Orion Group (NYSE:ORN) Lowered to “Hold” at StockNews.com

Orion Group (NYSE:ORN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, B. Riley reiterated a “buy” rating and issued a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a report on Thursday, March 14th.

Orion Group Price Performance

ORN opened at $7.42 on Friday. The stock has a fifty day simple moving average of $7.88 and a two-hundred day simple moving average of $6.07. The company has a current ratio of 1.33, a quick ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a market cap of $240.70 million, a price-to-earnings ratio of -21.20, a price-to-earnings-growth ratio of 1.55 and a beta of 0.70. Orion Group has a 12-month low of $2.35 and a 12-month high of $9.84.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $160.67 million during the quarter, compared to the consensus estimate of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. Research analysts predict that Orion Group will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Travis J. Boone purchased 12,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 402,557 shares of the company’s stock, valued at $2,821,924.57. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Edward Chipman Earle purchased 8,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $6.88 per share, for a total transaction of $55,040.00. Following the completion of the acquisition, the executive vice president now directly owns 69,602 shares of the company’s stock, valued at $478,861.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Travis J. Boone purchased 12,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $7.01 per share, with a total value of $84,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 402,557 shares of the company’s stock, valued at $2,821,924.57. The disclosure for this purchase can be found here. Insiders purchased 22,430 shares of company stock worth $156,340 over the last three months. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Orion Group

Institutional investors have recently modified their holdings of the business. AJOVista LLC purchased a new stake in shares of Orion Group during the fourth quarter valued at $51,000. Tower Research Capital LLC TRC boosted its position in shares of Orion Group by 2,851.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after buying an additional 10,094 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Orion Group during the fourth quarter valued at $82,000. Citigroup Inc. purchased a new stake in shares of Orion Group during the third quarter valued at $98,000. Finally, Belvedere Trading LLC purchased a new stake in shares of Orion Group during the third quarter valued at $112,000. 70.25% of the stock is 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.