Orion Group (NYSE:ORN) Hits New 12-Month High – Should You Buy?

Orion Group Holdings, Inc. (NYSE:ORN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.59 and last traded at $16.5590, with a volume of 104208 shares changing hands. The stock had previously closed at $16.41.

Analyst Ratings Changes

A number of analysts have commented on ORN shares. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, B. Riley Financial increased their price target on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.00.

Orion Group Stock Up 2.4%

The stock has a market cap of $680.14 million, a PE ratio of 79.98 and a beta of 1.37. The business has a 50 day moving average price of $14.17 and a 200 day moving average price of $12.54. 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 company had revenue of $216.30 million during the quarter, compared to analysts’ expectations of $198.12 million. Equities research analysts expect that Orion Group Holdings, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Orion Group

In related news, Director Margaret M. Foran sold 10,695 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.70, for a total transaction of $167,911.50. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 40,695 shares of company stock worth $606,512 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Orion Group by 55.5% in the first quarter. Royal Bank of Canada now owns 64,866 shares of the construction company’s stock worth $707,000 after acquiring an additional 23,155 shares during the period. Sei Investments Co. grew its position in shares of Orion Group by 102.8% during the 1st quarter. Sei Investments Co. now owns 386,663 shares of the construction company’s stock valued at $4,215,000 after acquiring an additional 196,041 shares during the period. Globeflex Capital L P increased its stake in shares of Orion Group by 481.0% in the 1st quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after purchasing an additional 59,036 shares in the last quarter. First Trust Advisors LP raised its holdings in Orion Group by 0.6% in the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after purchasing an additional 697 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Orion Group by 27.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 378,732 shares of the construction company’s stock worth $4,257,000 after purchasing an additional 80,735 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Orion Group

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.