Brokerages Set Orion Group Holdings, Inc. (NYSE:ORN) PT at $17.00

Orion Group Holdings, Inc. (NYSE:ORN) has earned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.00.

A number of equities research analysts recently commented on ORN shares. Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. B. Riley Financial upped their target price on Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. DA Davidson boosted their price target on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th.

Orion Group Price Performance

Shares of NYSE ORN opened at $14.10 on Friday. The business’s 50 day moving average price is $12.34 and its 200 day moving average price is $11.68. The firm has a market cap of $570.77 million, a P/E ratio of 67.15 and a beta of 1.39. Orion Group has a 52 week low of $6.44 and a 52 week high of $15.85. 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 issued its earnings results on Wednesday, April 29th. The construction company reported $0.05 EPS for the quarter. The firm had revenue of $216.30 million for the quarter, compared to analyst estimates of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. On average, sell-side analysts expect 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 Quentin P. Jr. Smith sold 10,695 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total value of $131,013.75. Following the completion of the transaction, the director directly owned 90,659 shares of the company’s stock, valued at approximately $1,110,572.75. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares of the company’s stock, valued at $4,006,546.55. The trade was a 21.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 141,390 shares of company stock valued at $1,832,825. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Orion Group in the third quarter valued at approximately $33,000. Comerica Bank lifted its holdings 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 acquiring an additional 3,562 shares during the period. Fifth Third Bancorp acquired a new position in Orion Group in the first quarter valued at approximately $52,000. Susquehanna Fundamental Investments LLC acquired a new position in Orion Group in the third quarter valued at approximately $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Orion Group in the third quarter valued at approximately $87,000. 70.25% of the stock is owned by institutional investors and hedge funds.

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.