Orion Group (NYSE:ORN) Stock Rating Lowered by StockNews.com

Orion Group (NYSE:ORN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other research analysts have also issued reports about the company. B. Riley upgraded Orion Group to a “strong-buy” rating in a report on Tuesday, March 18th. DA Davidson started coverage on Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price for the company.

Orion Group Trading Down 2.0 %

ORN opened at $5.77 on Friday. Orion Group has a 52 week low of $4.85 and a 52 week high of $12.12. The business has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $7.09. The firm has a market cap of $224.97 million, a P/E ratio of -14.42, a P/E/G ratio of 1.10 and a beta of 0.93. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last released its quarterly 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. 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 period last year, the business posted $0.08 earnings per share. On average, equities analysts expect that Orion Group will post 0.06 earnings per share for the current year.

Institutional Trading of Orion Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Orion Group during the fourth quarter worth about $49,000. PharVision Advisers LLC acquired a new position in Orion Group in the 4th quarter valued at about $197,000. Squarepoint Ops LLC increased its position in Orion Group by 77.0% in the 4th quarter. Squarepoint Ops LLC now owns 48,861 shares of the construction company’s stock valued at $358,000 after acquiring an additional 21,255 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in Orion Group in the 4th quarter valued at about $92,000. Finally, ProShare Advisors LLC acquired a new position in Orion Group in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.