Key Points
- Director Quentin Jr. Smith sold 10,695 shares of Orion Group on March 10 at an average price of $12.25 for about $131,013.75, cutting his position by 10.55% to 90,659 shares (≈$1.11M).
- Orion beat quarterly estimates, reporting $0.08 EPS vs. $0.05 expected and $233.22M revenue vs. $222.42M, while the stock trades near $11.71 with a one‑year range of $4.64–$15.00.
- Analysts have become more bullish, with multiple firms raising price targets and ratings (including DA Davidson, B. Riley and JPMorgan) and an average target of $16.25 with a consensus "Buy."
Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) Director Quentin Jr. Smith sold 10,695 shares of the company'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 completion of the sale, the director directly owned 90,659 shares of the company's stock, valued at approximately $1,110,572.75. This represents a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Orion Group Stock Down 0.6%
Shares of NYSE ORN opened at $11.71 on Wednesday. The stock has a market capitalization of $469.45 million, a P/E ratio of 234.24 and a beta of 1.15. Orion Group Holdings, Inc. has a one year low of $4.64 and a one year high of $15.00. The firm's 50 day simple moving average is $12.31 and its two-hundred day simple moving average is $10.26. 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 - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $222.42 million. As a group, analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ORN has been the subject of several analyst reports. DA Davidson raised their price objective on Orion Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. B. Riley Financial boosted their target price on Orion Group from $15.50 to $17.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Wall Street Zen upgraded Orion Group from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. initiated coverage on Orion Group in a research report on Thursday, January 22nd. They set an "overweight" rating and a $16.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Orion Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Orion Group has an average rating of "Buy" and an average target price of $16.25.
Check Out Our Latest Research Report on ORN
Institutional Trading of Orion Group
Institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Orion Group during the third quarter worth about $33,000. First Horizon Advisors Inc. increased its holdings in Orion Group by 171.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company's stock valued at $41,000 after purchasing an additional 2,832 shares during the period. Comerica Bank raised its position in Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company's stock valued at $43,000 after purchasing an additional 3,562 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Orion Group in the 3rd quarter worth approximately $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Orion Group in the 3rd quarter worth approximately $87,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.
Orion Group Company Profile
(
Get Free Report)
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.
Further Reading
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