Shares of Orion Group Holdings Inc (NYSE:ORN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.28 and traded as high as $4.48. Orion Group shares last traded at $4.48, with a volume of 3,651 shares traded.

A number of equities analysts recently issued reports on ORN shares. Noble Financial restated a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Friday, August 9th. Mizuho restated a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Tuesday, July 2nd. B. Riley raised their target price on Orion Group from $5.00 to $5.75 and gave the stock a “buy” rating in a research note on Friday, August 2nd. ValuEngine upgraded Orion Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Orion Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orion Group presently has an average rating of “Buy” and an average target price of $6.54.

The firm has a 50-day simple moving average of $3.94 and a two-hundred day simple moving average of $3.28. The company has a market capitalization of $127.36 million, a price-to-earnings ratio of -11.95 and a beta of 1.07. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.75.

In related news, VP Peter R. Buchler purchased 30,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $1.98 per share, with a total value of $59,400.00. Following the transaction, the vice president now owns 180,656 shares of the company’s stock, valued at $357,698.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert L. Tabb bought 20,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $1.94 per share, for a total transaction of $38,800.00. Following the completion of the transaction, the chief financial officer now directly owns 26,872 shares in the company, valued at $52,131.68. The disclosure for this purchase can be found here. Insiders have acquired a total of 63,285 shares of company stock worth $124,098 over the last ninety days. 7.50% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. White Pine Capital LLC purchased a new stake in Orion Group in the second quarter valued at $27,000. Susquehanna International Group LLP purchased a new stake in shares of Orion Group in the second quarter valued at about $55,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Orion Group by 33.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 349,976 shares of the construction company’s stock valued at $938,000 after buying an additional 87,790 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Orion Group in the second quarter valued at about $534,000. Finally, BBR Partners LLC purchased a new stake in shares of Orion Group in the second quarter valued at about $74,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.

Orion Group Company Profile (NYSE:ORN)

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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