Brandywine Global Investment Management LLC lessened its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,056 shares of the construction company’s stock after selling 34 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Orion Group Holdings worth $113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Orion Group Holdings by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock worth $14,704,000 after acquiring an additional 159,616 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Orion Group Holdings by 14.3% in the first quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock valued at $10,730,000 after purchasing an additional 179,950 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Orion Group Holdings by 18.1% in the second quarter. Russell Investments Group Ltd. now owns 674,663 shares of the construction company’s stock valued at $5,039,000 after purchasing an additional 103,429 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Orion Group Holdings by 24.7% in the second quarter. Brandes Investment Partners LP now owns 336,759 shares of the construction company’s stock valued at $2,516,000 after purchasing an additional 66,610 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Orion Group Holdings by 8.0% in the second quarter. Northern Trust Corp now owns 322,745 shares of the construction company’s stock valued at $2,411,000 after purchasing an additional 23,798 shares during the last quarter. 87.79% of the stock is currently owned by institutional investors.

Orion Group Holdings (NYSE:ORN) last released its earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.16). The firm had revenue of $137.40 million during the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Orion Group Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. FBR & Co decreased their price objective on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Finally, Canaccord Genuity decreased their price objective on shares of Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Orion Group Holdings currently has an average rating of “Hold” and an average target price of $8.33.

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.

Institutional Ownership by Quarter for Orion Group Holdings (NYSE:ORN)

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