Orion Marine Group Inc. (ORN) Stock Price Down 1.2%
Orion Marine Group Inc. (NYSE:ORN) shares fell 1.2% during trading on Thursday . The stock traded as low as $5.68 and last traded at $5.73, with a volume of 72,633 shares traded. The stock had previously closed at $5.80.
Several brokerages have commented on ORN. Imperial Capital downgraded Orion Marine Group from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $7.00 to $6.00 in a report on Thursday, May 12th. Zacks Investment Research downgraded Orion Marine Group from a “hold” rating to a “sell” rating in a report on Tuesday. FBR & Co reaffirmed a “hold” rating on shares of Orion Marine Group in a report on Tuesday, May 10th. Finally, Canaccord Genuity began coverage on Orion Marine Group in a report on Monday, April 11th. They set a “hold” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.38.
The firm’s market cap is $150.70 million. The stock’s 50-day moving average price is $5.25 and its 200 day moving average price is $4.67.
Orion Marine Group (NYSE:ORN) last released its earnings results on Thursday, May 5th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The company earned $129.60 million during the quarter, compared to analyst estimates of $147.82 million. The company’s revenue was up 59.0% on a year-over-year basis. On average, analysts predict that Orion Marine Group Inc. will post $0.28 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Orion Marine Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,193,515 shares of the company’s stock worth $4,977,000 after buying an additional 9,758 shares in the last quarter. South Dakota Investment Council boosted its position in Orion Marine Group by 55.6% in the fourth quarter. South Dakota Investment Council now owns 526,397 shares of the company’s stock worth $2,195,000 after buying an additional 188,011 shares in the last quarter. Boston Partners boosted its position in Orion Marine Group by 8.3% in the fourth quarter. Boston Partners now owns 2,712,614 shares of the company’s stock worth $11,312,000 after buying an additional 206,779 shares in the last quarter. Finally, Russell Frank Co boosted its position in Orion Marine Group by 20.8% in the fourth quarter. Russell Frank Co now owns 551,222 shares of the company’s stock worth $2,359,000 after buying an additional 94,742 shares in the last quarter.
Orion Marine Group, Inc is engaged in the 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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