The stock of Orion Group Holdings Inc (NYSE:ORN) hit a new 52-week high and has $17.22 target or 106.00% above today’s $8.36 share price. The 7 months bullish chart indicates low risk for the $225.11 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $17.22 price target is reached, the company will be worth $238.62M 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 190,132 shares traded hands or 39.07% up from the average. Orion Group Holdings Inc (NYSE:ORN) has risen 53.26% since April 5, 2016 and is uptrending. It has outperformed by 51.30% the S&P500.
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 Imperial Capital with “Outperform” on Thursday, October 22. The firm earned “Mkt Perform” rating on Wednesday, October 21 by FBR Capital. The company was downgraded on Friday, October 2 by BB&T Capital. Zacks downgraded Orion Group Holdings Inc (NYSE:ORN) on Wednesday, August 26 to “Buy” rating. The rating was initiated by Stephens with “Overweight” on Monday, August 17. The rating was maintained by FBR Capital with “Outperform” on Tuesday, August 25. The firm earned “In-Line” rating on Thursday, May 12 by Imperial Capital. The stock of Orion Group Holdings Inc (NYSE:ORN) has “Hold” rating given on Tuesday, August 11 by Zacks. DA Davidson maintained Orion Group Holdings Inc (NYSE:ORN) rating on Thursday, October 13. DA Davidson has “Neutral” rating and $8 price target. The company was upgraded on Thursday, October 6 by FBR Capital.
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 turned negative, 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.
Arizona State Retirement accumulated 14,135 shares or 0% of the stock. Moreover, Schwab Charles Invest Management Inc has 0% invested in Orion Group Holdings Inc (NYSE:ORN) for 36,200 shares. Oxford Asset holds 0.02% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 107,152 shares. Ameriprise Incorporated last reported 131,993 shares in the company. Sector Pension Invest Board has 19,288 shares for 0% of their US portfolio. New York State Common Retirement Fund accumulated 25,500 shares or 0% of the stock. Barclays Public Limited Company last reported 58 shares in the company. Blackrock Group Inc Ltd last reported 16,745 shares in the company. South Dakota Investment Council, a South Dakota-based fund reported 730,500 shares. Blackrock Advsr Limited Co has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). The Japan-based Diam has invested 0.01% in Orion Group Holdings Inc (NYSE:ORN). Blackrock Fund reported 1.84M shares or 0% of all its holdings. Moreover, Us National Bank & Trust De has 0% invested in Orion Group Holdings Inc (NYSE:ORN) for 106,570 shares. Grace And White Incorporated Ny has invested 0.93% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Comerica National Bank has 28,240 shares for 0% of their US portfolio.
More notable recent Orion Group Holdings Inc (NYSE:ORN) news were published by: Globenewswire.com which released: “Orion Group Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Marketwatch.com with their article: “Orion Group Holdings stock price target raised to $9 from $6 at FBR & Co.” published on April 06, 2010, Globenewswire.com published: “Orion Group Holdings, Inc. Schedules Announcement of Third Quarter 2016 …” on October 18, 2016. More interesting news about Orion Group Holdings Inc (NYSE:ORN) were released by: Globenewswire.com and their article: “Orion Group Holdings, Inc. Names David Griffith â€“ Investor Relations Manager” published on June 02, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Orion Group Holdings Inc.ORN” with publication date: February 11, 2011.
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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