Orion Group (NYSE:ORN)‘s stock had its “buy” rating reissued by research analysts at Noble Financial in a research note issued to investors on Friday.
ORN has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Orion Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of Orion Group in a report on Thursday. Finally, B. Riley reaffirmed a “buy” rating and set a $10.00 price target on shares of Orion Group in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $9.75.
Shares of Orion Group (NYSE:ORN) traded up $0.01 on Friday, hitting $6.81. 139,314 shares of the stock were exchanged, compared to its average volume of 87,185. The company has a current ratio of 1.57, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $192.32, a price-to-earnings ratio of -34.05 and a beta of 1.32. Orion Group has a twelve month low of $5.17 and a twelve month high of $9.25.
In other news, insider Mark R. Stauffer sold 20,000 shares of Orion Group stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the transaction, the insider now owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of Orion Group by 17.0% during the 4th quarter. Teachers Advisors LLC now owns 58,825 shares of the construction company’s stock worth $461,000 after buying an additional 8,568 shares during the last quarter. Two Sigma Investments LP increased its position in Orion Group by 10.6% during the 4th quarter. Two Sigma Investments LP now owns 83,082 shares of the construction company’s stock worth $651,000 after purchasing an additional 7,978 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Orion Group during the 4th quarter worth about $458,000. Brandes Investment Partners LP increased its position in Orion Group by 31.3% during the 4th quarter. Brandes Investment Partners LP now owns 555,252 shares of the construction company’s stock worth $4,348,000 after purchasing an additional 132,234 shares in the last quarter. Finally, BlackRock Inc. increased its position in Orion Group by 0.9% during the 4th quarter. BlackRock Inc. now owns 3,613,061 shares of the construction company’s stock worth $28,290,000 after purchasing an additional 31,520 shares in the last quarter. 90.10% of the stock is owned by institutional investors and hedge funds.
Orion Group Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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