Zacks Investment Research upgraded shares of Orion Group (NYSE:ORN) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “Orion Group Holdings, Inc. is a construction company which provides services on and off the water primarily in the continental United States, Alaska, Canada and the Caribbean Basin. The company’s operating segment consists of heavy civil marine construction segment and commercial concrete segment. Heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design and specialty services. Commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar and mesh across the light commercial, structural and other associated business areas. Orion Group Holdings, Inc., formerly known as Orion Marine Group Inc., is headquartered in Houston, Texas. “

ORN has been the topic of several other research reports. B. Riley reiterated a buy rating on shares of Orion Group in a research note on Wednesday, November 1st. Noble Financial began coverage on shares of Orion Group in a research note on Thursday, January 25th. They set a buy rating and a $10.00 price objective on the stock. Canaccord Genuity upgraded shares of Orion Group from a hold rating to a buy rating in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Orion Group from a hold rating to a sell rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Orion Group presently has a consensus rating of Buy and an average price target of $9.25.

Shares of Orion Group (ORN) opened at $6.59 on Tuesday. The firm has a market cap of $185.84, a PE ratio of -11.77 and a beta of 1.21. Orion Group has a 12 month low of $5.17 and a 12 month high of $10.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.49.

In other Orion Group news, Director Austin J. Shanfelter sold 9,721 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total value of $72,907.50. Following the completion of the transaction, the director now owns 31,430 shares in the company, valued at approximately $235,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark R. Stauffer sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $7.56, for a total transaction of $151,200.00. Following the completion of the transaction, the insider now owns 362,631 shares of the company’s stock, valued at approximately $2,741,490.36. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. QS Investors LLC grew its position in Orion Group by 94.3% in the 2nd quarter. QS Investors LLC now owns 13,626 shares of the construction company’s stock worth $102,000 after purchasing an additional 6,613 shares during the last quarter. Macquarie Group Ltd. bought a new position in Orion Group in the 3rd quarter worth about $388,000. South Dakota Investment Council grew its position in Orion Group by 21.1% in the 3rd quarter. South Dakota Investment Council now owns 431,159 shares of the construction company’s stock worth $2,828,000 after purchasing an additional 75,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Orion Group by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,968,372 shares of the construction company’s stock worth $14,704,000 after purchasing an additional 159,616 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Orion Group by 50.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 169,400 shares of the construction company’s stock worth $1,111,000 after purchasing an additional 57,000 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

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Orion Group Company Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in 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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