Orion Group (NYSE:ORN) Issues Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Orion Group (NYSE:ORN) reported earnings of $0.04 per share, exceeding analysts' estimates by $0.12, with a net margin of 0.36% and a return on equity of 5.12%.
• The stock experienced a decline, trading down $0.13 to $9.40, while the company has a market cap of $371.65 million and a PE ratio of 187.98.
• Recent analyst ratings include an upgrade from "hold" to "buy" by Wall Street Zen, and B. Riley increased the price target from $9.00 to $11.50.

Orion Group (NYSE:ORN - Get Free Report) announced its quarterly earnings results on Tuesday. The construction company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.12, Zacks reports. Orion Group had a net margin of 0.36% and a return on equity of 5.12%.

Orion Group Stock Performance

ORN stock traded down $0.13 during mid-day trading on Tuesday, hitting $9.40. The company had a trading volume of 627,656 shares, compared to its average volume of 402,805. The firm has a market cap of $371.65 million, a PE ratio of 187.98, a price-to-earnings-growth ratio of 18.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 1.38. Orion Group has a 12 month low of $4.64 and a 12 month high of $9.94. The stock's fifty day moving average price is $8.70 and its two-hundred day moving average price is $7.46.

Wall Street Analysts Forecast Growth

ORN has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. B. Riley reaffirmed a "buy" rating and issued a $11.50 price objective (up from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th.

Insider Buying and Selling

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group 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 sale, the director owned 419,215 shares of the company's stock, valued at approximately $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company's stock.

Hedge Funds Weigh In On Orion Group

Several hedge funds have recently bought and sold shares of ORN. AQR Capital Management LLC grew its stake in Orion Group by 64.2% during the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company's stock valued at $2,513,000 after acquiring an additional 187,819 shares in the last quarter. Strs Ohio purchased a new position in Orion Group during the first quarter valued at approximately $175,000. NewEdge Advisors LLC lifted its position in Orion Group by 55.7% during the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company's stock valued at $131,000 after purchasing an additional 8,945 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company's stock valued at $626,000 after purchasing an additional 2,220 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

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.

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