Simcoe Capital LLC Buys Shares of 453,654 Orion Group Holdings, Inc. $ORN

Simcoe Capital LLC purchased a new position in Orion Group Holdings, Inc. (NYSE:ORN) during the fourth quarter, HoldingsChannel reports. The firm purchased 453,654 shares of the construction company’s stock, valued at approximately $4,509,000. Orion Group makes up about 4.2% of Simcoe Capital LLC’s investment portfolio, making the stock its 7th largest position.

Several other large investors also recently modified their holdings of ORN. Wasatch Advisors LP bought a new stake in shares of Orion Group in the second quarter worth $12,885,000. Invesco Ltd. grew its holdings in shares of Orion Group by 79.4% in the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock worth $10,578,000 after acquiring an additional 562,863 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Orion Group in the fourth quarter worth $2,977,000. JPMorgan Chase & Co. grew its holdings in shares of Orion Group by 727.0% in the second quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock worth $2,569,000 after acquiring an additional 248,988 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 187,819 shares during the period. Institutional investors own 70.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Margaret M. Foran sold 20,000 shares of Orion Group stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $14.62, for a total value of $292,400.00. Following the completion of the transaction, the director owned 137,541 shares in the company, valued at approximately $2,010,849.42. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Austin J. Shanfelter sold 90,000 shares of Orion Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the transaction, the director owned 329,215 shares of the company’s stock, valued at approximately $4,006,546.55. This represents a 21.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 141,390 shares of company stock worth $1,832,825. Corporate insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ORN. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Roth Mkm began coverage on Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price objective for the company. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, B. Riley Financial lifted their target price on Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.25.

Orion Group Price Performance

NYSE:ORN opened at $14.83 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $11.96 and its two-hundred day simple moving average is $11.41. The stock has a market cap of $600.48 million, a PE ratio of 70.64 and a beta of 1.39. Orion Group Holdings, Inc. has a 52 week low of $6.44 and a 52 week high of $15.81.

Orion Group (NYSE:ORN) last posted its earnings results on Tuesday, April 28th. The construction company reported $0.05 EPS for the quarter. The firm had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. As a group, analysts forecast that Orion Group Holdings, Inc. will post 0.23 EPS for the current fiscal year.

Orion Group Profile

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.