Zacks Investment Research Lowers Orion Group (NYSE: ORN) To Strong Sell
Orion Group (NYSE: ORN) was downgraded by Zacks Investment Research from a “hold†rating to a “strong sell†rating in a research note released Thursday, Zacks.com reports.
According to Zacks, “Orion Group Holdings, Inc. is a construction company that provides on and off-water services primarily in the continental United States, Alaska, Canada and the Caribbean Basin. The operating segment of the company comprises the heavy civil shipbuilding segment and the commercial concrete segment. The services of the heavy civil marine construction segment include construction of marine transportation facilities, construction of marine pipelines, marine environmental structures, dredging of waterways, canals and ports, environmental dredging, design and specialized services. The Commercial Concrete segment provides turnkey concrete construction services including pouring and finishing, earthwork, layout, forming, rebar and mesh in light commercial, structural and other business areas. associates. Orion Group Holdings, Inc., formerly known as Orion Marine Group Inc., is headquartered in Houston, Texas. “
Separately, Noble Financial reaffirmed a “buy†rating and set a price target of $ 9.00 for Orion Group shares in a research report released on Monday, September 20.
ORN opened for $ 3.72 on Thursday. Orion Group has a minimum of $ 3.46 over 12 months and a maximum of $ 6.67 over 12 months. The stock has a market cap of $ 115.54 million, a price-to-earnings ratio of -53.14 and a beta of 0.88. The company has a debt to equity ratio of 0.07, a current ratio of 1.30, and a rapid ratio of 1.29. The company has a fifty-day moving average price of $ 4.33 and a 200-day moving average price of $ 5.05.
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Orion Group (NYSE: ORN) last released its results on Wednesday, October 27. The construction company reported ($ 0.27) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.14) by ($ 0.13). Orion Group recorded a negative return on equity of 1.20% and a negative net margin of 0.34%. The company posted revenue of $ 139.91 million for the quarter, compared to analysts’ estimates of $ 132.70 million. During the same period of the previous year, the company made a profit of $ 0.23 per share. On average, research analysts expect Orion Group to post earnings per share of -0.25 for the current year.
Several large investors have recently increased or reduced their holdings in ORN. Morgan Stanley strengthened its position in Orion Group shares by 67.0% in the 1st quarter. Morgan Stanley now owns 17,520 shares of the construction company valued at $ 107,000 after purchasing an additional 7,028 shares during the period. Advisor Group Holdings Inc. acquired a new equity interest in Orion Group shares in the second quarter valued at approximately $ 79,000. Victory Capital Management Inc. strengthened its position in Orion Group shares by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 750,372 shares of the construction company valued at $ 4,315,000 after purchasing an additional 12,889 shares during the period. O Shaughnessy Asset Management LLC strengthened its position in Orion Group shares by 257.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 86,480 shares of the construction company valued at $ 497,000 after purchasing an additional 62,261 shares during the period. Finally, SG Capital Management LLC strengthened its position in Orion Group shares by 11.2% in the second quarter. SG Capital Management LLC now owns 109,205 shares of the construction company valued at $ 628,000 after purchasing an additional 10,956 shares during the period. 57.27% of the shares are held by institutional investors and hedge funds.
Orion Group Company Profile
Orion Group Holdings, Inc provides specialized construction services to the building, industrial and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging and repair of marine transportation facilities, pipelines, bridges, causeways and environmental structures.
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