Orion Group (NYSE:ORN) Rating Lowered to Hold at StockNews.com

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

Separately, B. Riley reaffirmed a “buy” rating and set a $9.50 price objective (up previously from $6.25) on shares of Orion Group in a report on Thursday, March 14th.

Orion Group Price Performance

NYSE ORN traded up $0.07 during trading on Friday, reaching $7.41. 336,102 shares of the company traded hands, compared to its average volume of 280,189. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 1.26. The stock’s 50 day moving average price is $7.88 and its two-hundred day moving average price is $6.06. The company has a market cap of $240.38 million, a price-to-earnings ratio of -21.17, a P/E/G ratio of 1.68 and a beta of 0.70. Orion Group has a 1-year low of $2.35 and a 1-year high of $9.84.

Orion Group (NYSE:ORN) last announced its earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.06. The business had revenue of $160.67 million for the quarter, compared to the consensus estimate of $174.75 million. Orion Group had a negative return on equity of 4.07% and a negative net margin of 1.59%. As a group, analysts anticipate that Orion Group will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other Orion Group news, EVP Edward Chipman Earle bought 8,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Travis J. Boone acquired 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the transaction, the chief executive officer now directly owns 402,557 shares in the company, valued at $2,821,924.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Chipman Earle acquired 8,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $6.88 per share, with a total value of $55,040.00. Following the transaction, the executive vice president now owns 69,602 shares in the company, valued at $478,861.76. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 22,430 shares of company stock valued at $156,340. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Orion Group

Large investors have recently made changes to their positions in the company. AJOVista LLC bought a new stake in shares of Orion Group in the 4th quarter valued at $51,000. Tower Research Capital LLC TRC increased its holdings in Orion Group by 2,851.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after purchasing an additional 10,094 shares in the last quarter. Jump Financial LLC bought a new position in Orion Group during the 4th quarter worth about $82,000. Citigroup Inc. bought a new position in Orion Group during the 3rd quarter worth about $98,000. Finally, Belvedere Trading LLC bought a new position in Orion Group during the 3rd quarter worth about $112,000. Institutional investors own 70.25% of the company’s stock.

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.