Northern Trust Corp Purchases 53,506 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Northern Trust Corp lifted its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 21.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 300,250 shares of the construction company's stock after buying an additional 53,506 shares during the period. Northern Trust Corp owned approximately 0.77% of Orion Group worth $2,201,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Corebridge Financial Inc. lifted its position in shares of Orion Group by 8.4% in the fourth quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company's stock worth $132,000 after buying an additional 1,396 shares during the last quarter. Rhumbline Advisers grew its position in Orion Group by 6.5% during the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock worth $265,000 after acquiring an additional 2,198 shares during the last quarter. Bank of New York Mellon Corp grew its position in Orion Group by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock worth $540,000 after acquiring an additional 3,432 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Orion Group by 16.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company's stock valued at $197,000 after buying an additional 3,728 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Orion Group by 43.0% in the 4th quarter. SG Americas Securities LLC now owns 16,546 shares of the construction company's stock worth $121,000 after purchasing an additional 4,978 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Price Performance

NYSE ORN traded up $0.06 on Thursday, hitting $8.27. 187,763 shares of the company's stock were exchanged, compared to its average volume of 460,891. The stock has a 50-day moving average of $6.62 and a 200-day moving average of $7.25. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group Holdings, Inc. has a 52 week low of $4.64 and a 52 week high of $12.12. The stock has a market cap of $327.27 million, a price-to-earnings ratio of -20.62, a P/E/G ratio of 1.10 and a beta of 0.91.

Orion Group (NYSE:ORN - Get Free Report) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $188.65 million during the quarter, compared to analysts' expectations of $177.33 million. Analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ORN shares. Wall Street Zen upgraded Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. B. Riley raised Orion Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

Insider Activity

In related news, Director Austin J. Shanfelter sold 30,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.67, for a total transaction of $260,100.00. Following the completion of the transaction, the director now directly owns 419,215 shares of the company's stock, valued at $3,634,594.05. This trade represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.90% of the stock is owned by corporate insiders.

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.