DA Davidson Begins Coverage on Orion Group (NYSE:ORN)

Research analysts at DA Davidson initiated coverage on shares of Orion Group (NYSE:ORN) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $11.00 price target on the construction company’s stock. DA Davidson’s price target would indicate a potential upside of 37.76% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Orion Group Price Performance

Shares of ORN opened at $7.99 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The stock has a market cap of $310.62 million, a P/E ratio of -19.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The stock’s 50-day moving average price is $7.97 and its two-hundred day moving average price is $7.45. Orion Group has a 1 year low of $4.87 and a 1 year high of $12.12.

Hedge Funds Weigh In On Orion Group

Institutional investors have recently modified their holdings of the business. Portolan Capital Management LLC raised its holdings in Orion Group by 56.6% during the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after buying an additional 717,533 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Orion Group during the third quarter worth $2,318,000. American Century Companies Inc. lifted its position in Orion Group by 311.9% in the 2nd quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock valued at $4,312,000 after acquiring an additional 343,368 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Orion Group in the 3rd quarter worth $1,873,000. Finally, Royce & Associates LP increased its holdings in Orion Group by 12.9% during the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock worth $10,096,000 after purchasing an additional 200,420 shares in the last quarter. Institutional investors 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.