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 lowered shares of Orion Group (NYSE:ORN - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

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

Orion Group Stock Down 3.6%

NYSE ORN traded down $0.25 during mid-day trading on Friday, reaching $6.65. 381,257 shares of the company's stock traded hands, compared to its average volume of 418,077. Orion Group has a 1-year low of $4.64 and a 1-year high of $9.95. The company has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $7.45. The company has a current ratio of 1.38, a quick ratio of 1.37 and a debt-to-equity ratio of 0.26. The company has a market cap of $264.40 million, a price-to-earnings ratio of 24.64, a P/E/G ratio of 13.80 and a beta of 1.03.

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 that occurred on Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Orion Group

Institutional investors have recently made changes to their positions in the company. Creative Planning bought a new stake in shares of Orion Group in the 2nd quarter worth approximately $202,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Orion Group by 69.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company's stock worth $95,000 after purchasing an additional 4,292 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Orion Group by 6.7% in the 2nd quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company's stock worth $7,800,000 after purchasing an additional 54,345 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Orion Group by 30.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 160,516 shares of the construction company's stock worth $1,456,000 after purchasing an additional 37,764 shares during the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Orion Group in the 2nd quarter worth approximately $884,000. 70.25% of the stock is currently owned by institutional investors.

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.