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Orion Group Holdings (ORN)
A Construction Award Bolsters Robust Outlook
Orion Group Holdings Inc is a US-based company which provides solutions in marine construction, design and specialty services both on and off the water in the continental US, Alaska, Canada, and the Caribbean Basin.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Another construction award. A $26 million award for concrete related work on a 45-story residential tower in Austin is another positive. The work should begin in 4Q2019 and run about 19 months. The larger and longer contract improves the mix and is positive for the construction outlook.
- Pickup expected with large project on the horizon. About $1.3 billion of bids remain outstanding so...
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*Analyst certification and important disclosures included in 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.