Orion Group (NYSE:ORN) Price Target Raised to $15.00

Orion Group (NYSE:ORN) had its target price boosted by DA Davidson from $13.00 to $15.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. initiated coverage on Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. B. Riley Financial restated a “buy” rating on shares of Orion Group in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Orion Group presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Orion Group Trading Up 3.2%

Shares of ORN stock opened at $14.14 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. Orion Group has a fifty-two week low of $4.64 and a fifty-two week high of $14.66. The firm’s 50 day moving average price is $11.04 and its two-hundred day moving average price is $9.32. The stock has a market cap of $564.20 million, a price-to-earnings ratio of 61.48 and a beta of 1.18.

Institutional Investors Weigh In On Orion Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP lifted its position in shares of Orion Group by 1.2% during the second quarter. Brandes Investment Partners LP now owns 4,324,589 shares of the construction company’s stock worth $39,224,000 after purchasing an additional 51,112 shares during the last quarter. Wasatch Advisors LP increased its holdings in Orion Group by 56.7% in the third quarter. Wasatch Advisors LP now owns 2,226,519 shares of the construction company’s stock valued at $18,525,000 after buying an additional 805,956 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 buying an additional 5,572 shares in the last quarter. Royce & Associates LP lifted its holdings in Orion Group by 2.1% during the 3rd quarter. Royce & Associates LP now owns 1,704,174 shares of the construction company’s stock worth $14,179,000 after buying an additional 35,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Orion Group by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after buying an additional 17,390 shares during the last quarter. Institutional investors 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.