Price T Rowe Associates Inc. MD Takes Position in Orion Group Holdings, Inc. (NYSE:ORN)

Price T Rowe Associates Inc. MD acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,010 shares of the construction company’s stock, valued at approximately $103,000.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Orion Group in the 4th quarter valued at $49,000. Perritt Capital Management Inc bought a new stake in shares of Orion Group in the 4th quarter valued at $73,000. Aigen Investment Management LP bought a new stake in shares of Orion Group in the 4th quarter valued at $80,000. Raymond James Financial Inc. bought a new stake in shares of Orion Group in the 4th quarter valued at $88,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Orion Group in the 4th quarter valued at $102,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

Orion Group Price Performance

ORN opened at $8.67 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company has a market capitalization of $343.01 million, a price-to-earnings ratio of -21.68, a P/E/G ratio of 1.10 and a beta of 0.91. The firm’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $7.19. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, April 29th. The construction company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $188.65 million for the quarter, compared to analysts’ expectations 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 anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

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.