StockNews.com Downgrades Orion Group (NYSE:ORN) to Hold

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

Separately, DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They set a “buy” rating and a $11.00 price objective for the company.

Orion Group Stock Down 3.1 %

NYSE:ORN opened at $5.75 on Friday. The company has a market cap of $223.53 million, a PE ratio of -14.36, a P/E/G ratio of 1.10 and a beta of 0.93. Orion Group has a twelve month low of $4.85 and a twelve month high of $12.12. 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 company’s 50 day moving average is $7.51 and its two-hundred day moving average is $7.21.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, March 4th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $216.88 million for the quarter, compared to the consensus estimate of $271.70 million. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. During the same quarter in the previous year, the firm earned $0.08 EPS. Analysts anticipate that Orion Group will post 0.06 EPS for the current year.

Institutional Trading of Orion Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Corebridge Financial Inc. lifted its stake in Orion Group by 8.4% during the 4th quarter. Corebridge Financial Inc. now owns 18,043 shares of the construction company’s stock valued at $132,000 after acquiring an additional 1,396 shares during the period. Rhumbline Advisers boosted its holdings in Orion Group by 6.5% during the fourth quarter. Rhumbline Advisers now owns 36,138 shares of the construction company’s stock worth $265,000 after buying an additional 2,198 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Orion Group by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 73,664 shares of the construction company’s stock worth $540,000 after buying an additional 3,432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Orion Group by 20.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company’s stock worth $150,000 after buying an additional 3,528 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Orion Group by 16.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,928 shares of the construction company’s stock worth $197,000 after buying an additional 3,728 shares in the last quarter. 70.25% of the stock is currently 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.