Orion Group (NYSE:ORN - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.
Separately, DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They issued a "buy" rating and a $11.00 target price for the company.
Get Our Latest Analysis on ORN
Orion Group Price Performance
NYSE:ORN traded down $0.18 during mid-day trading on Friday, reaching $5.75. The stock had a trading volume of 794,708 shares, compared to its average volume of 450,839. 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 $223.53 million, a PE ratio of -14.36, a P/E/G 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. The stock has a 50-day simple moving average of $7.54 and a two-hundred day simple moving average of $7.23.
Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $216.88 million for the quarter, compared to analyst estimates of $271.70 million. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts anticipate that Orion Group will post 0.06 earnings per share for the current year.
Institutional Investors Weigh In On Orion Group
A number of hedge funds and other institutional investors have recently bought and sold shares of ORN. Lazard Asset Management LLC acquired a new stake in shares of Orion Group during the fourth quarter valued at about $41,000. Heck Capital Advisors LLC bought a new position in Orion Group in the 4th quarter valued at approximately $49,000. Quarry LP acquired a new stake in Orion Group during the 4th quarter worth approximately $52,000. Intech Investment Management LLC bought a new stake in Orion Group during the 3rd quarter worth approximately $63,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Orion Group by 1,936.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after acquiring an additional 8,965 shares during the period. Institutional investors own 70.25% of the company's stock.
Orion Group Company Profile
(
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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.
Further Reading
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