Orion Group (NYSE:ORN)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research note issued to investors on Monday. They presently have a $10.00 target price on the construction company’s stock. B. Riley’s price target indicates a potential upside of 33.87% from the company’s current price. B. Riley also issued estimates for Orion Group’s Q4 2017 earnings at $0.09 EPS.

Several other equities analysts also recently issued reports on the company. Canaccord Genuity upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Orion Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, FBR & Co cut their price objective on Orion Group from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.00.

Shares of Orion Group (NYSE ORN) traded down $0.15 on Monday, reaching $7.47. The company’s stock had a trading volume of 67,600 shares, compared to its average volume of 124,647. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Orion Group has a 52-week low of $5.17 and a 52-week high of $11.11.

Orion Group (NYSE:ORN) last issued its quarterly earnings data 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 net margin of 2.76% and a negative return on equity of 2.96%. The business had revenue of $140.20 million during the quarter, compared to the consensus estimate of $166.08 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. equities research analysts forecast that Orion Group will post -0.05 earnings per share for the current year.

In other news, Director Austin J. Shanfelter sold 9,721 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total transaction of $72,907.50. Following the completion of the sale, the director now owns 31,430 shares in the company, valued at $235,725. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 8.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Orion Group by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,015,742 shares of the construction company’s stock worth $13,223,000 after acquiring an additional 47,370 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Orion Group by 14.3% during the first quarter. Vanguard Group Inc. now owns 1,436,313 shares of the construction company’s stock worth $10,730,000 after acquiring an additional 179,950 shares during the last quarter. Foundry Partners LLC raised its position in shares of Orion Group by 56.5% during the third quarter. Foundry Partners LLC now owns 790,075 shares of the construction company’s stock worth $5,183,000 after acquiring an additional 285,165 shares during the last quarter. Grace & White Inc. NY raised its position in shares of Orion Group by 11.4% during the third quarter. Grace & White Inc. NY now owns 744,453 shares of the construction company’s stock worth $4,884,000 after acquiring an additional 76,083 shares during the last quarter. Finally, State Street Corp raised its position in shares of Orion Group by 7.0% during the second quarter. State Street Corp now owns 676,107 shares of the construction company’s stock worth $5,049,000 after acquiring an additional 44,198 shares during the last quarter. Institutional investors own 85.64% of the company’s stock.

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About Orion Group

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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