Orion Group (NYSE:ORN) Upgraded at StockNews.com

StockNews.com upgraded shares of Orion Group (NYSE:ORN) from a hold rating to a buy rating in a report published on Friday morning.

Orion Group Trading Up 3.1 %

Orion Group stock opened at $6.30 on Friday. Orion Group has a 1 year low of $4.09 and a 1 year high of $12.12. The firm’s 50 day moving average price is $6.16 and its two-hundred day moving average price is $7.84. The firm has a market cap of $210.23 million, a price-to-earnings ratio of -15.75, a price-to-earnings-growth ratio of 8.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.35.

Insider Transactions at Orion Group

In related news, CEO Travis J. Boone purchased 3,700 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the completion of the acquisition, the chief executive officer now directly owns 488,719 shares in the company, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Orion Group news, CEO Travis J. Boone bought 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the purchase, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward Chipman Earle bought 15,633 shares of Orion Group stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $6.05 per share, with a total value of $94,579.65. Following the purchase, the executive vice president now owns 86,235 shares of the company’s stock, valued at $521,721.75. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 23,453 shares of company stock valued at $144,423 in the last three months. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Several hedge funds and other institutional investors have recently made changes to their positions in ORN. Lazard Asset Management LLC acquired a new position in Orion Group during the first quarter worth $41,000. SG Americas Securities LLC bought a new position in shares of Orion Group in the third quarter valued at about $67,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Orion Group during the 1st quarter worth about $83,000. Valmark Advisers Inc. bought a new position in shares of Orion Group during the second quarter worth approximately $107,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Orion Group during the 2nd quarter worth approximately $115,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.