Insider Buying: Orion Group (NYSE:ORN) EVP Purchases $49,050.00 in Stock

Orion Group Holdings, Inc. (NYSE:ORN) EVP Edward Chipman Earle acquired 5,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average price of $9.81 per share, with a total value of $49,050.00. Following the completion of the acquisition, the executive vice president directly owned 150,042 shares in the company, valued at approximately $1,471,912.02. This represents a 3.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Orion Group Stock Down 1.7%

Shares of NYSE ORN opened at $10.15 on Friday. Orion Group Holdings, Inc. has a one year low of $6.44 and a one year high of $17.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. The firm’s 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $13.03. The stock has a market capitalization of $411.23 million, a P/E ratio of 112.85 and a beta of 1.40.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The business had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $225.72 million. As a group, analysts expect that Orion Group Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on ORN. JPMorgan Chase & Co. upped their price target on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Oppenheimer initiated coverage on Orion Group in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price for the company. Roth Capital set a $15.00 target price on Orion Group in a report on Thursday, July 30th. Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings cut Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Orion Group currently has a consensus rating of “Hold” and an average target price of $17.20.

Hedge Funds Weigh In On Orion Group

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Orion Group by 0.6% in the first quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after buying an additional 697 shares in the last quarter. Barclays PLC increased its position in shares of Orion Group by 1.0% during the fourth quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock valued at $894,000 after acquiring an additional 888 shares in the last quarter. Deutsche Bank AG increased its position in shares of Orion Group by 5.7% during the fourth quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock valued at $335,000 after acquiring an additional 1,802 shares in the last quarter. Empowered Funds LLC raised its holdings in Orion Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Orion Group by 6.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock worth $416,000 after acquiring an additional 2,888 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

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.