Sidoti Csr Weighs in on Orion Group Holdings, Inc.’s FY2024 Earnings (NYSE:ORN)

Orion Group Holdings, Inc. (NYSE:ORN) – Research analysts at Sidoti Csr upped their FY2024 earnings per share (EPS) estimates for shares of Orion Group in a research note issued on Friday, April 26th. Sidoti Csr analyst J. Romero now forecasts that the construction company will earn $0.31 per share for the year, up from their prior forecast of $0.26. The consensus estimate for Orion Group’s current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for Orion Group’s Q2 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.53 EPS.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.06. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. The company had revenue of $160.67 million during the quarter, compared to analysts’ expectations of $174.75 million.

Other research analysts have also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $9.50 price objective (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th. StockNews.com downgraded Orion Group from a “buy” rating to a “hold” rating in a research report on Friday.

Orion Group Stock Down 6.7 %

ORN opened at $6.92 on Monday. The firm has a market capitalization of $224.48 million, a P/E ratio of -19.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.70. Orion Group has a one year low of $2.38 and a one year high of $9.84. The company has a fifty day moving average price of $7.90 and a 200-day moving average price of $6.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.32.

Insider Activity

In other news, EVP Edward Chipman Earle bought 8,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at $478,861.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Edward Chipman Earle purchased 8,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the acquisition, the executive vice president now directly owns 69,602 shares of the company’s stock, valued at $478,861.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Travis J. Boone acquired 12,000 shares of Orion Group stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $7.01 per share, with a total value of $84,120.00. Following the completion of the purchase, the chief executive officer now owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 22,430 shares of company stock valued at $156,340. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Several hedge funds and other institutional investors have recently made changes to their positions in ORN. Brandes Investment Partners LP grew its holdings in Orion Group by 3.7% during the third quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company’s stock valued at $18,922,000 after purchasing an additional 125,778 shares during the period. AMH Equity Ltd increased its holdings 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 acquiring an additional 1,556,399 shares in the last quarter. Gendell Jeffrey L raised its stake in Orion Group by 125.7% during the 3rd 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 during the period. Acuitas Investments LLC lifted its holdings 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 in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Orion Group by 32.5% during the 4th 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 during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.