Orion Group (NYSE:ORN) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of Orion Group (NYSE:ORN - Free Report) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports. B. Riley also issued estimates for Orion Group's Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.13 EPS and FY2026 earnings at $0.26 EPS.

Several other research firms have also recently commented on ORN. DA Davidson initiated coverage on shares of Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 target price for the company. StockNews.com raised Orion Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 15th.

Orion Group Stock Performance

Shares of NYSE:ORN traded up $0.18 during trading on Tuesday, reaching $5.94. 194,145 shares of the company's stock traded hands, compared to its average volume of 458,558. 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 $7.15 and a 200-day moving average of $7.08. 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 $231.41 million, a P/E ratio of -14.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93.

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Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $216.88 million for the quarter, compared to the consensus estimate of $271.70 million. During the same quarter last year, the business posted $0.08 EPS. On average, equities analysts expect that Orion Group will post 0.06 EPS for the current year.

Institutional Trading of Orion Group

Several institutional investors and hedge funds have recently bought and sold shares of ORN. Lazard Asset Management LLC purchased a new stake in shares of Orion Group in the 4th quarter valued at approximately $41,000. Heck Capital Advisors LLC acquired a new stake in Orion Group during the 4th quarter valued at $49,000. Quarry LP purchased a new stake in shares of Orion Group in the fourth quarter valued at $52,000. Intech Investment Management LLC purchased a new position in shares of Orion Group during the third quarter valued at $63,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in 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 period. 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.