The stock of Orion Group Holdings Inc (NYSE:ORN) hit a new 52-week high and has $21.13 target or 178.00% above today’s $7.60 share price. The 9 months bullish chart indicates low risk for the $215.70 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $21.13 price target is reached, the company will be worth $383.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 116,655 shares traded hands or 54.16% up from the average. Orion Group Holdings Inc (NYSE:ORN) has risen 60.22% since March 14, 2016 and is uptrending. It has outperformed by 54.61% the S&P500.
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 $4.26 million for 12.67 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), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Orion Marine Group has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by DA Davidson with “Neutral” on Thursday, October 13. DA Davidson maintained the stock with “Neutral” rating in Friday, March 11 report. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, October 21. On Friday, October 2 the stock rating was downgraded by BB&T Capital to “Hold”. Zacks upgraded the stock to “Hold” rating in Tuesday, August 11 report. The company was downgraded on Wednesday, August 26 by Zacks. The rating was initiated by Stephens with “Overweight” on Monday, August 17. The company was downgraded on Thursday, May 12 by Imperial Capital. The firm has “Buy” rating by DA Davidson given on Friday, August 5. The stock of Orion Group Holdings Inc (NYSE:ORN) earned “Outperform” rating by FBR Capital on Thursday, October 6.
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 Q2 2016. 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.
Manufacturers Life Insurance Company The reported 22,902 shares or 0% of all its holdings. Walleye Trading Limited Liability Corp holds 0% or 9,300 shares in its portfolio. Diam Limited, a Japan-based fund reported 76,500 shares. National Bank Of Montreal Can, a Ontario – Canada-based fund reported 5,494 shares. Moreover, New York State Common Retirement Fund has 0% invested in Orion Group Holdings Inc (NYSE:ORN) for 25,500 shares. Pacific Invest Mgmt reported 481,800 shares or 0.59% of all its holdings. Vanguard Gp holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 1.09M shares. South Dakota Inv Council accumulated 0.09% or 730,500 shares. Blackrock Investment Mngmt Limited Liability Corp holds 129,059 shares or 0% of its portfolio. Deutsche Comml Bank Ag reported 26,723 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 27,546 shares. California Public Employees Retirement, a California-based fund reported 82,500 shares. Van Den Berg I accumulated 1.3% or 1.91 million shares. Legal And General Gru Public Ltd holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 5,059 shares. Ls Inv Lc last reported 0% of its portfolio in the stock.
More notable recent Orion Group Holdings Inc (NYSE:ORN) news were published by: Marketwatch.com which released: “Orion Group Holdings stock price target raised to $9 from $6 at FBR & Co.” 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 Marine Group, Inc. Announces New Corporate Name” published on May 24, 2016 as well as Globenewswire.com‘s news article titled: “Orion Group Holdings, Inc. Schedules Announcement of Second Quarter 2016 …” with publication date: July 12, 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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