Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) CEO Travis J. Boone purchased 2,160 shares of the stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $6.97 per share, for a total transaction of $15,055.20. Following the completion of the transaction, the chief executive officer now owns 485,019 shares of the company's stock, valued at approximately $3,380,582.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Orion Group Stock Up 2.9 %
NYSE ORN opened at $7.11 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 1.33. The firm has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $6.08. Orion Group Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $9.84. The stock has a market cap of $230.65 million, a PE ratio of -20.31, a PEG ratio of 1.47 and a beta of 0.70.
Orion Group (NYSE:ORN - Get Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $160.67 million during the quarter, compared to analysts' expectations of $174.75 million. On average, research analysts forecast that Orion Group Holdings, Inc. will post 0.2 EPS for the current year.
Analyst Ratings Changes
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ORN has been the topic of several research analyst reports. StockNews.com downgraded Orion Group from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. B. Riley reiterated a "buy" rating and issued a $9.50 target price (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.
View Our Latest Stock Analysis on ORN
Institutional Investors Weigh In On Orion Group
Several hedge funds have recently made changes to their positions in the stock. AJOVista LLC bought a new position in Orion Group during the fourth quarter worth about $51,000. Tower Research Capital LLC TRC lifted its stake in Orion Group by 2,851.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company's stock worth $52,000 after purchasing an additional 10,094 shares during the period. Jump Financial LLC bought a new position in Orion Group during the fourth quarter worth about $82,000. Citigroup Inc. bought a new position in Orion Group during the third quarter worth about $98,000. Finally, Belvedere Trading LLC bought a new position in Orion Group during the third quarter worth about $112,000. Institutional investors own 70.25% of the company's stock.
About Orion Group
(
Get Free Report)
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.
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