Orion Group (NYSE:ORN) Stock Rating Lowered by StockNews.com

Orion Group (NYSE:ORN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other equities research analysts have also issued research reports about the company. B. Riley raised Orion Group to a “strong-buy” rating in a research note on Tuesday, March 18th. DA Davidson initiated coverage on Orion Group in a research note on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the stock.

Orion Group Stock Performance

NYSE ORN opened at $5.77 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $7.17 and its two-hundred day moving average is $7.09. Orion Group has a 12-month low of $4.85 and a 12-month high of $12.12. The stock has a market capitalization of $224.97 million, a price-to-earnings ratio of -14.42, a PEG ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $216.88 million for the quarter, compared to analysts’ expectations of $271.70 million. During the same quarter in the previous year, the firm posted $0.08 EPS. Research analysts expect that Orion Group will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Orion Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corebridge Financial Inc. lifted its stake in Orion Group by 8.4% in the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company’s stock valued at $132,000 after buying an additional 1,396 shares in the last quarter. Rhumbline Advisers lifted its stake in Orion Group by 6.5% in the 4th quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock valued at $265,000 after buying an additional 2,198 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Orion Group by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company’s stock valued at $540,000 after buying an additional 3,432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Orion Group by 20.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company’s stock valued at $150,000 after buying an additional 3,528 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Orion Group by 16.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company’s stock valued at $197,000 after buying an additional 3,728 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.