Orion Group (ORN) Stock Rating Lowered by ValuEngine

Share on StockTwits

ValuEngine lowered shares of Orion Group (NYSE:ORN) from a hold rating to a sell rating in a research note published on Thursday.

ORN has been the subject of a number of other research reports. Canaccord Genuity restated a buy rating and issued a $10.00 price target on shares of Orion Group in a research report on Thursday, August 2nd. Noble Financial set a $10.00 price target on Orion Group and gave the stock a buy rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Orion Group from a hold rating to a strong-buy rating and set a $9.50 price target for the company in a research report on Wednesday, July 11th. Finally, B. Riley upped their price target on Orion Group from $10.00 to $11.00 and gave the stock a buy rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Orion Group has a consensus rating of Hold and an average price target of $8.63.

Orion Group stock traded down $0.20 during mid-day trading on Thursday, reaching $5.91. 353,177 shares of the stock traded hands, compared to its average volume of 159,317. The stock has a market cap of $170.75 million, a PE ratio of 73.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 1.63. Orion Group has a 12-month low of $5.88 and a 12-month high of $9.83.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The company had revenue of $159.77 million during the quarter, compared to analysts’ expectations of $150.97 million. Orion Group had a return on equity of 0.96% and a net margin of 1.81%. As a group, sell-side analysts predict that Orion Group will post 0.17 EPS for the current fiscal year.

In related news, CFO Christopher James Dealmeida sold 5,999 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $9.50, for a total transaction of $56,990.50. Following the completion of the sale, the chief financial officer now owns 89,132 shares in the company, valued at $846,754. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Austin J. Shanfelter sold 12,064 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $9.28, for a total value of $111,953.92. Following the sale, the director now owns 34,686 shares of the company’s stock, valued at approximately $321,886.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,769 shares of company stock valued at $207,111. Company insiders own 7.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC grew its position in shares of Orion Group by 3.0% during the second quarter. Foundry Partners LLC now owns 873,124 shares of the construction company’s stock worth $7,212,000 after purchasing an additional 25,500 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Orion Group during the second quarter worth about $314,000. Municipal Employees Retirement System of Michigan grew its position in shares of Orion Group by 207.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 32,059 shares of the construction company’s stock worth $265,000 after purchasing an additional 21,629 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Orion Group by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,350,504 shares of the construction company’s stock worth $19,415,000 after purchasing an additional 126,243 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Orion Group during the second quarter worth about $440,000. Hedge funds and other institutional investors own 87.72% 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 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.

Further Reading: Trading Strategy

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Orion Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply