Boston Partners Raises Position in Orion Group Holdings, Inc. $ORN

Boston Partners boosted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 152.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 209,443 shares of the construction company's stock after purchasing an additional 126,397 shares during the period. Boston Partners owned approximately 0.53% of Orion Group worth $1,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Orion Group during the 4th quarter worth about $41,000. CWM LLC grew its position in shares of Orion Group by 303.5% during the 1st quarter. CWM LLC now owns 8,579 shares of the construction company's stock valued at $45,000 after acquiring an additional 6,453 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Orion Group during the 4th quarter valued at about $49,000. Quarry LP acquired a new stake in shares of Orion Group during the 4th quarter valued at about $52,000. Finally, Petros Family Wealth LLC acquired a new stake in shares of Orion Group during the 1st quarter valued at about $68,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ORN shares. B. Riley restated a "buy" rating and set a $11.50 target price (up from $9.00) on shares of Orion Group in a research report on Tuesday, June 10th. Zacks Research cut Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Wall Street Zen cut Orion Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.25.

Orion Group Price Performance

Orion Group stock traded up $0.3920 during midday trading on Friday, reaching $6.9820. The company had a trading volume of 706,845 shares, compared to its average volume of 515,699. The company has a market capitalization of $277.46 million, a P/E ratio of 25.86, a P/E/G ratio of 13.94 and a beta of 1.03. Orion Group Holdings, Inc. has a 12-month low of $4.64 and a 12-month high of $9.95. The firm's fifty day simple moving average is $8.18 and its 200-day simple moving average is $7.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.38 and a quick ratio of 1.37.

About Orion Group

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.