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

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

Orion Group Trading Up 3.1 %

NYSE ORN opened at $6.30 on Friday. The stock has a market capitalization of $210.23 million, a PE ratio of -15.75, a price-to-earnings-growth ratio of 8.15 and a beta of 0.80. The firm has a 50 day moving average of $6.16 and a two-hundred day moving average of $7.84. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Orion Group has a 52 week low of $4.09 and a 52 week high of $12.12.

Insider Transactions at Orion Group

In other Orion Group news, CEO Travis J. Boone bought 3,700 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $6.79 per share, with a total value of $25,123.00. Following the acquisition, the chief executive officer now directly owns 488,719 shares of the company’s stock, valued at $3,318,402.01. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Travis J. Boone bought 3,700 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $6.79 per share, with a total value of $25,123.00. Following the completion of the acquisition, the chief executive officer now directly owns 488,719 shares in the company, valued at approximately $3,318,402.01. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary E. Sullivan acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $6.80 per share, for a total transaction of $68,000.00. Following the acquisition, the director now directly owns 256,187 shares of the company’s stock, valued at $1,742,071.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 33,453 shares of company stock worth $212,423. 7.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Orion Group

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in Orion Group in the 1st quarter valued at about $41,000. SG Americas Securities LLC bought a new position in Orion Group during the 3rd quarter worth approximately $67,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Orion Group in the 1st quarter valued at about $83,000. Valmark Advisers Inc. acquired a new position in Orion Group during the 2nd quarter valued at approximately $107,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Orion Group in the 2nd quarter valued at about $115,000. 70.25% of the stock is owned by institutional investors and hedge funds.

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.