Orion Group (NYSE:ORN) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Orion Group (NYSE:ORN) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other equities research analysts have also issued reports on ORN. B. Riley raised Orion Group to a “strong-buy” rating in a research report on Tuesday, March 18th. DA Davidson started coverage on Orion Group in a research report on Friday, January 17th. They issued a “buy” rating and a $11.00 price target on the stock.

Orion Group Stock Performance

Shares of Orion Group stock opened at $5.77 on Friday. The business has a 50-day moving average of $7.17 and a 200 day moving average of $7.09. Orion Group has a 12 month low of $4.85 and a 12 month high of $12.12. The stock has a market capitalization of $224.97 million, a price-to-earnings ratio of -14.42, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same quarter last year, the company earned $0.08 EPS. As a group, sell-side analysts forecast that Orion Group will post 0.06 earnings per share for the current year.

Institutional Investors Weigh In On Orion Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of Orion Group by 27.3% during the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after acquiring an additional 118,296 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Orion Group during the 3rd quarter worth about $2,318,000. JPMorgan Chase & Co. raised its position in shares of Orion Group by 930.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 134,570 shares of the construction company’s stock worth $776,000 after acquiring an additional 121,507 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock worth $3,907,000 after acquiring an additional 10,098 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Orion Group during the 3rd quarter worth about $63,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.