Orion Group (NYSE:ORN - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Several other brokerages have also issued reports on ORN. B. Riley reaffirmed a "buy" rating and set a $11.50 price objective (up previously from $9.00) on shares of Orion Group in a report on Tuesday, June 10th. Zacks Research downgraded 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 downgraded 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 two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.
View Our Latest Research Report on ORN
Orion Group Stock Performance
NYSE:ORN opened at $8.93 on Wednesday. The firm has a market capitalization of $354.63 million, a PE ratio of 33.06, a price-to-earnings-growth ratio of 16.92 and a beta of 1.16. The business's fifty day moving average price is $7.58 and its 200 day moving average price is $7.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.38 and a quick ratio of 1.37. Orion Group has a 12 month low of $4.64 and a 12 month high of $9.95.
Institutional Investors Weigh In On Orion Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming lifted its position in shares of Orion Group by 419.6% during the 2nd quarter. State of Wyoming now owns 21,023 shares of the construction company's stock valued at $191,000 after acquiring an additional 16,977 shares during the period. Wasatch Advisors LP acquired a new stake in shares of Orion Group during the 2nd quarter valued at approximately $12,885,000. Man Group plc increased its stake in shares of Orion Group by 152.0% during the 2nd quarter. Man Group plc now owns 48,340 shares of the construction company's stock worth $438,000 after purchasing an additional 29,157 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Orion Group by 20.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 176,373 shares of the construction company's stock worth $1,600,000 after purchasing an additional 30,185 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Orion Group during the 2nd quarter worth approximately $512,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.
Orion Group Company Profile
(
Get 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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