Sidoti Csr Comments on Orion Group Holdings, Inc.’s FY2024 Earnings (NYSE:ORN)

Orion Group Holdings, Inc. (NYSE:ORN) – Equities research analysts at Sidoti Csr lifted their FY2024 earnings per share (EPS) estimates for shares of Orion Group in a research note issued to investors on Friday, April 26th. Sidoti Csr analyst J. Romero now expects that the construction company will earn $0.31 per share for the year, up from their previous forecast of $0.26. The consensus estimate for Orion Group’s current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for Orion Group’s Q2 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.53 EPS.

Several other analysts have also weighed in on ORN. StockNews.com lowered Orion Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. B. Riley reaffirmed a “buy” rating and issued a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Stock Performance

NYSE:ORN opened at $7.11 on Monday. The stock’s fifty day moving average is $7.90 and its 200 day moving average is $6.08. Orion Group has a fifty-two week low of $2.38 and a fifty-two week high of $9.84. The firm has a market capitalization of $230.65 million, a PE ratio of -20.31, a PEG ratio of 1.47 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 1.33.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. The business had revenue of $160.67 million for the quarter, compared to analysts’ expectations of $174.75 million.

Insider Transactions at Orion Group

In related news, EVP Edward Chipman Earle bought 8,000 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the acquisition, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Orion Group news, EVP Edward Chipman Earle acquired 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the acquisition, the executive vice president now owns 69,602 shares in the company, valued at approximately $478,861.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gordon Scott Thanisch acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $7.12 per share, with a total value of $28,480.00. Following the acquisition, the chief financial officer now owns 167,811 shares in the company, valued at approximately $1,194,814.32. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 29,590 shares of company stock valued at $206,905. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Orion Group

Several hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP grew its position in Orion Group by 3.7% during the 3rd quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company’s stock worth $18,922,000 after purchasing an additional 125,778 shares during the period. AMH Equity Ltd grew its position in shares of Orion Group by 518.8% during the 3rd quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company’s stock valued at $9,950,000 after acquiring an additional 1,556,399 shares during the period. Gendell Jeffrey L grew its position in shares of Orion Group by 125.7% during the 3rd quarter. Gendell Jeffrey L now owns 654,811 shares of the construction company’s stock valued at $3,510,000 after acquiring an additional 364,680 shares during the period. Acuitas Investments LLC grew its position in shares of Orion Group by 85.6% during the 4th quarter. Acuitas Investments LLC now owns 645,248 shares of the construction company’s stock valued at $3,188,000 after acquiring an additional 297,525 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Orion Group by 32.5% during the 4th quarter. Russell Investments Group Ltd. now owns 630,485 shares of the construction company’s stock valued at $3,115,000 after acquiring an additional 154,476 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

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.