Orion Group (ORN) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Orion Group (NYSE:ORN) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other analysts have also issued reports on the company. Canaccord Genuity dropped their price objective on Orion Group from $10.00 to $8.00 and set a hold rating on the stock in a research note on Friday, October 19th. B. Riley reaffirmed a neutral rating and issued a $7.00 target price (down previously from $11.00) on shares of Orion Group in a research report on Friday, October 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $8.63.

NYSE:ORN opened at $4.25 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.55 and a current ratio of 1.59. The company has a market capitalization of $123.11 million, a price-to-earnings ratio of 106.25 and a beta of 1.48. Orion Group has a 12-month low of $4.06 and a 12-month high of $9.83.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Thursday, November 1st. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The firm had revenue of $125.07 million for the quarter, compared to analyst estimates of $140.40 million. Orion Group had a return on equity of 0.38% and a net margin of 1.63%. Equities research analysts predict that Orion Group will post -0.25 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of ORN. Northpointe Capital LLC acquired a new position in shares of Orion Group in the third quarter valued at approximately $2,899,000. BlackRock Inc. grew its position in shares of 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 purchasing an additional 315,502 shares during the last quarter. Man Group plc grew its position in shares of Orion Group by 291.6% in the third quarter. Man Group plc now owns 286,210 shares of the construction company’s stock valued at $2,161,000 after purchasing an additional 213,123 shares during the last quarter. Walthausen & Co. LLC acquired a new position in shares of Orion Group in the third quarter valued at approximately $1,325,000. Finally, Renaissance Technologies LLC grew its position in shares of Orion Group by 29.3% in the third quarter. Renaissance Technologies LLC now owns 679,289 shares of the construction company’s stock valued at $5,129,000 after purchasing an additional 154,074 shares during the last quarter. 88.50% 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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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