Orion Group Holdings (ORN)
Marine construction and dredging contractor with a separate Texas-and-Florida concrete construction business.
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Builds and dredges marine infrastructure across the U.S. coastline and Caribbean Basin while separately pouring concrete for large commercial and public projects concentrated in Texas and Florida. Marine work depends heavily on federal and state government contracts; Concrete work is mostly private-sector, with data centers an emerging growth driver.
Builds and dredges marine infrastructure along the U.S. coastline, Alaska, Hawaii, Canada, and the Caribbean Basin, and separately pours concrete for large commercial, industrial, and public projects across Texas metro areas and Florida. Marine work leans on federal, state, and local government contracts, including Navy and Army Corps of Engineers projects; Concrete work is mostly private-sector.
Marine construction dates to a 1994 founding; the Concrete segment arrived through a 2015 acquisition. A multi-year subcontract rebuilding a dry dock at Pearl Harbor Naval Shipyard has driven much of recent Marine revenue, while data-center construction is a growing line inside Concrete.
Both markets are described internally as highly fragmented, split among regional rivals rather than a few national competitors. A 2026 acquisition added jetty, breakwater, and dam-spillway construction capabilities to the Marine business, extending its scope beyond dredging and pier work.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Roth Capital | Target | Target: $17 | Target: $15 |
| Feb 10, 2026 | Roth Capital | Target | Target: — | Target: $17 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.5M · Total debt $148.8M · Total assets $496.2M · Shareholders' equity $164.5M
- Revenue
- $221.9M
- Operating income
- −$1.5M
- Net income
- −$4.1M
No dividends on record.
| Institutions | ≈ 85.71% | 34.71M shares | |
|---|---|---|---|
| 183 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.20% | 2.51M shares | |
| 11 holders · as of Sep 17, 2026 | |||
| Other | ≈ 8.09% | 3.28M shares | |
| remainder | |||
40.50M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Brandes Investment Partners, LPInstitution | 12.14% | 4.91M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.43% | 3.01M | as of Jun 30, 2026 |
Wasatch Advisors LPInstitution | 4.97% | 2.01M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.19% | 1.70M | as of Jun 30, 2026 |
Royce & Associates LPInstitution | 3.95% | 1.60M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Robert Ledford | director | +20,000 | $9.62 |
| Jul 31, 2026 | Mary E. Sullivan | director | +3,000 | $9.79 |
| Jul 31, 2026 | Alison Gaut Vasquez | officer: EVP AND CFO | +5,025 | $9.95 |
| Jul 31, 2026 | Edward Chipman Earle | officer: EVP & GENERAL COUNSEL | +5,000 | $9.81 |
| May 5, 2026 | Margaret M. Foran | director | −10,695 | $15.70 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Orion Group Holdings | $8.93 | −1.11% | $365.7M | 96.1 | 24.5 | 0.4 | +8.1% |
| Granite Construction | $113.16 | −1.03% | $5.00B | — | 16.1 | 1.0 | +29.3% |
| Southland | $0.6150 | −1.76% | $33.9M | — | — | 0.1 | −47.4% |
| Tutor Perini | $84.48 | −1.50% | $4.52B | 37.0 | 19.1 | 0.8 | +19.2% |
| Sterling Infrastructure | $514.05 | −0.49% | $15.85B | 37.2 | 23.2 | 4.6 | +90.1% |
| Primoris Services | $74.67 | −2.16% | $4.14B | 30.0 | 18.8 | 0.6 | −10.7% |
| Matrix Service | $9.81 | −1.72% | $280.8M | — | 16.5 | 0.3 | +13.0% |
| Median | 37.0 | 18.8 | 0.7 | +16.1% |