Orion Group (ORN) Reaches New 12-Month Low at $2.33

Orion Group Holdings Inc (NYSE:ORN)’s share price reached a new 52-week low on Thursday . The company traded as low as $2.33 and last traded at $2.36, with a volume of 2845 shares. The stock had previously closed at $2.42.

ORN has been the subject of a number of recent research reports. TheStreet downgraded Orion Group from a “c-” rating to a “d” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded Orion Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Finally, B. Riley reduced their price target on Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research 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 given a buy rating to the stock. Orion Group currently has a consensus rating of “Hold” and a consensus target price of $6.69.

The company has a market capitalization of $72.68 million, a PE ratio of -6.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 1.39.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). Orion Group had a negative return on equity of 9.60% and a negative net margin of 20.19%. The company had revenue of $143.11 million for the quarter, compared to the consensus estimate of $126.76 million. On average, equities analysts expect that Orion Group Holdings Inc will post -0.3 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in ORN. OppenheimerFunds Inc. raised its stake in Orion Group by 18.9% in the 1st quarter. OppenheimerFunds Inc. now owns 81,706 shares of the construction company’s stock valued at $239,000 after acquiring an additional 12,981 shares during the period. Walthausen & Co. LLC raised its stake in Orion Group by 6.3% in the 1st quarter. Walthausen & Co. LLC now owns 358,140 shares of the construction company’s stock valued at $1,046,000 after acquiring an additional 21,340 shares during the period. Brandes Investment Partners LP raised its stake in Orion Group by 15.7% in the 1st quarter. Brandes Investment Partners LP now owns 136,157 shares of the construction company’s stock valued at $397,000 after acquiring an additional 18,483 shares during the period. US Bancorp DE raised its stake in Orion Group by 3.9% in the 1st quarter. US Bancorp DE now owns 211,957 shares of the construction company’s stock valued at $619,000 after acquiring an additional 8,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in Orion Group by 149.0% in the 1st quarter. California Public Employees Retirement System now owns 267,801 shares of the construction company’s stock valued at $782,000 after acquiring an additional 160,260 shares during the period. Institutional investors own 93.91% 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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