Bank of New York Mellon Corp Invests $897,000 in Orion Group Holdings, Inc. (NYSE:ORN)

Bank of New York Mellon Corp bought a new stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 94,348 shares of the construction company’s stock, valued at approximately $897,000. Bank of New York Mellon Corp owned about 0.29% of Orion Group as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Lazard Asset Management LLC purchased a new position in Orion Group during the 1st quarter worth $41,000. Jump Financial LLC purchased a new position in Orion Group during the fourth quarter worth about $82,000. Oppenheimer Asset Management Inc. bought a new stake in Orion Group in the 1st quarter worth about $83,000. Quadrature Capital Ltd purchased a new stake in Orion Group in the 1st quarter valued at about $197,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Orion Group in the 1st quarter valued at about $216,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their target price on Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research note on Tuesday, June 4th.

Insider Buying and Selling

In other news, CEO Travis J. Boone bought 3,700 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $6.79 per share, with a total value of $25,123.00. Following the completion of the transaction, the chief executive officer now directly owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Orion Group news, CEO Travis J. Boone acquired 3,700 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired 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. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward Chipman Earle bought 15,633 shares of Orion Group stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $6.05 per share, with a total value of $94,579.65. Following the purchase, the executive vice president now directly owns 86,235 shares of the company’s stock, valued at $521,721.75. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 33,953 shares of company stock valued at $216,658. 7.30% of the stock is owned by company insiders.

Orion Group Trading Down 0.6 %

Shares of Orion Group stock opened at $6.61 on Friday. The firm has a market cap of $217.18 million, a PE ratio of -18.89, a P/E/G ratio of 3.92 and a beta of 0.83. Orion Group Holdings, Inc. has a 1 year low of $4.09 and a 1 year high of $12.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. The stock has a fifty day moving average price of $7.77 and a 200-day moving average price of $8.41.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The company had revenue of $192.17 million during the quarter, compared to the consensus estimate of $194.83 million. During the same period in the prior year, the firm posted ($0.14) EPS. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

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.