Insider Selling: Orion Group (NYSE:ORN) Director Sells $1,095,300.00 in Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Austin Shanfelter sold 90,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the sale, the director owned 329,215 shares of the company’s stock, valued at approximately $4,006,546.55. The trade was a 21.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Orion Group Trading Down 0.6%

Orion Group stock traded down $0.07 during mid-day trading on Tuesday, hitting $11.71. The stock had a trading volume of 630,789 shares, compared to its average volume of 379,385. The stock has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $10.22. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $469.42 million, a PE ratio of 234.24 and a beta of 1.15. Orion Group Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $15.00.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The company had revenue of $233.22 million for the quarter, compared to the consensus estimate of $222.42 million. As a group, sell-side analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORN. DA Davidson lifted their target price on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley Financial raised their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Roth Mkm initiated coverage on Orion Group in a research note on Tuesday, February 10th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Orion Group has a consensus rating of “Buy” and an average target price of $16.25.

Institutional Investors Weigh In On Orion Group

Large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in Orion Group in the third quarter worth $33,000. First Horizon Advisors Inc. grew its holdings in shares of Orion Group by 171.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after buying an additional 2,832 shares during the period. Comerica Bank increased its position in shares of Orion Group by 219.7% in the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Orion Group during the 3rd quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Orion Group during the 3rd quarter worth $87,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.