Orion Marine Group Inc. (ORN) Trading 5.2% Higher
Orion Marine Group Inc. (NYSE:ORN)’s share price traded up 5.2% on Tuesday . The stock traded as high as $5.67 and last traded at $5.62, with a volume of 75,865 shares changing hands. The stock had previously closed at $5.34.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Orion Marine Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Imperial Capital lowered shares of 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. FBR & Co reiterated a “hold” rating on shares of Orion Marine Group in a report on Tuesday, May 10th. Finally, Canaccord Genuity assumed coverage on shares of Orion Marine Group in a report on Monday, April 11th. They issued a “hold” rating and a $7.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.38.
The company’s market capitalization is $153.43 million. The stock has a 50 day moving average of $5.33 and a 200 day moving average of $4.73.
Orion Marine Group (NYSE:ORN) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $129.60 million for the quarter, compared to the consensus estimate of $147.82 million. The business’s revenue for the quarter was up 59.0% compared to the same quarter last year. On average, analysts expect that Orion Marine Group Inc. will post $0.28 EPS for the current fiscal year.
Several large investors recently made changes to their positions in the stock. South Dakota Investment Council raised its stake in shares of Orion Marine Group by 55.6% in the fourth quarter. South Dakota Investment Council now owns 526,397 shares of the company’s stock valued at $2,195,000 after buying an additional 188,011 shares during the period. Russell Frank Co raised its stake 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 during the last quarter. Dimensional Fund Advisors LP raised its stake 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 during the last quarter. Finally, Boston Partners raised its stake 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 during the last quarter.
Orion Group Holdings, Inc, formerly 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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