Orion Group (ORN) Sets New 1-Year Low at $2.64

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Orion Group Holdings Inc (NYSE:ORN) shares hit a new 52-week low on Monday . The company traded as low as $2.64 and last traded at $2.65, with a volume of 300 shares trading hands. The stock had previously closed at $2.74.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Orion Group from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. TheStreet cut shares of Orion Group from a “c-” rating to a “d” rating in a report on Tuesday, April 9th. Finally, B. Riley dropped their price objective on shares of Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.69.

The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 0.54. The firm has a market cap of $75.33 million, a price-to-earnings ratio of -7.00 and a beta of 1.09.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 26th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). Orion Group had a negative return on equity of 5.74% and a negative net margin of 18.13%. The firm had revenue of $99.21 million during the quarter, compared to analysts’ expectations of $149.20 million. As a group, research analysts forecast that Orion Group Holdings Inc will post -0.11 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of ORN. Martingale Asset Management L P lifted its stake in Orion Group by 27.9% in the third quarter. Martingale Asset Management L P now owns 92,024 shares of the construction company’s stock worth $695,000 after acquiring an additional 20,100 shares during the last quarter. BlackRock Inc. lifted its stake in Orion Group by 6.9% in the third quarter. BlackRock Inc. now owns 4,296,844 shares of the construction company’s stock worth $32,442,000 after acquiring an additional 278,938 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Orion Group by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,422,283 shares of the construction company’s stock worth $18,288,000 after acquiring an additional 71,779 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Orion Group by 29.3% in the third quarter. Renaissance Technologies LLC now owns 679,289 shares of the construction company’s stock worth $5,129,000 after acquiring an additional 154,074 shares during the last quarter. Finally, Man Group plc lifted its stake in Orion Group by 291.6% in the third quarter. Man Group plc now owns 286,210 shares of the construction company’s stock worth $2,161,000 after acquiring an additional 213,123 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

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Orion Group Company Profile (NYSE:ORN)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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