Orion Group’s (ORN) Buy Rating Reaffirmed at Noble Financial

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Noble Financial reiterated their buy rating on shares of Orion Group (NYSE:ORN) in a research note issued to investors on Friday, AnalystRatings.com reports. The firm currently has a $7.10 price target on the construction company’s stock.

ORN has been the subject of a number of other research reports. Mizuho restated a buy rating and set a $7.10 target price on shares of Orion Group in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Orion Group from a sell rating to a hold rating in a report on Wednesday, May 29th. TheStreet downgraded Orion Group from a c- rating to a d rating in a report on Tuesday, April 9th. ValuEngine upgraded Orion Group from a hold rating to a buy rating in a report on Tuesday, July 2nd. Finally, B. Riley increased their price objective on Orion Group from $5.00 to $5.75 and gave the stock a buy rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $6.54.

Shares of Orion Group stock opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.39 and a current ratio of 1.35. The company has a market capitalization of $131.40 million, a P/E ratio of -12.11 and a beta of 1.06. The company’s 50 day simple moving average is $3.38. Orion Group has a 52 week low of $1.80 and a 52 week high of $9.83.

Orion Group (NYSE:ORN) last announced its earnings results on Thursday, May 9th. The construction company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The business had revenue of $143.11 million for the quarter, compared to the consensus estimate of $126.76 million. Orion Group had a negative net margin of 20.68% and a negative return on equity of 12.42%. On average, equities analysts predict that Orion Group will post -0.27 EPS for the current year.

In other news, VP Peter R. Buchler acquired 30,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $1.98 per share, for a total transaction of $59,400.00. Following the completion of the acquisition, the vice president now owns 180,656 shares in the company, valued at $357,698.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert L. Tabb acquired 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $1.94 per share, with a total value of $38,800.00. Following the acquisition, the chief financial officer now owns 26,872 shares of the company’s stock, valued at approximately $52,131.68. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 63,285 shares of company stock valued at $124,098. 7.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Orion Group by 42.9% in the first quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock worth $48,000 after purchasing an additional 4,914 shares in the last quarter. Advisory Services Network LLC bought a new position in Orion Group in the second quarter worth $68,000. Eidelman Virant Capital bought a new position in Orion Group in the second quarter worth $80,000. Bank of America Corp DE raised its holdings in Orion Group by 168.1% in the fourth quarter. Bank of America Corp DE now owns 30,430 shares of the construction company’s stock worth $130,000 after purchasing an additional 19,081 shares in the last quarter. Finally, Strs Ohio raised its holdings in Orion Group by 40.3% in the first quarter. Strs Ohio now owns 127,800 shares of the construction company’s stock worth $373,000 after purchasing an additional 36,700 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

About Orion Group

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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