Zacks Investment Research upgraded shares of Orion Group (NYSE:ORN) from a hold rating to a strong-buy rating in a research note published on Wednesday morning, Zacks.com reports. The firm currently has $4.75 price target on the construction company’s stock.
According to Zacks, “Orion Group Holdings, Inc. is a construction company which provides services on and off the water primarily in the continental United States, Alaska, Canada and the Caribbean Basin. The company’s operating segment consists of heavy civil marine construction segment and commercial concrete segment. Heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design and specialty services. Commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar and mesh across the light commercial, structural and other associated business areas. Orion Group Holdings, Inc., formerly known as Orion Marine Group Inc., is headquartered in Houston, Texas. “
ORN has been the subject of a number of other research reports. ValuEngine cut shares of Orion Group from a strong-buy rating to a buy rating in a research note on Friday, October 4th. Noble Financial restated a buy rating and issued a $7.10 price objective on shares of Orion Group in a research note on Sunday, October 6th. B. Riley increased their price objective on shares of Orion Group from $5.00 to $5.75 and gave the company a buy rating in a research note on Friday, August 2nd. Finally, Mizuho restated a buy rating and issued a $7.10 price objective on shares of Orion Group in a research note on Tuesday, July 2nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $6.54.
Shares of ORN stock opened at $4.31 on Wednesday. Orion Group has a 52-week low of $1.80 and a 52-week high of $7.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a fifty day moving average of $4.33 and a 200-day moving average of $3.34.
Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. Orion Group had a negative net margin of 20.68% and a negative return on equity of 12.42%. The company had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $153.44 million. Sell-side analysts expect that Orion Group will post -0.18 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of ORN. Dimensional Fund Advisors LP grew its holdings in shares of Orion Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,432,909 shares of the construction company’s stock worth $10,437,000 after purchasing an additional 10,626 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Orion Group by 42.9% in the 1st quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock worth $48,000 after purchasing an additional 4,914 shares during the last quarter. US Bancorp DE grew its holdings in shares of Orion Group by 3.9% in the 1st quarter. US Bancorp DE now owns 211,957 shares of the construction company’s stock worth $619,000 after purchasing an additional 8,000 shares during the last quarter. Grace & White Inc. NY grew its holdings in shares of Orion Group by 35.3% in the 2nd quarter. Grace & White Inc. NY now owns 1,553,777 shares of the construction company’s stock worth $4,164,000 after purchasing an additional 405,794 shares during the last quarter. Finally, Eidelman Virant Capital bought a new stake in shares of Orion Group in the 2nd quarter worth about $80,000. 78.92% of the stock is currently owned by institutional investors and hedge funds.
Orion Group Company Profile
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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