Orion Group (NYSE:ORN) Share Price Crosses Above Two Hundred Day Moving Average of $7.34

Orion Group Holdings, Inc. (NYSE:ORN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.34 and traded as high as $9.66. Orion Group shares last traded at $9.64, with a volume of 767,902 shares.

Analysts Set New Price Targets

A number of brokerages have commented on ORN. B. Riley lifted their price objective on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Craig Hallum assumed coverage on shares of Orion Group in a research note on Tuesday, May 14th. They issued a “buy” rating and a $14.00 price objective for the company.

Orion Group Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $8.99 and its 200 day moving average is $7.38.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The firm had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million. As a group, research analysts expect that Orion Group Holdings, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other Orion Group news, Director Austin J. Shanfelter sold 40,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the completion of the sale, the director now directly owns 437,734 shares of the company’s stock, valued at approximately $3,943,983.34. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Orion Group news, Director Austin J. Shanfelter sold 40,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the completion of the sale, the director now directly owns 437,734 shares of the company’s stock, valued at approximately $3,943,983.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gordon Scott Thanisch acquired 4,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $7.12 per share, with a total value of $28,480.00. Following the completion of the transaction, the chief financial officer now owns 167,811 shares in the company, valued at $1,194,814.32. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 8,560 shares of company stock valued at $60,995. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of Orion Group in the 1st quarter valued at about $41,000. Oppenheimer Asset Management Inc. bought a new position in shares of Orion Group during the 1st quarter worth approximately $83,000. AJOVista LLC bought a new position in shares of Orion Group during the 4th quarter worth approximately $51,000. Tower Research Capital LLC TRC raised its stake in shares of Orion Group by 2,851.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after acquiring an additional 10,094 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Orion Group during the 4th quarter worth approximately $82,000. Institutional investors own 70.25% of the company’s stock.

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.