Orion Group (NYSE:ORN) Shares Cross Above 200-Day Moving Average of $7.34

Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.34 and traded as high as $9.66. Orion Group shares last traded at $9.64, with a volume of 767,902 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORN. Craig Hallum began coverage on shares of Orion Group in a research report on Tuesday, May 14th. They set a "buy" rating and a $14.00 target price for the company. B. Riley upped their price objective on shares of Orion Group from $9.50 to $12.50 and gave the company a "buy" rating in a research report on Tuesday, June 4th. Finally, StockNews.com cut shares of Orion Group from a "buy" rating to a "hold" rating in a research report on Friday, April 26th.

Orion Group Stock Performance

The stock has a market capitalization of $312.50 million, a price-to-earnings ratio of -27.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average is $8.99 and its two-hundred day moving average is $7.38.

Orion Group (NYSE:ORN - Get Free Report) last announced its earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The firm had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. Analysts expect that Orion Group Holdings, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In other news, Director Austin J. Shanfelter sold 40,000 shares of the company's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now directly owns 437,734 shares of the company's stock, valued at approximately $3,943,983.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Austin J. Shanfelter sold 40,000 shares of the company's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now directly owns 437,734 shares of the company's stock, valued at approximately $3,943,983.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gordon Scott Thanisch bought 4,000 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average cost of $7.12 per share, for a total transaction of $28,480.00. Following the completion of the acquisition, the chief financial officer now owns 167,811 shares in the company, valued at approximately $1,194,814.32. The disclosure for this purchase can be found here. Insiders acquired a total of 8,560 shares of company stock worth $60,995 in the last three months. Insiders own 7.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORN. Lazard Asset Management LLC bought a new position in shares of Orion Group during the first quarter worth approximately $41,000. Assenagon Asset Management S.A. grew its stake in shares of Orion Group by 21.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 28,332 shares of the construction company's stock worth $140,000 after purchasing an additional 5,092 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Orion Group by 2,851.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company's stock worth $52,000 after purchasing an additional 10,094 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Orion Group in the first quarter valued at $83,000. Finally, AJOVista LLC acquired a new position in Orion Group in the fourth quarter valued at $51,000. 70.25% of the stock is 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.