Walthausen & Co. LLC increased its stake in shares of Orion Group Holdings Inc (NYSE:ORN) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 851,170 shares of the construction company’s stock after purchasing an additional 58,740 shares during the quarter. Walthausen & Co. LLC’s holdings in Orion Group were worth $4,418,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORN. State Street Corp increased its stake in shares of Orion Group by 27.3% during the 4th quarter. State Street Corp now owns 18,314 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,930 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Orion Group by 9.0% during the 3rd quarter. Squarepoint Ops LLC now owns 50,963 shares of the construction company’s stock worth $229,000 after purchasing an additional 4,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Orion Group by 14.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,688 shares of the construction company’s stock worth $284,000 after purchasing an additional 6,700 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Orion Group during the 4th quarter worth about $46,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Orion Group during the 4th quarter worth about $52,000. 73.18% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on ORN shares. ValuEngine raised shares of Orion Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Zacks Investment Research downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Saturday, February 29th. Noble Financial reissued a “buy” rating and issued a $7.10 price objective on shares of Orion Group in a report on Wednesday, February 5th. Finally, B. Riley cut their price objective on shares of Orion Group from $7.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $5.68.
ORN stock traded up $0.11 during trading on Thursday, reaching $2.20. 184,700 shares of the company were exchanged, compared to its average volume of 149,566. The company has a 50-day moving average of $3.50 and a two-hundred day moving average of $4.58. The company has a market capitalization of $62.17 million, a price-to-earnings ratio of -12.22 and a beta of 1.02. Orion Group Holdings Inc has a twelve month low of $1.53 and a twelve month high of $5.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.42 and a quick ratio of 1.41.
Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $199.79 million during the quarter, compared to analysts’ expectations of $165.58 million. Orion Group had a negative net margin of 0.76% and a positive return on equity of 0.03%. On average, analysts forecast that Orion Group Holdings Inc will post 0.2 EPS for the current year.
Orion Group Profile
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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