Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) CEO Travis J. Boone purchased 4,120 shares of the business's stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $6.00 per share, for a total transaction of $24,720.00. Following the completion of the acquisition, the chief executive officer now directly owns 437,299 shares in the company, valued at approximately $2,623,794. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Orion Group Price Performance
NYSE ORN opened at $6.37 on Tuesday. The firm's fifty day simple moving average is $7.95 and its two-hundred day simple moving average is $8.42. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. Orion Group Holdings, Inc. has a 12-month low of $4.09 and a 12-month high of $12.12.
Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.19). The business had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period in the prior year, the company earned ($0.14) earnings per share. On average, sell-side analysts expect that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.
Analysts Set New Price Targets
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Separately, B. Riley lifted their target price on Orion Group from $9.50 to $12.50 and gave the company a "buy" rating in a research note on Tuesday, June 4th.
Check Out Our Latest Report on Orion Group
Institutional Trading of Orion Group
A number of institutional investors have recently bought and sold shares of ORN. Sanctuary Advisors LLC acquired a new position in shares of Orion Group in the 2nd quarter valued at $303,000. Northeast Financial Consultants Inc boosted its position in Orion Group by 7.9% in the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company's stock valued at $1,389,000 after buying an additional 10,695 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Orion Group during the 2nd quarter worth approximately $115,000. GDS Wealth Management lifted its stake in Orion Group by 8.4% during the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company's stock valued at $488,000 after acquiring an additional 4,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Orion Group by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company's stock valued at $17,907,000 after acquiring an additional 46,079 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.
Orion Group Company Profile
(
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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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