Orion Group (ORN) Given Buy Rating at B. Riley
Orion Group (NYSE:ORN)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a research note issued to investors on Monday. They currently have a $10.00 target price on the construction company’s stock. B. Riley’s target price would indicate a potential upside of 33.87% from the stock’s previous close. B. Riley also issued estimates for Orion Group’s Q4 2017 earnings at $0.09 EPS.
Several other brokerages have also recently issued reports on ORN. Canaccord Genuity raised shares of Orion Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. ValuEngine cut shares of Orion Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Orion Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, FBR & Co reduced their target price on shares of Orion Group from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Orion Group presently has an average rating of “Hold” and a consensus price target of $9.00.
Shares of Orion Group (NYSE:ORN) traded down $0.15 during trading on Monday, hitting $7.47. 67,600 shares of the company traded hands, compared to its average volume of 124,647. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group has a 12-month low of $5.17 and a 12-month high of $11.11.
Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, November 8th. The construction company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. The business had revenue of $140.20 million for the quarter, compared to analysts’ expectations of $166.08 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. equities analysts anticipate that Orion Group will post -0.05 earnings per share for the current fiscal year.
In other Orion Group news, Director Austin J. Shanfelter sold 9,721 shares of Orion Group stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the completion of the transaction, the director now owns 31,430 shares of the company’s stock, valued at $235,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in Orion Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,535 shares of the construction company’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. Credit Suisse AG increased its holdings in Orion Group by 0.9% in the first quarter. Credit Suisse AG now owns 27,197 shares of the construction company’s stock valued at $203,000 after buying an additional 233 shares in the last quarter. Texas Permanent School Fund increased its holdings in Orion Group by 1.2% in the second quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after buying an additional 249 shares in the last quarter. Bank of Montreal Can increased its holdings in Orion Group by 1.0% in the second quarter. Bank of Montreal Can now owns 26,584 shares of the construction company’s stock valued at $199,000 after buying an additional 252 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Orion Group by 0.5% in the second quarter. Principal Financial Group Inc. now owns 211,382 shares of the construction company’s stock valued at $1,579,000 after buying an additional 986 shares in the last quarter. 85.64% of the stock is owned by institutional investors.
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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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