Orion Group (NYSE:ORN) Upgraded at StockNews.com

StockNews.com upgraded shares of Orion Group (NYSE:ORN) from a hold rating to a buy rating in a research note released on Friday morning.

Orion Group Stock Performance

ORN stock opened at $6.30 on Friday. The stock has a 50-day moving average price of $6.16 and a 200-day moving average price of $7.84. Orion Group has a 1-year low of $4.09 and a 1-year high of $12.12. The firm has a market cap of $210.24 million, a PE ratio of -15.75, a price-to-earnings-growth ratio of 8.15 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24.

Insider Activity at Orion Group

In related news, CEO Travis J. Boone acquired 3,700 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the completion of the acquisition, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Edward Chipman Earle bought 15,633 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Travis J. Boone purchased 3,700 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $6.79 per share, with a total value of $25,123.00. Following the purchase, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 23,453 shares of company stock worth $144,423 in the last quarter. Company insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in Orion Group in the 1st quarter valued at $41,000. Oppenheimer Asset Management Inc. bought a new position in shares of Orion Group during the 1st quarter worth approximately $83,000. Valmark Advisers Inc. bought a new position in shares of Orion Group in the second quarter valued at approximately $107,000. SG Americas Securities LLC purchased a new stake in shares of Orion Group during the third quarter valued at approximately $67,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Orion Group during the second quarter worth $115,000. 70.25% of the stock is owned by institutional investors.

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.