Orion Group (NYSE:ORN) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of Orion Group (NYSE:ORN) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $17.00 price target on the construction company’s stock.

ORN has been the topic of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. B. Riley Financial reiterated a “buy” rating on shares of Orion Group in a report on Thursday, February 5th. JPMorgan Chase & Co. assumed coverage on shares of Orion Group in a research report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price target for the company. Finally, DA Davidson upped their price objective on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Four equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.88.

Orion Group Trading Up 2.4%

Shares of ORN traded up $0.35 during trading on Tuesday, reaching $14.74. 205,987 shares of the company traded hands, compared to its average volume of 319,338. The stock has a 50-day simple moving average of $11.22 and a 200-day simple moving average of $9.40. The stock has a market cap of $588.14 million, a PE ratio of 63.81 and a beta of 1.18. Orion Group has a twelve month low of $4.64 and a twelve month high of $15.00. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP purchased a new position in shares of Orion Group in the 2nd quarter valued at $12,885,000. Invesco Ltd. increased its position in shares of Orion Group by 79.4% during the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock worth $10,578,000 after purchasing an additional 562,863 shares in the last quarter. First Wilshire Securities Management Inc. purchased a new stake in shares of Orion Group in the 2nd quarter valued at about $4,813,000. Simcoe Capital LLC purchased a new stake in shares of Orion Group in the 4th quarter valued at about $4,509,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Orion Group in the 4th quarter valued at about $2,977,000. Institutional investors and hedge funds 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.