Orion Group Holdings, Inc. (NYSE:ORN) – Equities researchers at B. Riley reduced their Q4 2017 EPS estimates for shares of Orion Group in a research report issued on Monday. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.12. B. Riley currently has a “Buy” rating on the stock.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The company had revenue of $140.20 million during the quarter, compared to analysts’ expectations of $166.08 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm’s revenue was down 14.5% on a year-over-year basis.

ORN has been the subject of several other reports. Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Orion Group in a research report on Thursday, October 5th. ValuEngine lowered shares of Orion Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Orion Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, FBR & Co dropped their target price on shares of Orion Group from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.50.

Shares of Orion Group (NYSE ORN) opened at $7.47 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group has a 1 year low of $5.17 and a 1 year high of $11.11.

In other news, Director Austin J. Shanfelter sold 9,721 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the sale, the director now directly owns 31,430 shares in the company, valued at $235,725. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ORN. Vanguard Group Inc. raised its stake in Orion Group by 14.3% in the first quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock worth $10,730,000 after buying an additional 179,950 shares in the last quarter. Geode Capital Management LLC raised its stake in Orion Group by 3.0% in the first quarter. Geode Capital Management LLC now owns 196,358 shares of the construction company’s stock worth $1,466,000 after buying an additional 5,694 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Orion Group by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,808,756 shares of the construction company’s stock worth $13,511,000 after buying an additional 240,368 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Orion Group by 39.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 50,600 shares of the construction company’s stock worth $378,000 after buying an additional 14,400 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Orion Group by 107.6% in the first quarter. Bank of America Corp DE now owns 42,213 shares of the construction company’s stock worth $316,000 after buying an additional 21,881 shares in the last quarter. 85.64% of the stock is owned by institutional investors.

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About Orion Group

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.

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