Orion Group (NYSE:ORN) Earns Buy Rating from Analysts at DA Davidson

DA Davidson assumed coverage on shares of Orion Group (NYSE:ORN) in a research note released on Friday, Marketbeat reports. The brokerage issued a buy rating and a $11.00 target price on the construction company’s stock.

Separately, StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Orion Group Trading Up 9.5 %

ORN stock opened at $7.99 on Friday. Orion Group has a 12 month low of $4.87 and a 12 month high of $12.12. The firm’s 50-day moving average is $7.97 and its 200 day moving average is $7.45. The company has a market capitalization of $310.62 million, a PE ratio of -19.96, a P/E/G ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33.

Hedge Funds Weigh In On Orion Group

Hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in Orion Group by 27.3% in the 3rd quarter. State Street Corp now owns 552,152 shares of the construction company’s stock valued at $3,186,000 after acquiring an additional 118,296 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Orion Group in the third quarter valued at approximately $2,318,000. Royce & Associates LP increased its holdings in shares of Orion Group by 12.9% in the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after purchasing an additional 200,420 shares during the last quarter. Geode Capital Management LLC lifted its position in Orion Group by 1.5% during the third quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock worth $3,907,000 after buying an additional 10,098 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Orion Group during the third quarter worth $63,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.