Mary Sullivan Acquires 3,000 Shares of Orion Group (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Mary Sullivan acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $9.79 per share, for a total transaction of $29,370.00. Following the purchase, the director owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Orion Group Trading Up 2.1%

Orion Group stock opened at $10.40 on Thursday. The stock has a 50-day moving average price of $13.78 and a 200 day moving average price of $13.04. Orion Group Holdings, Inc. has a 52 week low of $6.44 and a 52 week high of $17.40. The stock has a market cap of $421.02 million, a PE ratio of 115.55 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $221.88 million for the quarter, compared to analyst estimates of $225.72 million. Orion Group had a return on equity of 3.07% and a net margin of 0.40%. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ORN shares. Oppenheimer assumed coverage on shares of Orion Group in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised their price objective on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Roth Capital set a $15.00 target price on Orion Group in a research note on Thursday, July 30th. Zacks Research downgraded Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Hedge Funds Weigh In On Orion Group

A number of hedge funds have recently made changes to their positions in ORN. Quarry LP acquired a new stake in shares of Orion Group during the 3rd quarter worth $33,000. Comerica Bank boosted its holdings in Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after acquiring an additional 3,562 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Orion Group during the first quarter valued at about $52,000. Susquehanna Fundamental Investments LLC purchased a new stake in Orion Group during the third quarter valued at about $86,000. Finally, Millennium Management LLC acquired a new stake in Orion Group during the third quarter worth about $91,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.