Orion Group Holdings, Inc. (NYSE:ORN - Free Report) - Research analysts at Noble Financial reduced their Q1 2024 EPS estimates for shares of Orion Group in a report issued on Monday, April 1st. Noble Financial analyst J. Gomes now forecasts that the construction company will post earnings of ($0.23) per share for the quarter, down from their previous estimate of ($0.08). The consensus estimate for Orion Group's current full-year earnings is $0.19 per share. Noble Financial also issued estimates for Orion Group's Q2 2024 earnings at ($0.05) EPS, Q4 2024 earnings at $0.35 EPS and FY2025 earnings at $1.07 EPS.
Several other research analysts have also recently weighed in on ORN. B. Riley reissued a "buy" rating and set a $9.50 price target (up previously from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com cut shares of Orion Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 9th.
Check Out Our Latest Stock Analysis on ORN
Orion Group Price Performance
ORN traded up $0.09 on Wednesday, hitting $9.23. 486,589 shares of the company's stock were exchanged, compared to its average volume of 260,420. Orion Group has a fifty-two week low of $2.33 and a fifty-two week high of $9.84. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $7.15 and a 200-day moving average price of $5.73. The stock has a market cap of $300.44 million, a price-to-earnings ratio of -16.78, a P/E/G ratio of 1.84 and a beta of 0.70.
Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Orion Group had a negative net margin of 2.51% and a negative return on equity of 9.14%. The company had revenue of $201.59 million for the quarter, compared to analysts' expectations of $191.31 million.
Insider Activity at Orion Group
In other news, EVP Edward Chipman Earle purchased 8,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $6.88 per share, with a total value of $55,040.00. Following the purchase, the executive vice president now directly owns 69,602 shares of the company's stock, valued at approximately $478,861.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Orion Group news, EVP Edward Chipman Earle purchased 8,000 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the acquisition, the executive vice president now directly owns 69,602 shares of the company's stock, valued at $478,861.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Travis J. Boone bought 12,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $7.01 per share, with a total value of $84,120.00. Following the acquisition, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Insiders have bought a total of 22,430 shares of company stock worth $156,340 in the last three months. Insiders own 8.10% of the company's stock.
Institutional Investors Weigh In On Orion Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG increased its position in Orion Group by 194.6% in the third quarter. UBS Group AG now owns 6,508 shares of the construction company's stock worth $35,000 after buying an additional 4,299 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Orion Group in the 3rd quarter worth about $36,000. AJOVista LLC purchased a new stake in Orion Group in the 4th quarter worth about $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 purchasing an additional 10,094 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Orion Group during the 4th quarter worth about $28,000. 70.25% of the stock is owned by institutional investors and hedge funds.
Orion Group Company Profile
(
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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.
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