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

by · The Markets Daily

Orion Group Holdings, Inc. (NYSE:ORN – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.20.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Roth Capital set a $15.00 price target on shares of Orion Group in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Zacks Research lowered shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Get Our Latest Stock Analysis on ORN

Orion Group Stock Performance

Shares of ORN stock opened at $10.40 on Thursday. Orion Group has a 12-month low of $6.44 and a 12-month high of $17.40. The business’s fifty day simple moving average is $13.78 and its 200-day simple moving average is $13.04. 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 company has a market cap of $421.02 million, a PE ratio of 115.55 and a beta of 1.40.

Orion Group (NYSE:ORN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%.The business had revenue of $221.88 million during the quarter, compared to analyst estimates of $225.72 million. Analysts expect that Orion Group will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Orion Group news, Director Robert Ledford purchased 20,000 shares of Orion Group stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $9.62 per share, with a total value of $192,400.00. Following the transaction, the director owned 43,112 shares of the company’s stock, valued at $414,737.44. This represents a 86.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary E. Sullivan acquired 3,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $9.79 per share, with a total value of $29,370.00. Following the completion of the purchase, the director owned 277,904 shares in the company, valued at approximately $2,720,680.16. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 28,000 shares of company stock valued at $270,820 over the last quarter. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of Orion Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Orion Group during the third quarter worth $33,000. Comerica Bank boosted its holdings in Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after purchasing an additional 3,562 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Orion Group during the 1st quarter worth about $52,000. Susquehanna Fundamental Investments LLC acquired a new stake in Orion Group during the 3rd quarter worth about $86,000. Finally, Millennium Management LLC purchased a new position in shares of Orion Group during the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Orion Group

(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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