Nuveen LLC Makes New Investment in Orion Group Holdings, Inc. $ORN

Key Points

• Nuveen LLC has made a new investment in Orion Group Holdings by acquiring 346,633 shares valued at approximately $1.8 million, representing about 0.88% ownership of the company.
• Orion Group stock has experienced a 2.3% decline recently, currently trading at $7.44, with its 12-month price range between $4.64 and $9.95.
• Analysts show a mixed outlook on Orion Group, with B. Riley issuing a buy rating with a revised price target of $11.50, while Zacks and Wall Street Zen have downgraded their recommendations.

Nuveen LLC bought a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 346,633 shares of the construction company's stock, valued at approximately $1,813,000. Nuveen LLC owned about 0.88% of Orion Group at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Orion Group by 6.1% in the 1st quarter. Invesco Ltd. now owns 742,770 shares of the construction company's stock valued at $3,885,000 after purchasing an additional 42,392 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of Orion Group by 12.2% in the 1st quarter. CenterBook Partners LP now owns 718,486 shares of the construction company's stock valued at $3,758,000 after purchasing an additional 77,900 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Orion Group by 76.1% in the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock valued at $4,944,000 after purchasing an additional 291,550 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Orion Group by 104.8% in the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company's stock valued at $3,449,000 after purchasing an additional 240,757 shares during the last quarter. Finally, Acuitas Investments LLC boosted its stake in shares of Orion Group by 22.8% in the 1st quarter. Acuitas Investments LLC now owns 441,381 shares of the construction company's stock valued at $2,308,000 after purchasing an additional 81,923 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Orion Group Stock Down 2.3%

Orion Group stock opened at $7.44 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.26. 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 moving average is $8.04 and its 200 day moving average is $7.33. The company has a market capitalization of $295.75 million, a PE ratio of 27.56, a PEG ratio of 14.80 and a beta of 1.03.

Wall Street Analysts Forecast Growth

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

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.

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