Orion Group (NYSE:ORN - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Sunday.
A number of other research analysts also recently weighed in on ORN. DA Davidson started coverage on Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 target price on the stock. B. Riley upgraded shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th.
Read Our Latest Stock Analysis on ORN
Orion Group Stock Performance
Shares of Orion Group stock traded down $0.19 on Friday, reaching $5.57. 257,202 shares of the company traded hands, compared to its average volume of 434,943. 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 company has a 50 day moving average of $7.13 and a 200 day moving average of $7.08. Orion Group has a 52 week low of $4.85 and a 52 week high of $12.12. The firm has a market capitalization of $217.25 million, a PE ratio of -13.93, a PEG ratio of 1.10 and a beta of 0.93.
Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same period last year, the firm earned $0.08 EPS. Equities analysts forecast that Orion Group will post 0.06 earnings per share for the current year.
Hedge Funds Weigh In On Orion Group
Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of Orion Group during the fourth quarter worth approximately $41,000. Heck Capital Advisors LLC purchased a new stake in Orion Group during the fourth quarter valued at approximately $49,000. Quarry LP purchased a new stake in shares of Orion Group during the fourth quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock valued at $69,000 after buying an additional 8,965 shares during the last quarter. Finally, Perritt Capital Management Inc purchased a new stake in Orion Group in the fourth quarter valued at approximately $73,000. 70.25% of the stock is currently owned by institutional investors.
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.
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