Orion Group (NYSE:ORN) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Orion Group (NYSE:ORN – Free Report) from a strong-buy rating to a hold rating in a research note published on Saturday.

ORN has been the subject of several other reports. Weiss Ratings cut Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday. Oppenheimer assumed coverage on Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price on the stock. Roth Capital set a $15.00 price target on Orion Group in a research report on Thursday. JPMorgan Chase & Co. lifted 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. Finally, Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Orion Group currently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Read Our Latest Research Report on Orion Group

Orion Group Trading Up 2.9%

Shares of Orion Group stock opened at $10.06 on Friday. Orion Group has a 12-month low of $6.44 and a 12-month high of $17.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. The stock has a market cap of $407.50 million, a PE ratio of 111.82 and a beta of 1.34. The company has a 50-day moving average of $13.94 and a two-hundred day moving average of $13.04.

Orion Group (NYSE:ORN – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $221.88 million for the quarter, compared to analyst estimates of $225.72 million. Orion Group had a net margin of 0.40% and a return on equity of 3.07%. Orion Group has set its FY 2026 guidance at 0.230-0.300 EPS. On average, research analysts anticipate that Orion Group will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Orion Group in the third quarter valued at $33,000. Comerica Bank grew its holdings in Orion Group by 219.7% in the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares during the period. Fifth Third Bancorp acquired a new position in shares of Orion Group during the 1st quarter valued at about $52,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Orion Group during the 3rd quarter valued at about $86,000. Finally, Millennium Management LLC purchased a new position in shares of Orion Group during the 3rd quarter worth about $91,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Company Profile

(Get Free Report)

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.

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