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

Northern Trust Corp increased its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 300,250 shares of the construction company's stock after acquiring an additional 53,506 shares during the quarter. Northern Trust Corp owned approximately 0.77% of Orion Group worth $2,201,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Orion Group in the 4th quarter valued at $52,000. Oxford Asset Management LLP acquired a new stake in shares of Orion Group in the fourth quarter worth $94,000. Voya Investment Management LLC grew its stake in shares of Orion Group by 124.1% in the fourth quarter. Voya Investment Management LLC now owns 24,970 shares of the construction company's stock worth $183,000 after acquiring an additional 13,826 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Orion Group during the fourth quarter worth $103,000. Finally, Hsbc Holdings PLC acquired a new position in Orion Group during the 4th quarter valued at $135,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Wall Street Zen raised Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

Orion Group Stock Performance

ORN traded down $0.04 during trading on Friday, reaching $8.28. 56,144 shares of the company's stock were exchanged, compared to its average volume of 459,860. The company has a market capitalization of $327.31 million, a P/E ratio of -20.67, a PEG ratio of 1.10 and a beta of 0.91. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $6.67 and a 200 day moving average price of $7.25. Orion Group Holdings, Inc. has a fifty-two week low of $4.64 and a fifty-two week high of $12.12.

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

Insider Buying and Selling

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $8.67, for a total value of $260,100.00. Following the transaction, the director now directly owns 419,215 shares in the company, valued at $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.90% of the stock is owned by corporate insiders.

Orion Group 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.