Orion Group Holdings, Inc. (NYSE:ORN) had its price target decreased by FBR & Co from $12.00 to $10.00 in a research report report published on Friday morning. FBR & Co currently has a buy rating on the construction company’s stock.
ORN has been the topic of several other reports. Zacks Investment Research upgraded Orion Group Holdings from a hold rating to a buy rating and set a $8.00 target price on the stock in a report on Thursday, June 29th. Canaccord Genuity reiterated a hold rating on shares of Orion Group Holdings in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $8.25.
Shares of Orion Group Holdings (NYSE ORN) traded down 0.74% on Friday, hitting $5.37. 100,347 shares of the stock traded hands. The stock’s market cap is $151.45 million. The stock has a 50 day moving average of $6.79 and a 200-day moving average of $7.80. Orion Group Holdings has a 1-year low of $5.34 and a 1-year high of $11.11.
Orion Group Holdings (NYSE:ORN) last announced its earnings results on Thursday, August 3rd. The construction company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.16. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The company had revenue of $137.40 million during the quarter, compared to the consensus estimate of $161.68 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts expect that Orion Group Holdings will post $0.02 EPS for the current year.
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In other Orion Group Holdings news, COO Larry Dwayne Breaux sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $7.21, for a total transaction of $25,235.00. Following the transaction, the chief operating officer now directly owns 142,123 shares in the company, valued at approximately $1,024,706.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ORN. LS Investment Advisors LLC boosted its position in Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock worth $140,000 after buying an additional 17,790 shares during the last quarter. Bank of Montreal Can boosted its position in Orion Group Holdings by 379.3% in the first quarter. Bank of Montreal Can now owns 26,332 shares of the construction company’s stock worth $197,000 after buying an additional 20,838 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Orion Group Holdings by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 312,968 shares of the construction company’s stock worth $2,338,000 after buying an additional 14,096 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Orion Group Holdings during the first quarter worth about $853,000. Finally, Arizona State Retirement System boosted its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.
About Orion Group Holdings
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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