The stock of Orion Group Holdings Inc (NYSE:ORN) hit a new 52-week high and has $10.75 target or 6.00% above today’s $10.14 share price. The 9 months bullish chart indicates low risk for the $288.79 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $10.75 price target is reached, the company will be worth $17.33M 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. The stock increased 1.50% or $0.15 on December 1, hitting $10.14. About 254,632 shares traded hands or 23.50% up from the average. Orion Group Holdings Inc (NYSE:ORN) has risen 72.79% since April 28, 2016 and is uptrending. It has outperformed by 66.86% the S&P500.
Analysts await Orion Group Holdings Inc (NYSE:ORN) to report earnings on March, 9. They expect $0.13 earnings per share, up 160.00% or $0.08 from last year’s $0.05 per share. ORN’s profit will be $3.70 million for 19.50 P/E if the $0.13 EPS becomes a reality. After $0.17 actual earnings per share reported by Orion Group Holdings Inc for the previous quarter, Wall Street now forecasts -23.53% negative 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 firm has “Hold” rating by BB&T Capital given on Friday, October 2. The firm earned “Neutral” rating on Friday, March 11 by DA Davidson. The firm earned “In-Line” rating on Thursday, May 12 by Imperial Capital. The firm earned “Overweight” rating on Monday, August 17 by Stephens. The firm has “Outperform” rating by FBR Capital given on Thursday, October 6. The firm earned “Buy” rating on Wednesday, August 26 by Zacks. The stock of Orion Group Holdings Inc (NYSE:ORN) has “Neutral” rating given on Thursday, October 13 by DA Davidson. FBR Capital maintained it with “Outperform” rating and $11.0 target price in Tuesday, August 25 report. The stock of Orion Group Holdings Inc (NYSE:ORN) earned “Hold” rating by Zacks on Tuesday, August 11. As per Wednesday, October 21, the company rating was downgraded 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 increased to 2.25 in 2016 Q2. Its up 1.04, from 1.21 in 2016Q1. The ratio improved, 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.
Schwab Charles Mngmt reported 36,200 shares or 0% of all its holdings. Rhumbline Advisers holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 48,330 shares. California State Teachers Retirement System owns 56,469 shares or 0% of their US portfolio. Arizona State Retirement Sys accumulated 0% or 14,135 shares. Hotchkis & Wiley Capital Management reported 10,905 shares or 0% of all its holdings. Blackrock Group owns 16,745 shares or 0% of their US portfolio. The Connecticut-based Aqr Mngmt Ltd has invested 0% in Orion Group Holdings Inc (NYSE:ORN). Blackrock has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Credit Suisse Ag accumulated 0% or 11,320 shares. Capstone Asset Management, a Texas-based fund reported 61,490 shares. Dimensional Fund Ltd Partnership holds 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN) for 1.34 million shares. Deutsche Commercial Bank Ag accumulated 26,723 shares or 0% of the stock. Parametric Assocs Ltd holds 385,205 shares or 0% of its portfolio. Thrivent Fincl For Lutherans has invested 0% of its portfolio in Orion Group Holdings Inc (NYSE:ORN). Blackrock Advisors Limited Liability Company has 0% invested in the company for 12,625 shares.
More notable recent Orion Group Holdings Inc (NYSE:ORN) news were published by: Marketwatch.com which released: “Orion Group Holdings Inc.” on April 06, 2010, also Globenewswire.com with their article: “Orion Group Holdings, Inc. Reports Third Quarter 2016 Results” published on November 03, 2016, Globenewswire.com published: “Orion Group Holdings, Inc. Names David Griffith â€“ Investor Relations Manager” on June 02, 2016. More interesting news about Orion Group Holdings Inc (NYSE:ORN) were released by: Quotes.Wsj.com and their article: “News Orion Group Holdings Inc.ORN” published on February 11, 2011 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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