141,000 after acquiring an additional 15,000 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Orion Group by 28.4% during the first quarter. American Century Companies Inc. now owns 868,327 shares of the construction company’s stock valued at $4,541,000 after acquiring an additional 192,229 shares during the period. Geode Capital Management LLC boosted its holdings in Orion Group by 6.7% in the second quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company’s stock valued at $7,800,000 after acquiring an additional 54,345 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Orion Group by 6.1% in the first quarter. Invesco Ltd. now owns 742,770 shares of the construction company’s stock valued at $3,885,000 after acquiring an additional 42,392 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Orion Group Trading Down 1.1%

NYSE ORN opened at $10.26 on Monday. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $11.49. The stock has a 50-day simple moving average of $9.34 and a 200 day simple moving average of $8.55. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $409.41 million, a PE ratio of 44.61, a P/E/G ratio of 4.56 and a beta of 1.20.

Orion Group (NYSE:ORN) last posted its earnings results on Wednesday, September 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $194.58 million for the quarter. Orion Group had a return on equity of 6.88% and a net margin of 1.13%. Research analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a report on Wednesday, October 8th. Zacks Research cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.25.

Orion Group 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.