B. Riley Reiterates Buy Rating for Orion Group (NYSE:ORN)

B. Riley restated their buy rating on shares of Orion Group (NYSE:ORN - Free Report) in a report released on Tuesday morning, MarketBeat.com reports. They currently have a $11.50 price objective on the construction company's stock, up from their prior price objective of $9.00.

Separately, Wall Street Zen raised Orion Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

Orion Group Price Performance

NYSE:ORN traded up $0.06 during trading hours on Tuesday, reaching $8.81. 139,718 shares of the company's stock were exchanged, compared to its average volume of 455,567. Orion Group has a 12 month low of $4.64 and a 12 month high of $12.12. The company has a market capitalization of $348.47 million, a P/E ratio of -22.01, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $7.18 and its two-hundred day simple moving average is $7.27.

Orion Group (NYSE:ORN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.12. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The company had revenue of $188.65 million for the quarter, compared to the consensus estimate of $177.33 million. Sell-side analysts expect that Orion Group will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at Orion Group

In other news, Director Austin J. Shanfelter sold 30,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $8.67, for a total transaction of $260,100.00. Following the completion of the transaction, the director now directly owns 419,215 shares in the company, valued at approximately $3,634,594.05. The trade was a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Orion Group in the fourth quarter worth about $41,000. CWM LLC boosted its holdings in Orion Group by 303.5% during the first quarter. CWM LLC now owns 8,579 shares of the construction company's stock worth $45,000 after purchasing an additional 6,453 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Orion Group in the 4th quarter valued at about $49,000. Quarry LP acquired a new position in shares of Orion Group during the 4th quarter worth approximately $52,000. Finally, Petros Family Wealth LLC bought a new stake in Orion Group during the first quarter worth $68,000. 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.