Edward Chipman Earle Purchases 15,633 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) EVP Edward Chipman Earle bought 15,633 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the transaction, the executive vice president now owns 86,235 shares in the company, valued at approximately $521,721.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Orion Group Stock Up 2.0 %

Shares of Orion Group stock opened at $6.50 on Wednesday. Orion Group Holdings, Inc. has a 12 month low of $4.09 and a 12 month high of $12.12. The business has a fifty day simple moving average of $7.95 and a 200 day simple moving average of $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. The stock has a market cap of $216.91 million, a PE ratio of -18.46, a price-to-earnings-growth ratio of 3.59 and a beta of 0.83.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. The company had revenue of $192.17 million during the quarter, compared to the consensus estimate of $194.83 million. During the same period last year, the company earned ($0.14) earnings per share. Research analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Orion Group

Several hedge funds have recently bought and sold shares of the company. GDS Wealth Management increased its position in shares of Orion Group by 8.4% in the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock valued at $488,000 after buying an additional 4,000 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Orion Group in the first quarter worth about $41,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Orion Group during the first quarter worth about $83,000. Northeast Financial Consultants Inc lifted its holdings in shares of Orion Group by 7.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after purchasing an additional 10,695 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new position in shares of Orion Group in the 2nd quarter valued at approximately $107,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a report on Tuesday, June 4th.

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.