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

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

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

Orion Group Price Performance

Shares of NYSE ORN opened at $5.56 on Friday. 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 has a 52 week low of $4.85 and a 52 week high of $12.12. The business’s 50 day moving average price is $7.31 and its 200 day moving average price is $7.14. The firm has a market cap of $216.59 million, a P/E ratio of -13.89, a P/E/G ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $216.88 million during the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same period in the previous year, the company posted $0.08 earnings per share. On average, sell-side analysts expect that Orion Group will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

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