69,830 Shares in Orion Group Holdings, Inc. $ORN Acquired by State of Wyoming

State of Wyoming purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 69,830 shares of the construction company’s stock, valued at approximately $1,175,000.

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP lifted its position in shares of Orion Group by 21.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,014,110 shares of the construction company’s stock worth $33,877,000 after purchasing an additional 357,276 shares during the last quarter. Simcoe Capital LLC acquired a new position in shares of Orion Group during the fourth quarter worth $4,509,000. CenterBook Partners LP increased its holdings in Orion Group by 33.1% in the fourth quarter. CenterBook Partners LP now owns 720,561 shares of the construction company’s stock valued at $7,162,000 after buying an additional 179,050 shares during the last quarter. Sei Investments Co. increased its holdings in Orion Group by 102.8% in the first quarter. Sei Investments Co. now owns 386,663 shares of the construction company’s stock valued at $4,215,000 after buying an additional 196,041 shares during the last quarter. Finally, Globeflex Capital L P raised its stake in Orion Group by 481.0% in the first quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after buying an additional 59,036 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORN has been the subject of a number of recent analyst reports. Roth Capital set a $15.00 price target on Orion Group in a report on Thursday, July 30th. Weiss Ratings downgraded Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Oppenheimer assumed coverage on Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.20.

Insider Transactions at Orion Group

In other news, EVP Edward Chipman Earle bought 5,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $9.81 per share, for a total transaction of $49,050.00. Following the completion of the transaction, the executive vice president owned 150,042 shares of the company’s stock, valued at approximately $1,471,912.02. This trade represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary E. Sullivan bought 3,000 shares of Orion Group stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $9.79 per share, with a total value of $29,370.00. Following the completion of the acquisition, the director directly owned 277,904 shares in the company, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 28,000 shares of company stock worth $270,820. Corporate insiders own 5.70% of the company’s stock.

Orion Group Trading Up 3.1%

NYSE ORN opened at $9.98 on Friday. The firm’s fifty day moving average price is $13.22 and its 200 day moving average price is $12.95. Orion Group Holdings, Inc. has a 12 month low of $6.44 and a 12 month high of $17.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. The company has a market capitalization of $404.22 million, a price-to-earnings ratio of 110.92 and a beta of 1.40.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Orion Group had a net margin of 0.40% and a return on equity of 3.07%. The company had revenue of $221.88 million during the quarter, compared to analysts’ expectations of $225.72 million. On average, sell-side analysts expect that Orion Group Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.