Orion Group (NYSE:ORN) Upgraded at StockNews.com

StockNews.com upgraded shares of Orion Group (NYSE:ORN) from a hold rating to a buy rating in a research report report published on Saturday.

Separately, DA Davidson began coverage on Orion Group in a research note on Friday, January 17th. They set a “buy” rating and a $11.00 target price on the stock.

Orion Group Trading Up 0.4 %

ORN stock opened at $5.59 on Friday. Orion Group has a one year low of $4.85 and a one year high of $12.12. The stock has a market cap of $217.76 million, a price-to-earnings ratio of -13.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93. The company has a fifty day moving average price of $7.26 and a two-hundred day moving average price of $7.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Orion Group (NYSE:ORN) last announced 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 net margin of 1.63% and a negative return on equity of 0.71%. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities analysts anticipate that Orion Group will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Orion Group

Several institutional investors have recently made changes to their positions in ORN. Atria Investments Inc boosted its holdings in shares of Orion Group by 14.6% in the 3rd quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after purchasing an additional 6,285 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Orion Group by 12.9% in the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock worth $10,096,000 after acquiring an additional 200,420 shares during the period. Empowered Funds LLC raised its holdings in Orion Group by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 250,021 shares of the construction company’s stock worth $1,443,000 after purchasing an additional 12,730 shares during the last quarter. Intech Investment Management LLC bought a new position in Orion Group during the third quarter worth $63,000. Finally, Quantbot Technologies LP bought a new position in shares of Orion Group in the 3rd quarter worth about $120,000. 70.25% of the stock is currently owned by institutional investors.

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.