Orion Group (NYSE:ORN) Earns Buy Rating from B. Riley

Orion Group (NYSE:ORN)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $11.50 price target on the construction company’s stock, up from their previous price target of $9.00. B. Riley’s price target would indicate a potential upside of 31.13% from the company’s previous close.

Separately, Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

Orion Group Stock Down 1.5%

Orion Group stock opened at $8.77 on Tuesday. The company’s 50-day moving average price is $7.18 and its two-hundred day moving average price is $7.27. 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 cap of $346.89 million, a P/E ratio of -21.92, a P/E/G ratio of 1.10 and a beta of 0.99. Orion Group has a twelve month low of $4.64 and a twelve month high of $12.12.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The business had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. As a group, analysts expect that Orion Group will post 0.06 EPS for the current year.

Insiders Place Their Bets

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the sale, the director now owns 419,215 shares of the company’s stock, valued at approximately $3,634,594.05. This trade represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ORN. D. E. Shaw & Co. Inc. grew its stake in shares of Orion Group by 28.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,260 shares of the construction company’s stock worth $596,000 after purchasing an additional 17,934 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Orion Group in the 4th quarter worth approximately $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 purchasing an additional 3,528 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Orion Group by 104.8% during the fourth quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company’s stock worth $3,449,000 after buying an additional 240,757 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Orion Group by 26.5% in the fourth quarter. Deutsche Bank AG now owns 30,225 shares of the construction company’s stock valued at $222,000 after buying an additional 6,326 shares during the period. Institutional investors and hedge funds own 70.25% 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 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.