B. Riley reaffirmed their buy rating on shares of Orion Group (NYSE:ORN) in a research note published on Monday. B. Riley currently has a $10.00 price objective on the construction company’s stock. B. Riley also issued estimates for Orion Group’s Q4 2017 earnings at $0.09 EPS.
Other analysts also recently issued research reports about the stock. FBR & Co decreased their price objective on shares of Orion Group from $12.00 to $10.00 and set a buy rating for the company in a research note on Friday, August 18th. Canaccord Genuity reissued a hold rating and issued a $7.00 price objective on shares of Orion Group in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Orion Group from a strong sell rating to a hold rating in a research note on Tuesday, October 24th. Finally, ValuEngine downgraded shares of Orion Group from a hold rating to a sell rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Orion Group presently has a consensus rating of Hold and a consensus target price of $9.00.
Shares of Orion Group (ORN) traded down $0.15 during midday trading on Monday, reaching $7.47. 67,600 shares of the company’s stock traded hands, compared to its average volume of 124,647. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group has a twelve month low of $5.17 and a twelve month high of $11.11.
Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). The firm had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. sell-side analysts predict that Orion Group will post -0.05 earnings per share for the current fiscal year.
In other news, Director Austin J. Shanfelter sold 9,721 shares of Orion Group stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the sale, the director now owns 31,430 shares of the company’s stock, valued at $235,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. QS Investors LLC increased its holdings in Orion Group by 94.3% during the second quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after buying an additional 6,613 shares during the period. Stevens Capital Management LP increased its holdings in Orion Group by 8.7% during the second quarter. Stevens Capital Management LP now owns 14,314 shares of the construction company’s stock valued at $107,000 after buying an additional 1,151 shares during the period. Arizona State Retirement System increased its holdings in Orion Group by 0.7% during the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after buying an additional 100 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Orion Group during the second quarter valued at approximately $133,000. Finally, Voya Investment Management LLC increased its holdings in Orion Group by 21.6% during the second quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after buying an additional 3,175 shares during the period. 85.64% of the stock is owned by hedge funds and other institutional investors.
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About Orion Group
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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