Orion Group (NYSE:ORN) Raised to Buy at StockNews.com

Orion Group (NYSE:ORN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They set a “buy” rating and a $11.00 price target on the stock.

Orion Group Stock Performance

Shares of NYSE:ORN opened at $5.56 on Friday. The firm has a fifty day simple moving average of $7.31 and a two-hundred day simple moving average of $7.14. Orion Group has a 52 week low of $4.85 and a 52 week high of $12.12. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $216.59 million, a P/E ratio of -13.89, a PEG ratio of 1.10 and a beta of 0.93.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $216.88 million during the quarter, compared to analyst estimates of $271.70 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. During the same period last year, the company earned $0.08 EPS. On average, analysts expect that Orion Group will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Orion Group in the fourth quarter valued at about $49,000. PharVision Advisers LLC bought a new position in Orion Group in the fourth quarter worth approximately $197,000. Squarepoint Ops LLC boosted its position in Orion Group by 77.0% during the 4th quarter. Squarepoint Ops LLC now owns 48,861 shares of the construction company’s stock valued at $358,000 after acquiring an additional 21,255 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of Orion Group in the 4th quarter worth $92,000. Finally, ProShare Advisors LLC bought a new stake in Orion Group during the fourth quarter valued at about $75,000. 70.25% of the stock is currently owned by hedge funds and other 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 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.