Movers and SHAKERS
Orion Group Holdings (ORN)
Conference Highlights Positives - New Concrete Awards
Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Noble Capital Markets’ Seventeenth Annual Small & Microcap Conference presentation reinforced favorable dynamics. CFO Robert Tabb covered all of the bases by highlighting favorable market fundamentals, reviewing the ISG restructuring benefits, discussing the timing and benefits of the ERP program and offering specific details on asset sales. After addressing the financial impact of the Corpus Christi accident and the ERP program benefits, Tabb stated that bidding/booking activity remains solid across the board and indicated that growth-oriented investments are the major strategic goal. Go to www.channelchek.com for replay details.
Concrete awards of $27 million announced. Recent concrete and Marine awards are incremental to 3Q2020 low bids pending. Late yesterday, several concrete awards were announced that total $27 million. The awards includes $11.6 million for construction of a larger tilt-wall distribution center in Central Texas and $15.1 million for five tilt-wall and paving projects; four in Dallas and one in Houston ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.