Orion Group Holdings, Inc. (NYSE:ORN) Receives Average Recommendation of “Moderate Buy” from Analysts

Orion Group Holdings, Inc. (NYSE:ORN) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.1667.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Orion Group in a report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective for the company. B. Riley restated a “buy” rating on shares of Orion Group in a research report on Thursday. DA Davidson upped their target price on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research note on Thursday, January 22nd.

Orion Group Price Performance

Shares of Orion Group stock traded up $0.84 on Thursday, reaching $13.71. The stock had a trading volume of 806,165 shares, compared to its average volume of 316,012. The business’s 50 day moving average is $10.88 and its two-hundred day moving average is $9.24. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18. Orion Group has a 1 year low of $4.64 and a 1 year high of $14.66. The company has a market cap of $546.87 million, a P/E ratio of 59.59 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP purchased a new stake in shares of Orion Group during the second quarter valued at about $12,885,000. Invesco Ltd. lifted its position in Orion Group by 79.4% during the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after acquiring an additional 562,863 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new stake in Orion Group in the second quarter valued at approximately $4,813,000. Simcoe Capital LLC purchased a new stake in shares of Orion Group during the 4th quarter valued at $4,509,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Orion Group in the fourth quarter worth about $2,977,000. Hedge funds and other institutional investors 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.