Orion Group (NYSE:ORN) Releases Earnings Results, Beats Estimates By $0.06 EPS

Orion Group (NYSE:ORN) posted its quarterly earnings data on Wednesday. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06, reports. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.07%. The company had revenue of $160.67 million during the quarter, compared to the consensus estimate of $174.75 million.

Orion Group Price Performance

Shares of ORN opened at $7.48 on Friday. Orion Group has a one year low of $2.35 and a one year high of $9.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 1.26. The firm has a 50 day simple moving average of $7.84 and a two-hundred day simple moving average of $6.04.

Insider Buying and Selling at Orion Group

In other news, CEO Travis J. Boone acquired 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the transaction, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Travis J. Boone bought 12,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $7.01 per share, with a total value of $84,120.00. Following the completion of the purchase, the chief executive officer now owns 402,557 shares in the company, valued at approximately $2,821,924.57. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edward Chipman Earle bought 8,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the purchase, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The disclosure for this purchase can be found here. Insiders bought a total of 22,430 shares of company stock worth $156,340 over the last three months. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of Orion Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in shares of Orion Group by 806.6% during the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock worth $2,106,000 after buying an additional 228,533 shares during the last quarter. G2 Investment Partners Management LLC grew its stake in shares of Orion Group by 715.1% in the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 422,842 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Orion Group by 2,851.4% in 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 last quarter. Essex Investment Management Co. LLC grew its stake in shares of Orion Group by 29.8% in the fourth quarter. Essex Investment Management Co. LLC now owns 368,981 shares of the construction company’s stock worth $1,823,000 after purchasing an additional 84,657 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Orion Group by 10.6% in the fourth quarter. Boston Partners now owns 283,655 shares of the construction company’s stock worth $1,401,000 after purchasing an additional 27,164 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORN shares. B. Riley reiterated a “buy” rating and set a $9.50 price target (up previously from $6.25) on shares of Orion Group in a report on Thursday, March 14th. StockNews.com cut Orion Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th.

Orion Group Company Profile

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.