Orion Group Holdings Inc (NYSE:ORN) has a beta value of 0.91 and has seen 0.17 million shares traded in the last trading session. The company, currently valued at $307.31M, closed the last trade at $7.90 per share which meant it lost -$0.26 on the day or -3.19% during that session. The ORN stock price is -53.42% off its 52-week high price of $12.12 and 33.8% above the 52-week low of $5.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.37 million shares traded. The 3-month trading volume is 400.38K shares.
The consensus among analysts is that Orion Group Holdings Inc (ORN) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.19.
Orion Group Holdings Inc (NYSE:ORN) trade information
Sporting -3.19% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ORN stock price touched $7.90 or saw a rise of 18.05%. Year-to-date, Orion Group Holdings Inc shares have moved 7.78%, while the 5-day performance has seen it change -1.62%. Over the past 30 days, the shares of Orion Group Holdings Inc (NYSE:ORN) have changed 9.87%. Short interest in the company has seen 0.72 million shares shorted with days to cover at 1.64.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 12.22% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -13.92% off the targeted high while a plunge would see the stock gain -13.92% from current levels.
Orion Group Holdings Inc (ORN) estimates and forecasts
The company’s shares have gained 10.64% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 19.73%.
4 analysts offering their estimates for the company have set an average revenue estimate of 272.7M for the current quarter. 3 have an estimated revenue figure of 184.36M for the next ending quarter. Year-ago sales stood 201.59M and 160.67M respectively for this quarter and the next, and analysts expect sales will grow by 35.27% for the current quarter and 19.73% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 30.10% over the past 5 years.
ORN Dividends
Orion Group Holdings Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Orion Group Holdings Inc (NYSE:ORN)’s Major holders
Insiders own 7.06% of the company shares, while shares held by institutions stand at 79.56% with a share float percentage of 85.61%. Investors are also buoyed by the number of investors in a company, with Orion Group Holdings Inc having a total of 193.0 institutions that hold shares in the company. The top two institutional holders are BRANDES INVESTMENT PARTNERS, LP with over 2.75 million shares worth more than $26.24 million. As of 2024-06-30, BRANDES INVESTMENT PARTNERS, LP held 8.4571% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 2.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $20.3 million and represent 6.5582% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Royce Small-Cap Opportunity Fund and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.61% shares in the company for having 1.02 shares of worth $8.03 million while later fund manager owns 940.87 shares of worth $7.43 million as of Sep 30, 2024, which makes it owner of about 2.42% of company’s outstanding stock.
