Orion Group (NYSE:ORN) Shares Cross Above 200 Day Moving Average - Here's What Happened

Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.28 and traded as high as $8.90. Orion Group shares last traded at $8.69, with a volume of 303,747 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORN. Wall Street Zen upgraded Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. B. Riley restated 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.

Orion Group Stock Performance

The company's 50-day moving average price is $7.77 and its two-hundred day moving average price is $7.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 1.38. The stock has a market cap of $360.50 million, a PE ratio of 182.34, a PEG ratio of 34.68 and a beta of 0.99.

Orion Group (NYSE:ORN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The firm had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a net margin of 0.36% and a return on equity of 5.12%. On average, equities research analysts forecast that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Insider Buying and Selling

In other Orion Group 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 completion of the transaction, the director now owns 419,215 shares in the company, valued at approximately $3,634,594.05. This represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Orion Group by 6.5% during the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company's stock worth $265,000 after acquiring an additional 2,198 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Orion Group by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company's stock worth $540,000 after purchasing an additional 3,432 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Orion Group in the 4th quarter worth approximately $199,000. Oppenheimer Asset Management Inc. bought a new position in Orion Group during the 4th quarter valued at approximately $108,000. Finally, Charles Schwab Investment Management Inc. increased its position in Orion Group by 16.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 103,845 shares of the construction company's stock valued at $761,000 after buying an additional 14,880 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

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.