Orion Group Holdings Inc (ORN) Insider Mark R. Stauffer Sells 20,000 Shares
Orion Group Holdings Inc (NYSE:ORN) insider Mark R. Stauffer sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the transaction, the insider now directly owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Orion Group Holdings Inc (NYSE:ORN) traded up $0.21 on Thursday, hitting $7.74. 53,000 shares of the company’s stock traded hands, compared to its average volume of 124,337. Orion Group Holdings Inc has a twelve month low of $5.17 and a twelve month high of $11.11. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.
Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.25). Orion Group had a negative net margin of 2.76% and a negative return on equity of 2.96%. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. During the same period last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. sell-side analysts forecast that Orion Group Holdings Inc will post -0.13 EPS for the current fiscal year.
Several research analysts have commented on the stock. B. Riley reissued a “buy” rating on shares of Orion Group in a report on Wednesday, November 1st. FBR & Co dropped their price objective 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. ValuEngine downgraded shares of Orion Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Orion Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Canaccord Genuity reissued a “hold” rating and set a $7.00 price objective on shares of Orion Group in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.00.
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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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