Orion Group (NYSE:ORN) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Orion Group (NYSE:ORN) from a buy rating to a hold rating in a research report released on Sunday morning.

ORN has been the subject of several other reports. DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company. B. Riley raised shares of Orion Group to a “strong-buy” rating in a research report on Tuesday, March 18th.

Orion Group Stock Performance

Orion Group stock opened at $5.77 on Friday. Orion Group has a fifty-two week low of $4.85 and a fifty-two week high of $12.12. The firm’s 50 day simple moving average is $7.13 and its 200-day simple moving average is $7.08. 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 market cap of $224.97 million, a P/E ratio of -14.42, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $216.88 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.08 EPS. As a group, equities research analysts predict that Orion Group will post 0.06 EPS for the current year.

Institutional Trading of Orion Group

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in shares of Orion Group during the 4th quarter worth about $41,000. Heck Capital Advisors LLC bought a new position in Orion Group during the fourth quarter valued at approximately $49,000. Quarry LP bought a new position in Orion Group during the fourth quarter valued at approximately $52,000. Intech Investment Management LLC acquired a new stake in Orion Group in the third quarter valued at approximately $63,000. 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 and hedge funds own 70.25% of the company’s stock.

Orion Group Company Profile

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.