B. Riley Raises Orion Group (NYSE:ORN) Price Target to $5.75

Orion Group (NYSE:ORN) had its target price hoisted by B. Riley from $5.00 to $5.75 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the construction company’s stock. B. Riley also issued estimates for Orion Group’s Q4 2019 earnings at $0.03 EPS.

Other equities research analysts also recently issued reports about the stock. TheStreet downgraded shares of Orion Group from a c- rating to a d rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded shares of Orion Group from a sell rating to a hold rating in a research note on Wednesday, May 29th. Mizuho reiterated a buy rating and issued a $7.10 target price on shares of Orion Group in a research note on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of Orion Group from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $6.54.

Shares of NYSE ORN traded down $0.26 during mid-day trading on Friday, hitting $4.39. The company had a trading volume of 13,292 shares, compared to its average volume of 435,721. The company has a market cap of $131.40 million, a P/E ratio of -11.85 and a beta of 1.06. The company has a 50-day moving average price of $3.24. The company has a quick ratio of 1.39, a current ratio of 1.35 and a debt-to-equity ratio of 0.75. Orion Group has a one year low of $1.80 and a one year high of $9.83.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.05). The company had revenue of $143.11 million during the quarter, compared to the consensus estimate of $126.76 million. Orion Group had a negative net margin of 20.68% and a negative return on equity of 12.42%. On average, sell-side analysts forecast that Orion Group will post -0.27 earnings per share for the current year.

In related news, CFO Robert L. Tabb acquired 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was purchased at an average cost of $1.94 per share, for a total transaction of $38,800.00. Following the completion of the transaction, the chief financial officer now directly owns 26,872 shares of the company’s stock, valued at approximately $52,131.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Peter R. Buchler acquired 30,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average price of $1.98 per share, with a total value of $59,400.00. Following the completion of the transaction, the vice president now directly owns 180,656 shares of the company’s stock, valued at $357,698.88. The disclosure for this purchase can be found here. Insiders have acquired 63,285 shares of company stock valued at $124,098 over the last 90 days. Company insiders own 7.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Orion Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,432,909 shares of the construction company’s stock worth $10,437,000 after acquiring an additional 10,626 shares during the last quarter. Grace & White Inc. NY raised its position in shares of Orion Group by 35.3% in the second quarter. Grace & White Inc. NY now owns 1,553,777 shares of the construction company’s stock valued at $4,164,000 after buying an additional 405,794 shares in the last quarter. Walthausen & Co. LLC raised its position in shares of Orion Group by 6.3% in the first quarter. Walthausen & Co. LLC now owns 358,140 shares of the construction company’s stock valued at $1,046,000 after buying an additional 21,340 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Orion Group by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 328,780 shares of the construction company’s stock valued at $1,411,000 after buying an additional 17,472 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Orion Group by 1.9% in the first quarter. Wedge Capital Management L L P NC now owns 321,809 shares of the construction company’s stock valued at $940,000 after buying an additional 6,026 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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