Orion Group (NYSE:ORN) Given New $11.50 Price Target at B. Riley

Orion Group (NYSE:ORN) had its price target increased by B. Riley from $9.00 to $11.50 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Separately, Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Orion Group Stock Down 1.5%

ORN stock opened at $8.77 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $346.89 million, a PE ratio of -21.92, a PEG ratio of 1.10 and a beta of 0.99. Orion Group has a 1-year low of $4.64 and a 1-year high of $12.12. The business’s 50 day simple moving average is $7.18 and its 200 day simple moving average is $7.27.

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

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Austin J. Shanfelter sold 30,000 shares of the company’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 transaction, the director now directly owns 419,215 shares of the company’s stock, valued at $3,634,594.05. This represents a 6.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.90% of the company’s stock.

Institutional Trading of Orion Group

Large investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its holdings in shares of Orion Group by 28.3% during the 4th 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 in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Orion Group during the 4th quarter worth $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Orion Group by 20.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company’s stock worth $150,000 after purchasing an additional 3,528 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Orion Group by 104.8% during the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company’s stock worth $3,449,000 after purchasing an additional 240,757 shares in the last quarter. Finally, Deutsche Bank AG increased its stake 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 acquiring an additional 6,326 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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.