Orion Group Holdings, Inc. (NYSE:ORN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.00.

A number of research analysts have recently weighed in on ORN shares. JPMorgan Chase & Co. increased their target price on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report 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 note on Saturday, May 2nd. Finally, Zacks Research cut Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th.

Orion Group Stock Performance

Shares of NYSE ORN traded down $0.01 during mid-day trading on Friday, reaching $14.80. 550,133 shares of the company’s stock were exchanged, compared to its average volume of 482,087. The firm has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $12.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. The firm has a market capitalization of $598.98 million, a price-to-earnings ratio of 70.47 and a beta of 1.34. Orion Group has a 52 week low of $6.44 and a 52 week high of $17.40.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. The company had revenue of $216.30 million during the quarter, compared to analyst estimates of $198.12 million. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. Analysts predict that Orion Group will post 0.26 EPS for the current year.

Insider Transactions at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 10,695 shares of the company’s stock in a transaction dated 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 $1,834,482.20. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 40,695 shares of company stock valued at $606,512. Insiders own 5.70% of the company’s stock.

Institutional Trading of Orion Group

Several hedge funds and other institutional investors have recently modified their holdings of ORN. Quarry LP bought a new position in shares of Orion Group in the 3rd quarter worth $33,000. Fifth Third Bancorp bought a new position in Orion Group in the first quarter valued at $52,000. Comerica Bank raised its position in Orion Group by 219.7% during 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 in the last quarter. OpenArc Corporate Advisory LLC bought a new stake in Orion Group during the fourth quarter worth about $100,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Orion Group during the third quarter worth about $86,000. 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.