Insider Selling: Orion Group (NYSE:ORN) Director Sells 10,695 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin Jr. Smith sold 10,695 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total value of $131,013.75. Following the transaction, the director owned 90,659 shares in the company, valued at $1,110,572.75. This represents a 10.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Orion Group Stock Performance

Shares of ORN stock traded down $0.07 during trading hours on Tuesday, hitting $11.71. The stock had a trading volume of 630,789 shares, compared to its average volume of 379,385. The firm has a market capitalization of $469.42 million, a PE ratio of 234.24 and a beta of 1.15. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $15.00. The stock’s 50 day moving average is $12.28 and its 200 day moving average is $10.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The firm had revenue of $233.22 million during the quarter, compared to analysts’ expectations of $222.42 million. As a group, research analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORN shares. B. Riley Financial upped their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. initiated coverage on shares of Orion Group in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective on the stock. Roth Mkm began coverage on shares of Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $16.25.

Institutional Trading of Orion Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Orion Group by 64.2% during the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after buying an additional 187,819 shares during the period. NewEdge Advisors LLC lifted its position in shares of Orion Group by 55.7% during the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after acquiring an additional 8,945 shares during the period. Empowered Funds LLC lifted its position in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after acquiring an additional 2,220 shares during the period. Strs Ohio purchased a new stake in shares of Orion Group during the 1st quarter worth approximately $175,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Orion Group by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,172 shares of the construction company’s stock worth $428,000 after acquiring an additional 2,853 shares during the period. 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.