Orion Group Holdings, Inc. (NYSE:ORN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.60.

ORN has been the subject of several analyst reports. Weiss Ratings upgraded Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Oppenheimer initiated coverage on Orion Group in a research note on Tuesday, July 7th. They set an “outperform” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th.

Orion Group Stock Performance

ORN stock traded down $0.29 during midday trading on Friday, reaching $13.74. The company had a trading volume of 351,969 shares, compared to its average volume of 470,168. The firm has a market capitalization of $556.20 million, a PE ratio of 65.43 and a beta of 1.34. The stock has a 50 day moving average price of $14.76 and a 200 day moving average price of $12.82. Orion Group has a fifty-two week low of $6.44 and a fifty-two week high of $17.40. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.The business had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.12 million. Analysts anticipate that Orion Group will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other Orion Group news, Director Margaret M. Foran sold 10,695 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.70, for a total value of $167,911.50. Following the completion of the sale, the director directly owned 116,846 shares of the company’s stock, valued at approximately $1,834,482.20. This represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 40,695 shares of company stock valued at $606,512 in the last quarter. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ORN. Brandes Investment Partners LP boosted its stake in shares of Orion Group by 1.1% during the 4th quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock worth $49,801,000 after acquiring an additional 56,663 shares in the last quarter. Wasatch Advisors LP lifted its stake in Orion Group by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 2,267,707 shares of the construction company’s stock valued at $22,541,000 after buying an additional 41,188 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Orion Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock valued at $16,847,000 after acquiring an additional 5,572 shares during the period. Dimensional Fund Advisors LP boosted its stake in Orion Group by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after purchasing an additional 17,390 shares during the period. Finally, Invesco Ltd. grew its position in Orion Group by 1.6% during the 4th quarter. Invesco Ltd. now owns 1,292,193 shares of the construction company’s stock worth $12,844,000 after purchasing an additional 20,835 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.