Orion Group (NYSE:ORN - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.
ORN has been the topic of several other research reports. B. Riley raised shares of Orion Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. DA Davidson assumed coverage on Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 price objective on the stock.
Check Out Our Latest Stock Report on Orion Group
Orion Group Stock Performance
Shares of Orion Group stock traded up $0.22 on Friday, hitting $6.21. 65,877 shares of the company's stock were exchanged, compared to its average volume of 453,512. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market capitalization of $241.17 million, a PE ratio of -15.52, a PEG ratio of 1.10 and a beta of 0.81. Orion Group has a 1 year low of $4.64 and a 1 year high of $12.12. The company has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $6.99.
Orion Group (NYSE:ORN - Get Free Report) last released 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 business had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities analysts anticipate that Orion Group will post 0.06 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in Orion Group during the fourth quarter valued at approximately $41,000. Heck Capital Advisors LLC bought a new stake in shares of Orion Group in the 4th quarter worth about $49,000. Quarry LP purchased a new stake in shares of Orion Group during the 4th quarter valued at about $52,000. Petros Family Wealth LLC bought a new position in shares of Orion Group in the 1st quarter valued at about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock worth $69,000 after acquiring an additional 8,965 shares in the last quarter. 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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