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

Orion Group (NYSE:ORN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, B. Riley reiterated a “buy” rating and issued a $9.50 target price (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th.

Orion Group Trading Up 1.0 %

NYSE:ORN traded up $0.07 on Friday, hitting $7.41. 336,102 shares of the stock were exchanged, compared to its average volume of 280,189. The stock has a market cap of $240.38 million, a PE ratio of -21.17, a PEG ratio of 1.68 and a beta of 0.70. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $7.88 and a 200-day moving average of $6.06. Orion Group has a fifty-two week low of $2.35 and a fifty-two week high of $9.84.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. The company had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. Orion Group had a negative return on equity of 4.07% and a negative net margin of 1.59%. As a group, equities analysts expect that Orion Group will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Travis J. Boone bought 12,000 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the purchase, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Orion Group news, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the purchase, the executive vice president now directly owns 69,602 shares in the company, valued at $478,861.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Travis J. Boone acquired 12,000 shares of the stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $7.01 per share, with a total value of $84,120.00. Following the purchase, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 22,430 shares of company stock worth $156,340. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Orion Group

A number of hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in Orion Group by 806.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock valued at $2,106,000 after purchasing an additional 228,533 shares in the last quarter. G2 Investment Partners Management LLC lifted its holdings in Orion Group by 715.1% during the 4th quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after buying an additional 422,842 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Orion Group by 2,851.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after buying an additional 10,094 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in Orion Group by 29.8% during the 4th quarter. Essex Investment Management Co. LLC now owns 368,981 shares of the construction company’s stock worth $1,823,000 after buying an additional 84,657 shares during the last quarter. Finally, Boston Partners lifted its holdings in Orion Group by 10.6% during the 4th quarter. Boston Partners now owns 283,655 shares of the construction company’s stock worth $1,401,000 after buying an additional 27,164 shares during 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.