B. Riley Has Bearish Outlook for Orion Group FY2025 Earnings

Orion Group Holdings, Inc. (NYSE:ORN) – Research analysts at B. Riley lowered their FY2025 earnings estimates for Orion Group in a report released on Friday, November 1st. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $0.28 per share for the year, down from their prior estimate of $0.30. The consensus estimate for Orion Group’s current full-year earnings is $0.03 per share.

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Orion Group Stock Up 16.5 %

Shares of ORN opened at $7.34 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a market cap of $285.53 million, a P/E ratio of -18.35, a PEG ratio of 8.40 and a beta of 0.80. The stock’s 50 day moving average is $6.13 and its two-hundred day moving average is $7.83. Orion Group has a 12 month low of $4.09 and a 12 month high of $12.12.

Insider Activity at Orion Group

In other news, CEO Travis J. Boone acquired 3,700 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $6.79 per share, for a total transaction of $25,123.00. Following the acquisition, the chief executive officer now owns 488,719 shares in the company, valued at approximately $3,318,402.01. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Travis J. Boone purchased 3,700 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $6.79 per share, with a total value of $25,123.00. Following the completion of the purchase, the chief executive officer now directly owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Edward Chipman Earle acquired 15,633 shares of Orion Group stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $6.05 per share, with a total value of $94,579.65. Following the completion of the purchase, the executive vice president now owns 86,235 shares in the company, valued at $521,721.75. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 23,453 shares of company stock valued at $144,423. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Orion Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in Orion Group in the 1st quarter valued at about $41,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Orion Group in the first quarter valued at approximately $83,000. Valmark Advisers Inc. purchased a new position in Orion Group during the second quarter worth approximately $107,000. SG Americas Securities LLC acquired a new position in Orion Group during the third quarter worth $67,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Orion Group during the second quarter worth $115,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

About Orion Group

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.