Orion Group’s (ORN) “Buy” Rating Reiterated at B. Riley

B. Riley restated their buy rating on shares of Orion Group (NYSE:ORN) in a report released on Tuesday, MarketBeat reports. B. Riley currently has a $11.50 price target on the construction company’s stock, up from their prior price target of $9.00.

Separately, Wall Street Zen raised shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Orion Group Stock Performance

Shares of Orion Group stock opened at $8.57 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group has a 1 year low of $4.64 and a 1 year high of $12.12. The firm’s 50-day simple moving average is $7.33 and its 200-day simple moving average is $7.28. The firm has a market cap of $338.98 million, a PE ratio of -21.42, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. Equities analysts forecast that Orion Group will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Austin J. Shanfelter sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the sale, the director now owns 419,215 shares of the company’s stock, valued at approximately $3,634,594.05. This trade represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in shares of Orion Group during the fourth quarter valued at $41,000. CWM LLC lifted its position in Orion Group by 303.5% in the 1st quarter. CWM LLC now owns 8,579 shares of the construction company’s stock valued at $45,000 after purchasing an additional 6,453 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Orion Group during the 4th quarter valued at about $49,000. Quarry LP acquired a new position in Orion Group during the 4th quarter valued at about $52,000. Finally, Petros Family Wealth LLC bought a new position in Orion Group in the 1st quarter worth about $68,000. 70.25% of the stock is currently owned by institutional investors.

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.