Allspring Global Investments Holdings LLC Acquires Shares of 297,997 Orion Group Holdings, Inc. $ORN

Key Points

• Allspring Global Investments Holdings LLC bought 297,997 shares of Orion Group (NYSE:ORN) in Q4—about $2.98 million—representing roughly 0.75% of the company, while hedge funds and institutions own about 70.25% of the stock.
• Orion carries a consensus rating of "Moderate Buy" with an average price target of $16.25 (four Buys, one Hold, one Sell); the company recently beat quarterly EPS estimates ($0.08 vs. $0.05) and set FY2026 guidance of 0.360–0.420 EPS.

Allspring Global Investments Holdings LLC acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 297,997 shares of the construction company's stock, valued at approximately $2,977,000. Allspring Global Investments Holdings LLC owned about 0.75% of Orion Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ardsley Advisory Partners LP boosted its position in Orion Group by 30.0% in the 2nd quarter. Ardsley Advisory Partners LP now owns 325,000 shares of the construction company's stock valued at $2,948,000 after buying an additional 75,000 shares during the last quarter. CenterBook Partners LP boosted its position in Orion Group by 27.0% in the 3rd quarter. CenterBook Partners LP now owns 541,511 shares of the construction company's stock valued at $4,505,000 after buying an additional 114,986 shares during the last quarter. Next Century Growth Investors LLC boosted its position in Orion Group by 31.1% in the 2nd quarter. Next Century Growth Investors LLC now owns 932,908 shares of the construction company's stock valued at $8,461,000 after buying an additional 221,536 shares during the last quarter. Comerica Bank boosted its position in 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 during the last quarter. Finally, Quarry LP purchased a new position in Orion Group in the 3rd quarter valued at about $33,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Roth Mkm assumed coverage on shares of Orion Group in a research report on Tuesday, February 10th. They issued a "buy" rating and a $17.00 price objective for the company. Wall Street Zen upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. B. Riley Financial upped their target price on shares of Orion Group from $15.50 to $17.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. DA Davidson upped their target price on shares of Orion Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Finally, Weiss Ratings lowered shares of Orion Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Orion Group has a consensus rating of "Moderate Buy" and an average price target of $16.25.

Orion Group Stock Performance

Shares of Orion Group stock opened at $11.01 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.35 and a current ratio of 1.36. The firm's 50-day simple moving average is $12.28 and its 200-day simple moving average is $10.72. Orion Group Holdings, Inc. has a 1 year low of $5.00 and a 1 year high of $15.00. The firm has a market cap of $442.52 million, a PE ratio of 220.16 and a beta of 1.25.

Orion Group (NYSE:ORN - Get Free Report) last issued its earnings results on Wednesday, March 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $233.22 million for the quarter, compared to analysts' expectations of $222.42 million. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Equities analysts forecast that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Austin J. Shanfelter sold 90,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the completion of the sale, the director directly owned 329,215 shares in the company, valued at approximately $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Quentin P. Jr. Smith sold 10,695 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the sale, the director owned 90,659 shares of the company's stock, valued at $1,110,572.75. The trade was a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.90% of the stock is owned by company insiders.

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.

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