Travis J. Boone Acquires 4,120 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone acquired 4,120 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.00 per share, with a total value of $24,720.00. Following the transaction, the chief executive officer now directly owns 437,299 shares of the company’s stock, valued at approximately $2,623,794. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Orion Group Stock Up 2.0 %

NYSE:ORN opened at $6.50 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.32 and a current ratio of 1.33. The firm has a market cap of $216.91 million, a P/E ratio of -18.46, a P/E/G ratio of 3.59 and a beta of 0.83. Orion Group Holdings, Inc. has a fifty-two week low of $4.09 and a fifty-two week high of $12.12. The firm has a 50-day simple moving average of $7.95 and a two-hundred day simple moving average of $8.42.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). The firm had revenue of $192.17 million for the quarter, compared to the consensus estimate of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period last year, the business earned ($0.14) EPS. Analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price on Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ORN. Sanctuary Advisors LLC purchased a new stake in shares of Orion Group during the second quarter valued at $303,000. Northeast Financial Consultants Inc lifted its stake in Orion Group by 7.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after acquiring an additional 10,695 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Orion Group during the 2nd quarter valued at about $115,000. GDS Wealth Management grew its stake in shares of Orion Group by 8.4% in the second quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock worth $488,000 after acquiring an additional 4,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Orion Group by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock valued at $17,907,000 after purchasing an additional 46,079 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

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.