The stock of Orion Group Holdings Inc (NYSE:ORN) is a huge mover today! About 145,059 shares traded hands or 128.33% up from the average. Orion Group Holdings Inc (NYSE:ORN) has risen 86.41% since March 3, 2016 and is uptrending. It has outperformed by 78.07% the S&P500.
The move comes after 9 months positive chart setup for the $201.58 million company. It was reported on Oct, 6 by Barchart.com. We have $15.06 PT which if reached, will make NYSE:ORN worth $227.79M more.
Analysts await Orion Group Holdings Inc (NYSE:ORN) to report earnings on November, 3. They expect $0.15 earnings per share, up 155.56% or $0.42 from last year’s $-0.27 per share. ORN’s profit will be $4.28 million for 11.78 P/E if the $0.15 EPS becomes a reality. After $-0.03 actual earnings per share reported by Orion Group Holdings Inc for the previous quarter, Wall Street now forecasts -600.00% EPS growth.
Orion Group Holdings Inc (NYSE:ORN) Ratings Coverage
Out of 5 analysts covering Orion Marine Group (NYSE:ORN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Orion Marine Group has been the topic of 11 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by FBR Capital on Thursday, October 6 to “Outperform”. The stock of Orion Group Holdings Inc (NYSE:ORN) has “Outperform” rating given on Tuesday, August 25 by FBR Capital. As per Wednesday, October 21, the company rating was downgraded by FBR Capital. The stock has “Outperform” rating given by Imperial Capital on Thursday, October 22. The firm has “Hold” rating by BB&T Capital given on Friday, October 2. Zacks downgraded the shares of ORN in a report on Wednesday, August 26 to “Buy” rating. Imperial Capital downgraded the shares of ORN in a report on Thursday, May 12 to “In-Line” rating. The firm has “Overweight” rating given on Monday, August 17 by Stephens. As per Friday, March 11, the company rating was maintained by DA Davidson. The stock of Orion Group Holdings Inc (NYSE:ORN) earned “Buy” rating by DA Davidson on Friday, August 5.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.09, from 1.3 in 2016Q1. The ratio dived, as 6 funds sold all Orion Group Holdings Inc shares owned while 27 reduced positions. 11 funds bought stakes while 29 increased positions. They now own 21.54 million shares or 5.54% less from 22.81 million shares in 2016Q1.
Moreover, State Of Tennessee Treasury Department has 0% invested in Orion Group Holdings Inc (NYSE:ORN) for 21,916 shares. Kbc Grp Inc Nv has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). The Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Aqr Cap Mngmt Limited Liability Company holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 12,607 shares. Bnp Paribas Arbitrage Sa has 8,178 shares for 0% of their US portfolio. Moreover, 1492 Capital Mngmt Lc has 0.18% invested in Orion Group Holdings Inc (NYSE:ORN) for 38,461 shares. Public Sector Pension Investment Board has 19,288 shares for 0% of their US portfolio. Dimensional Fund Advsr Ltd Partnership last reported 1.34M shares in the company. Moreover, Acadian Asset Management Limited has 0% invested in Orion Group Holdings Inc (NYSE:ORN) for 8,814 shares. Van Den Berg Management I has 1.91 million shares for 1.3% of their US portfolio. Brandes Investment Lp last reported 243,513 shares in the company. Voya Inv Management Ltd Llc holds 0% or 14,724 shares in its portfolio. Principal Financial holds 0% or 192,113 shares in its portfolio. Morgan Stanley owns 33,795 shares or 0% of their US portfolio. Pacific Invest Management owns 481,800 shares or 0.59% of their US portfolio.
More notable recent Orion Group Holdings Inc (NYSE:ORN) news were published by: Marketwatch.com which released: “Orion Marine Group downgraded to in line from outperform at Imperial Capital” on April 06, 2010, also Globenewswire.com with their article: “Orion Group Holdings, Inc. Names David Griffith â€“ Investor Relations Manager” published on June 02, 2016, Quotes.Wsj.com published: “News Orion Group Holdings Inc.ORN” on February 11, 2011. More interesting news about Orion Group Holdings Inc (NYSE:ORN) were released by: Globenewswire.com and their article: “Orion Group Holdings, Inc. Schedules Announcement of Second Quarter 2016 …” published on July 12, 2016 as well as Globenewswire.com‘s news article titled: “Orion Marine Group, Inc. Announces New Corporate Name” with publication date: May 24, 2016.
ORN Company Profile
Orion Group Holdings, Inc., formerly Orion Marine Group, Inc., incorporated on October 12, 2004, is engaged in the heavy civil construction project management business. The Firm specializes in marine construction. The Firm provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers. The Company’s heavy civil marine construction and project management services include new construction, dredging, repair and maintenance, and other related specialty services. The Firm provides its heavy civil marine construction services on, over and under the water in the continental United States, Alaska, Canada and the Caribbean Basin. It provides heavy civil marine construction services through projects that are obtained primarily through a competitive bid or contract process. The Company’s business-wide clients include the United States Army Corps of Engineers, the United States Navy, the United States Coast Guard, state transportation departments, local port authorities and private customers, such as petrochemical terminal operators, private terminal operators and recreational waterside facilities.
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