B. Riley Brokers Decrease Earnings Estimates for Orion Group

Orion Group Holdings, Inc. (NYSE:ORN) – Analysts at B. Riley dropped their FY2025 earnings per share (EPS) estimates for shares of Orion Group in a research note issued to investors on Friday, November 1st. B. Riley analyst A. Rygiel now expects that the construction company will earn $0.28 per share for the year, down from their previous forecast of $0.30. The consensus estimate for Orion Group’s current full-year earnings is $0.03 per share.

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday.

Orion Group Price Performance

ORN stock opened at $6.30 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.35. Orion Group has a one year low of $4.09 and a one year high of $12.12. The company’s fifty day moving average price is $6.16 and its 200-day moving average price is $7.84. The company has a market capitalization of $210.24 million, a PE ratio of -15.75, a price-to-earnings-growth ratio of 8.15 and a beta of 0.80.

Insider Activity

In other Orion Group news, CEO Travis J. Boone acquired 3,700 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $6.79 per share, with a total value of $25,123.00. Following the completion of the acquisition, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Orion Group news, CEO Travis J. Boone acquired 3,700 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, with a total value of $25,123.00. Following the transaction, the chief executive officer now directly owns 488,719 shares of the company’s stock, valued at $3,318,402.01. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Chipman Earle acquired 15,633 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the acquisition, the executive vice president now directly owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 23,453 shares of company stock valued at $144,423. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Orion Group

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Orion Group during the first quarter worth about $41,000. SG Americas Securities LLC purchased a new position in shares of Orion Group in the third quarter worth about $67,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Orion Group in the first quarter valued at approximately $83,000. Valmark Advisers Inc. purchased a new position in shares of Orion Group during the 2nd quarter worth $107,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Orion Group in the 2nd quarter valued at about $115,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.