Orion Group (ORN) Upgraded to “Hold” at Zacks Investment Research

Orion Group (NYSE:ORN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Orion Group Holdings, Inc. is a construction company which provides services on and off the water primarily in the continental United States, Alaska, Canada and the Caribbean Basin. The company’s operating segment consists of heavy civil marine construction segment and commercial concrete segment. Heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design and specialty services. Commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar and mesh across the light commercial, structural and other associated business areas. Orion Group Holdings, Inc., formerly known as Orion Marine Group Inc., is headquartered in Houston, Texas. “

Other analysts also recently issued reports about the company. B. Riley reissued a “buy” rating on shares of Orion Group in a research report on Wednesday, November 1st. Noble Financial assumed coverage on Orion Group in a research report on Thursday, January 25th. They set a “buy” rating and a $10.00 price objective for the company. Canaccord Genuity reissued a “hold” rating and set a $7.00 price objective on shares of Orion Group in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.25.

Shares of Orion Group (ORN) opened at $6.52 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49. Orion Group has a 52-week low of $5.17 and a 52-week high of $10.61.

In related news, insider Mark R. Stauffer sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owns 362,631 shares in the company, valued at approximately $2,741,490.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Austin J. Shanfelter sold 9,721 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the transaction, the director now owns 31,430 shares of the company’s stock, valued at $235,725. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its holdings in Orion Group by 21.6% during the 2nd quarter. Voya Investment Management LLC now owns 17,899 shares of the construction company’s stock valued at $134,000 after acquiring an additional 3,175 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Orion Group by 17.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,887 shares of the construction company’s stock valued at $186,000 after acquiring an additional 3,721 shares during the period. QS Investors LLC boosted its holdings in Orion Group by 94.3% during the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock valued at $102,000 after acquiring an additional 6,613 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Orion Group by 4.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 191,222 shares of the construction company’s stock valued at $1,428,000 after acquiring an additional 7,355 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in Orion Group by 40.6% during the 3rd quarter. LS Investment Advisors LLC now owns 25,961 shares of the construction company’s stock valued at $170,000 after acquiring an additional 7,490 shares during the period. Institutional investors own 91.91% of the company’s stock.

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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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