Boston Partners raised its position in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 152.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,443 shares of the construction company's stock after acquiring an additional 126,397 shares during the quarter. Boston Partners owned approximately 0.53% of Orion Group worth $1,095,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Orion Group during the fourth quarter worth about $41,000. CWM LLC grew its position in shares of 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 buying an additional 6,453 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Orion Group during the fourth quarter worth about $49,000. Quarry LP acquired a new position in shares of Orion Group during the fourth quarter worth about $52,000. Finally, Petros Family Wealth LLC acquired a new position in shares of Orion Group during the first quarter worth about $68,000. 70.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ORN. Wall Street Zen cut Orion Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. B. Riley restated a "buy" rating and set a $11.50 target price (up previously from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th. Finally, Zacks Research cut Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.25.
Get Our Latest Analysis on Orion Group
Orion Group Price Performance
NYSE:ORN traded down $0.0650 during trading hours on Thursday, hitting $6.5550. The company's stock had a trading volume of 378,591 shares, compared to its average volume of 413,882. The business's 50-day moving average is $8.25 and its two-hundred day moving average is $7.39. The company has a market capitalization of $260.46 million, a PE ratio of 24.28, a PEG ratio of 13.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.37 and a current ratio of 1.38. Orion Group Holdings, Inc. has a 52-week low of $4.64 and a 52-week high of $9.95.
About Orion Group
(
Free Report)
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.
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