Latest Stocks: Orion Group Holdings’ (ORN) “Buy” Rating Reaffirmed at FBR & Co

Latest Stocks: Orion Group Holdings’ (ORN) “Buy” Rating Reaffirmed at FBR & Co

FBR & Co reiterated their buy rating on shares of Orion Group Holdings Inc (NYSE:ORN) in a report published on Monday, May 15th, StockTargetPrices.com reports. They currently have a $12.00 price target on the construction company’s stock.

A number of other research analysts have also issued reports on the stock. Canaccord Genuity restated a hold rating on shares of Orion Group Holdings in a report on Monday, May 15th. Zacks Investment Research lowered shares of Orion Group Holdings from a hold rating to a sell rating in a report on Thursday, March 16th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $9.30.

Shares of Orion Group Holdings (NYSE:ORN) opened at 7.23 on Monday. Orion Group Holdings has a one year low of $4.80 and a one year high of $11.11. The company’s market capitalization is $200.93 million. The firm has a 50-day moving average of $7.56 and a 200-day moving average of $8.94. Orion Group Holdings (NYSE:ORN) last released its earnings results on Thursday, May 4th. The construction company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $138.80 million during the quarter, compared to analysts’ expectations of $126.97 million. Orion Group Holdings had a net margin of 0.70% and a return on equity of 1.83%. Orion Group Holdings’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share. Analysts forecast that Orion Group Holdings will post $0.33 earnings per share for the current year.

Shares of Orion Group Holdings (NYSE:ORN) opened at 7.23 on Monday. Orion Group Holdings has a one year low of $4.80 and a one year high of $11.11. The company’s market capitalization is $200.93 million. The firm has a 50-day moving average of $7.56 and a 200-day moving average of $8.94. In related news, CFO Christopher James Dealmeida sold 6,289 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $7.51, for a total transaction of $47,230.39. Following the completion of the sale, the chief financial officer now owns 33,325 shares of the company’s stock, valued at approximately $250,270.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Larry Dwayne Breaux sold 9,500 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.27, for a total transaction of $69,065.00. Following the sale, the chief operating officer now directly owns 99,884 shares of the company’s stock, valued at approximately $726,156.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,214 shares of company stock valued at $342,675. Corporate insiders own 6.17% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Trexquant Investment LP acquired a new position in Orion Group Holdings during the fourth quarter valued at approximately $105,000. Arizona State Retirement System boosted its position in Orion Group Holdings by 1.4% in the first quarter. Arizona State Retirement System now owns 14,435 shares of the construction company’s stock valued at $108,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC acquired a new position in Orion Group Holdings during the third quarter valued at approximately $111,000. LS Investment Advisors LLC boosted its position in Orion Group Holdings by 1,915.0% in the first quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock valued at $140,000 after buying an additional 17,790 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Orion Group Holdings by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,840 shares of the construction company’s stock valued at $148,000 after buying an additional 860 shares during the period. 86.75% of the stock is owned by institutional investors. About Orion Group Holdings

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