Orion Group (NYSE:ORN) Research Coverage Started at DA Davidson

DA Davidson initiated coverage on shares of Orion Group (NYSE:ORNFree Report) in a research note issued to investors on Friday morning, MarketBeat reports. The firm issued a buy rating and a $11.00 target price on the construction company’s stock.

Separately, StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Read Our Latest Stock Report on ORN

Orion Group Stock Performance

NYSE:ORN opened at $7.99 on Friday. The business’s fifty day moving average is $7.97 and its 200 day moving average is $7.45. The firm has a market cap of $310.62 million, a price-to-earnings ratio of -19.96, a PEG ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group has a 52-week low of $4.87 and a 52-week high of $12.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in Orion Group by 1,936.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after purchasing an additional 8,965 shares during the period. Intech Investment Management LLC bought a new stake in shares of Orion Group during the third quarter valued at approximately $63,000. SG Americas Securities LLC bought a new stake in shares of Orion Group during the third quarter valued at approximately $67,000. The Manufacturers Life Insurance Company purchased a new position in shares of Orion Group in the second quarter worth $115,000. Finally, Quantbot Technologies LP bought a new position in shares of Orion Group during the third quarter worth $120,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

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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.

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