In the last trading session, 1.32 million shares of the Orion Group Holdings Inc (NYSE:ORN) were traded, and its beta was 0.91. Most recently the company’s share price was $9.27, and it changed around $1.24 or 15.44% from the last close, which brings the market valuation of the company to $360.62M. ORN currently trades at a discount to its 52-week high of $12.12, offering almost -30.74% off that amount. The share price’s 52-week low was $5.23, which indicates that the current value has risen by an impressive 43.58% since then. We note from Orion Group Holdings Inc’s average daily trading volume that its 10-day average is 0.49 million shares, with the 3-month average coming to 392.38K.
Orion Group Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ORN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Orion Group Holdings Inc is expected to report earnings per share of 0.19 for the current quarter.
Orion Group Holdings Inc (NYSE:ORN) trade information
Instantly ORN has showed a green trend with a performance of 15.44% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.64 on recent trading dayincreased the stock’s daily price by 3.84%. The company’s shares are currently up 26.47% year-to-date, but still up 18.85% over the last five days. On the other hand, Orion Group Holdings Inc (NYSE:ORN) is 30.01% up in the 30-day period. We can see from the shorts that 0.68 million shares have been sold at a short interest cover period of 2.13 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to decrease their stock price by -3.0% from its current value. Analyst projections state that ORN is forecast to be at a low of $9 and a high of $9.
Orion Group Holdings Inc (ORN) estimates and forecasts
The year-over-year growth rate is expected to be 19.73%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 272.7M in revenue for the current quarter. 3 analysts expect Orion Group Holdings Inc to make 184.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 201.59M and 160.67M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 35.27%. Forecasts for the next quarter put sales growth at 14.74%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.10%.
ORN Dividends
Orion Group Holdings Inc’s next quarterly earnings report is expected to be released in March.
Orion Group Holdings Inc (NYSE:ORN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.06% of Orion Group Holdings Inc shares, and 78.71% of them are in the hands of institutional investors. The stock currently has a share float of 84.69%. Orion Group Holdings Inc stock is held by 170.0 institutions, with BRANDES INVESTMENT PARTNERS, LP being the largest institutional investor. By 2024-06-30, it held 8.4571% of the shares, which is about 2.75 million shares worth $26.24 million.
BLACKROCK INC., with 6.5582% or 2.13 million shares worth $20.3 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Royce Small-Cap Opportunity Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 1.02 shares worth $9.42 million, making up 2.61% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 940.87 shares worth around $8.72 million, which represents about 2.42% of the total shares outstanding.
