Orion Group (ORN) Stock Rating Lowered by ValuEngine

Orion Group (NYSE:ORN) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the stock. B. Riley boosted their price target on shares of Orion Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Noble Financial set a $10.00 price target on shares of Orion Group and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $10.00 price target on shares of Orion Group in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Orion Group has an average rating of “Hold” and an average target price of $9.63.

Orion Group stock opened at $5.91 on Thursday. The firm has a market capitalization of $196.17 million, a price-to-earnings ratio of -42.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.63 and a quick ratio of 1.59. Orion Group has a 12 month low of $5.88 and a 12 month high of $9.83.

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

In related news, Director Austin J. Shanfelter sold 4,606 shares of Orion Group stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $8.08, for a total transaction of $37,216.48. Following the sale, the director now directly owns 33,292 shares in the company, valued at $268,999.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Austin J. Shanfelter sold 12,064 shares of Orion Group stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $9.28, for a total transaction of $111,953.92. Following the sale, the director now owns 34,686 shares in the company, valued at $321,886.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,769 shares of company stock worth $207,111. Company insiders own 7.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ORN. BlackRock Inc. raised its stake in shares of Orion Group by 2.5% during the first quarter. BlackRock Inc. now owns 3,702,404 shares of the construction company’s stock valued at $24,399,000 after purchasing an additional 89,343 shares in the last quarter. JPMorgan Chase & Co. raised its position in Orion Group by 158.0% in the first quarter. JPMorgan Chase & Co. now owns 158,326 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 96,967 shares in the last quarter. California Public Employees Retirement System raised its position in Orion Group by 13.4% in the first quarter. California Public Employees Retirement System now owns 93,525 shares of the construction company’s stock worth $616,000 after acquiring an additional 11,025 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $14,658,000 after acquiring an additional 136,757 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Orion Group in the first quarter worth about $148,000. Institutional investors and hedge funds own 87.72% 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 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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