Boston Partners Has $1.40 Million Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Boston Partners lifted its stake in Orion Group Holdings, Inc. (NYSE:ORN) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,655 shares of the construction company’s stock after purchasing an additional 27,164 shares during the quarter. Boston Partners’ holdings in Orion Group were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ORN. AMH Equity Ltd lifted its position in Orion Group by 518.8% in the 3rd quarter. AMH Equity Ltd now owns 1,856,399 shares of the construction company’s stock worth $9,950,000 after buying an additional 1,556,399 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Orion Group during the third quarter worth $2,305,000. Gendell Jeffrey L raised its holdings in shares of Orion Group by 125.7% during the third quarter. Gendell Jeffrey L now owns 654,811 shares of the construction company’s stock worth $3,510,000 after acquiring an additional 364,680 shares in the last quarter. Acuitas Investments LLC boosted its position in Orion Group by 85.6% during the fourth quarter. Acuitas Investments LLC now owns 645,248 shares of the construction company’s stock valued at $3,188,000 after purchasing an additional 297,525 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Orion Group by 32.5% in the fourth quarter. Russell Investments Group Ltd. now owns 630,485 shares of the construction company’s stock valued at $3,115,000 after purchasing an additional 154,476 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Stock Up 0.2 %

ORN opened at $9.37 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.31 and a current ratio of 1.33. The business has a 50 day moving average price of $8.28 and a 200 day moving average price of $6.34. Orion Group Holdings, Inc. has a twelve month low of $2.38 and a twelve month high of $9.84.

Orion Group (NYSE:ORN) last issued its quarterly earnings data 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. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The business had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million. Research analysts forecast that Orion Group Holdings, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at Orion Group

In other Orion Group news, CEO Travis J. Boone bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the purchase, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Travis J. Boone bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the purchase, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gordon Scott Thanisch purchased 4,000 shares of Orion Group stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $7.12 per share, with a total value of $28,480.00. Following the completion of the acquisition, the chief financial officer now owns 167,811 shares in the company, valued at $1,194,814.32. The disclosure for this purchase can be found here. Insiders bought 30,990 shares of company stock worth $217,335 over the last ninety days. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ORN shares. Craig Hallum started coverage on Orion Group in a report on Tuesday. They set a “buy” rating and a $14.00 price target for the company. B. Riley reiterated a “buy” rating and issued a $9.50 target price (up from $6.25) on shares of Orion Group in a research note on Thursday, March 14th. Finally, StockNews.com lowered shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

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.