Orion Group (NYSE:ORN) Cut to "Hold" at Wall Street Zen

Key Points

• Orion Group (NYSE:ORN) was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a cautious outlook among analysts.
• B. Riley maintained a "buy" rating with a revised target price of $11.50, indicating ongoing confidence despite the recent downgrade.
• Insider trading activity shows Director Austin J. Shanfelter sold 30,000 shares, reducing his ownership stake by 6.68% amidst a broader trend of institutional investors increasing their positions in the company.

Wall Street Zen cut shares of Orion Group (NYSE:ORN - Free Report) from a buy rating to a hold rating in a report published on Saturday morning.

Separately, B. Riley reissued a "buy" rating and set a $11.50 target price (up from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th.

Orion Group Trading Down 1.4%

Shares of ORN traded down $0.10 during mid-day trading on Friday, hitting $6.89. 99,240 shares of the company's stock traded hands, compared to its average volume of 415,321. 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 has a 1 year low of $4.64 and a 1 year high of $9.95. The firm has a market capitalization of $273.61 million, a P/E ratio of 25.56, a PEG ratio of 13.30 and a beta of 1.03. The business's 50-day moving average price is $8.51 and its 200-day moving average price is $7.43.

Insider Buying and Selling at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.67, for a total transaction of $260,100.00. Following the transaction, the director directly owned 419,215 shares in the company, valued at approximately $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of Orion Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. increased its position in Orion Group by 28.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,260 shares of the construction company's stock worth $596,000 after buying an additional 17,934 shares in the last quarter. Lazard Asset Management LLC bought a new position in Orion Group during the fourth quarter valued at approximately $41,000. Bank of America Corp DE boosted its stake in Orion Group by 84.4% during the fourth quarter. Bank of America Corp DE now owns 54,493 shares of the construction company's stock valued at $399,000 after buying an additional 24,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Orion Group by 20.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,474 shares of the construction company's stock valued at $150,000 after buying an additional 3,528 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Orion Group by 104.8% during the fourth quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company's stock valued at $3,449,000 after buying an additional 240,757 shares during the last quarter. Hedge funds and other 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.