StockNews.com Upgrades Orion Group (NYSE:ORN) to Buy

Orion Group (NYSE:ORN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, DA Davidson initiated coverage on Orion Group in a report on Friday, January 17th. They set a "buy" rating and a $11.00 price target for the company.

Orion Group Price Performance

Shares of Orion Group stock traded up $0.30 during midday trading on Friday, hitting $5.88. 417,475 shares of the company were exchanged, compared to its average volume of 451,799. 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 $229.26 million, a P/E ratio of -14.70, a PEG ratio of 1.10 and a beta of 0.93. Orion Group has a 52 week low of $4.85 and a 52 week high of $12.12. The firm has a 50 day simple moving average of $7.26 and a 200-day simple moving average of $7.12.

Orion Group (NYSE:ORN - Get Free Report) last posted its earnings results on Tuesday, March 4th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $216.88 million during 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 last year, the company earned $0.08 EPS. Research analysts forecast that Orion Group will post 0.06 earnings per share for the current year.

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Institutional Investors Weigh In On Orion Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new stake in shares of Orion Group in the 4th quarter valued at $41,000. Heck Capital Advisors LLC acquired a new stake in shares of Orion Group in the 4th quarter valued at $49,000. Quarry LP acquired a new stake in shares of Orion Group in the 4th quarter valued at $52,000. Intech Investment Management LLC acquired a new stake in shares of Orion Group in the 3rd quarter valued at $63,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 buying an additional 8,965 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

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.