Orion Group (NYSE:ORN) Rating Increased to Buy at StockNews.com

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

Separately, DA Davidson initiated coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company.

Orion Group Stock Performance

Shares of ORN stock opened at $5.56 on Friday. Orion Group has a fifty-two week low of $4.85 and a fifty-two week high of $12.12. The stock’s 50-day moving average is $7.31 and its two-hundred day moving average is $7.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market cap of $216.59 million, a P/E ratio of -13.89, a PEG ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.08 earnings per share. Analysts predict that Orion Group will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Orion Group

Several large investors have recently modified their holdings of ORN. Portolan Capital Management LLC lifted its position in Orion Group by 56.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after acquiring an additional 717,533 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Orion Group in the fourth quarter worth about $4,695,000. Wellington Management Group LLP acquired a new position in shares of Orion Group during the 3rd quarter worth about $2,318,000. Hillsdale Investment Management Inc. bought a new stake in Orion Group during the 4th quarter valued at approximately $2,907,000. Finally, Ancora Advisors LLC grew its holdings in Orion Group by 76.1% in the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock valued at $4,944,000 after buying an additional 291,550 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Orion Group Company Profile

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.