Orion Group (NYSE:ORN) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.44 and traded as high as $9.35. Orion Group shares last traded at $9.31, with a volume of 691,013 shares trading hands.

Wall Street Analysts Forecast Growth

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

Orion Group Price Performance

The company has a 50-day moving average of $8.69 and a two-hundred day moving average of $7.44. The stock has a market capitalization of $368.01 million, a PE ratio of 186.14, a P/E/G ratio of 17.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.37.

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 return on equity of 5.12% and a net margin of 0.36%. The firm had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Austin J. Shanfelter sold 30,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the transaction, the director directly owned 419,215 shares of the company's stock, valued at approximately $3,634,594.05. This trade represents a 6.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in Orion Group in the 4th quarter valued at $41,000. Heck Capital Advisors LLC acquired a new stake in Orion Group in the 4th quarter valued at $49,000. Quarry LP purchased a new stake in shares of Orion Group during the 4th quarter valued at about $52,000. CWM LLC raised its holdings in shares of Orion Group by 303.5% during the 1st quarter. CWM LLC now owns 8,579 shares of the construction company's stock valued at $45,000 after buying an additional 6,453 shares during the period. Finally, Perritt Capital Management Inc purchased a new stake in shares of Orion Group during the 4th quarter valued at about $73,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

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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