Orion Group (NYSE:ORN) Issues Earnings Results

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) released its quarterly earnings results on Tuesday. The construction company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12, Zacks reports. Orion Group had a return on equity of 9.23% and a net margin of 1.25%. The business had revenue of $205.29 million during the quarter, compared to analysts' expectations of $200.34 million.

Orion Group Trading Down 3.5%

ORN stock traded down $0.26 during midday trading on Friday, reaching $7.15. 785,023 shares of the company traded hands, compared to its average volume of 403,947. The firm has a market capitalization of $282.81 million, a price-to-earnings ratio of 26.48, a P/E/G ratio of 14.82 and a beta of 1.00. Orion Group has a 52-week low of $4.64 and a 52-week high of $9.95. The business has a 50 day moving average of $8.68 and a 200-day moving average of $7.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38.

Analyst Ratings Changes

A number of research firms have recently commented on ORN. B. Riley reiterated a "buy" rating and set a $11.50 target price (up from $9.00) on shares of Orion Group in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

Insider Activity at Orion Group

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $8.67, for a total transaction of $260,100.00. Following the transaction, the director owned 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 legal filing with the SEC, which is available at this link. Company insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of Orion Group by 55.7% in the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company's stock worth $131,000 after buying an additional 8,945 shares during the period. Strs Ohio bought a new position in Orion Group in the 1st quarter valued at $175,000. Empowered Funds LLC increased its stake in Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company's stock worth $626,000 after purchasing an additional 2,220 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Orion Group by 64.2% during the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company's stock worth $2,513,000 after purchasing an additional 187,819 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

About Orion Group

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.