Orion Group (NYSE:ORN) Price Target Raised to $19.00

Orion Group (NYSE:ORN) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $16.00 to $19.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 24.10% from the stock’s current price.

ORN has been the topic of a number of other research reports. B. Riley Financial raised their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. DA Davidson boosted their price target on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Roth Mkm initiated coverage on Orion Group in a research note on Tuesday, February 10th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $17.00.

Orion Group Stock Down 1.1%

Shares of NYSE ORN traded down $0.17 during mid-day trading on Friday, reaching $15.31. The company had a trading volume of 105,237 shares, compared to its average volume of 366,054. The firm has a 50 day simple moving average of $12.04 and a two-hundred day simple moving average of $11.50. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43. Orion Group has a 52-week low of $6.44 and a 52-week high of $15.85. The stock has a market cap of $619.75 million, a P/E ratio of 72.84 and a beta of 1.39.

Orion Group (NYSE:ORN) last posted its earnings results on Tuesday, April 28th. The construction company reported $0.05 EPS for the quarter. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.The business had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.13 million. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Sell-side analysts predict that Orion Group will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 20,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $14.62, for a total value of $292,400.00. Following the completion of the transaction, the director directly owned 137,541 shares in the company, valued at approximately $2,010,849.42. The trade was a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Quentin P. Jr. Smith sold 10,695 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total value of $131,013.75. Following the completion of the transaction, the director owned 90,659 shares of the company’s stock, valued at $1,110,572.75. This trade represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 141,390 shares of company stock worth $1,832,825. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ORN. Quarry LP purchased a new position in Orion Group in the third quarter valued at about $33,000. Comerica Bank raised its position 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 period. Fifth Third Bancorp purchased a new position in Orion Group in the first quarter valued at about $52,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Orion Group during the third quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Orion Group during the third quarter valued at about $87,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.