Orion Group (NYSE:ORN) Shares Pass Above Two Hundred Day Moving Average of $7.34

Shares of Orion Group Holdings, Inc. (NYSE:ORN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.34 and traded as high as $9.66. Orion Group shares last traded at $9.64, with a volume of 767,902 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORN shares. Craig Hallum assumed coverage on Orion Group in a report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price objective for the company. StockNews.com downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, B. Riley upped their target price on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research report on Tuesday, June 4th.

Orion Group Price Performance

The company has a market capitalization of $316.77 million, a P/E ratio of -27.54, a P/E/G ratio of 1.46 and a beta of 0.86. The business’s 50-day simple moving average is $8.96 and its 200 day simple moving average is $7.34. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The business had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million. As a group, sell-side analysts anticipate that Orion Group Holdings, Inc. will post 0.24 EPS for the current year.

Insider Activity at Orion Group

In other news, CFO Gordon Scott Thanisch bought 4,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average cost of $7.12 per share, with a total value of $28,480.00. Following the completion of the acquisition, the chief financial officer now directly owns 167,811 shares in the company, valued at $1,194,814.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Gordon Scott Thanisch purchased 4,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $7.12 per share, with a total value of $28,480.00. Following the completion of the acquisition, the chief financial officer now owns 167,811 shares of the company’s stock, valued at $1,194,814.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Austin J. Shanfelter sold 40,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now owns 437,734 shares of the company’s stock, valued at approximately $3,943,983.34. The disclosure for this sale can be found here. Insiders bought 8,560 shares of company stock valued at $60,995 over the last 90 days. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Orion Group

Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Orion Group during the first quarter worth approximately $41,000. AJOVista LLC acquired a new stake in Orion Group during the fourth quarter valued at $51,000. Tower Research Capital LLC TRC grew its stake in 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 valued at $52,000 after purchasing an additional 10,094 shares in the last quarter. Jump Financial LLC acquired a new position in Orion Group in the 4th quarter worth about $82,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Orion Group during the 1st quarter worth about $83,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.