ValuEngine Downgrades Orion Group (ORN) to Hold

ValuEngine lowered shares of Orion Group (NYSE:ORN) from a buy rating to a hold rating in a research note released on Wednesday, September 12th.

Other equities research analysts have also issued reports about the company. B. Riley boosted their target price on Orion Group from $10.00 to $11.00 and gave the stock a buy rating in a report on Tuesday, August 7th. Noble Financial set a $10.00 price target on Orion Group and gave the stock a buy rating in a report on Friday, August 3rd. Canaccord Genuity reiterated a buy rating and set a $10.00 price target on shares of Orion Group in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut Orion Group from a buy rating to a hold rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $10.13.

ORN traded down $0.20 during trading on Wednesday, reaching $6.70. The company had a trading volume of 67,639 shares, compared to its average volume of 141,096. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24. Orion Group has a 12-month low of $5.88 and a 12-month high of $9.83. The stock has a market capitalization of $218.13 million, a P/E ratio of -47.86 and a beta of 1.14.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The business had revenue of $159.77 million during the quarter, compared to analyst estimates of $150.97 million. Orion Group had a return on equity of 0.96% and a net margin of 1.81%. On average, research analysts predict that Orion Group will post 0.17 earnings per share for the current year.

In other news, insider Mark R. Stauffer sold 10,000 shares of the stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the sale, the insider now owns 443,221 shares in the company, valued at $3,988,989. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Austin J. Shanfelter sold 12,064 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $9.28, for a total value of $111,953.92. Following the transaction, the director now directly owns 34,686 shares in the company, valued at approximately $321,886.08. The disclosure for this sale can be found here. Insiders sold 32,769 shares of company stock worth $297,111 over the last quarter. Company insiders own 7.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ORN. Russell Investments Group Ltd. lifted its stake in shares of Orion Group by 55.2% during the first quarter. Russell Investments Group Ltd. now owns 2,493,123 shares of the construction company’s stock valued at $16,430,000 after acquiring an additional 886,291 shares during the period. BlackRock Inc. lifted its stake in Orion Group by 8.5% in the second quarter. BlackRock Inc. now owns 4,017,906 shares of the construction company’s stock valued at $33,187,000 after buying an additional 315,502 shares during the period. Dimensional Fund Advisors LP lifted its stake in Orion Group by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,224,261 shares of the construction company’s stock valued at $14,658,000 after buying an additional 136,757 shares during the period. Acadian Asset Management LLC lifted its stake in Orion Group by 2,315.1% in the second quarter. Acadian Asset Management LLC now owns 126,550 shares of the construction company’s stock valued at $1,045,000 after buying an additional 121,310 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Orion Group by 158.0% in the first quarter. JPMorgan Chase & Co. now owns 158,326 shares of the construction company’s stock valued at $1,043,000 after buying an additional 96,967 shares during the period. 87.71% 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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