Orion Group (NYSE:ORN) Coverage Initiated by Analysts at DA Davidson

DA Davidson initiated coverage on shares of Orion Group (NYSE:ORN) in a research report released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $11.00 price objective on the construction company’s stock.

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

Orion Group Price Performance

Shares of ORN opened at $7.99 on Friday. Orion Group has a twelve month low of $4.87 and a twelve month high of $12.12. The firm has a 50 day moving average of $7.97 and a 200 day moving average of $7.46. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $310.62 million, a P/E ratio of -19.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ORN. Intech Investment Management LLC bought a new position in shares of Orion Group during the 3rd quarter valued at approximately $63,000. SG Americas Securities LLC purchased a new stake in shares of Orion Group in the third quarter worth $67,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Orion Group by 1,936.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock valued at $69,000 after purchasing an additional 8,965 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Orion Group during the 2nd quarter valued at $115,000. Finally, Quantbot Technologies LP bought a new position in Orion Group in the 3rd quarter worth $120,000. Institutional investors own 70.25% of the company’s stock.

About Orion Group

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.