Orion Group Holdings, Inc. (NYSE:ORN) Given Average Rating of “Moderate Buy” by Analysts

Orion Group Holdings, Inc. (NYSE:ORN) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.00.

A number of research firms recently weighed in on ORN. Weiss Ratings upgraded Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Zacks Research lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd.

Orion Group Price Performance

ORN stock traded down $0.01 during midday trading on Friday, reaching $14.80. 550,133 shares of the stock were exchanged, compared to its average volume of 482,087. The stock has a market capitalization of $598.98 million, a PE 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. 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 company has a fifty day moving average price of $14.55 and a 200 day moving average price of $12.69.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 29th. 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 firm had revenue of $216.30 million for the quarter, compared to analyst estimates of $198.12 million. As a group, analysts expect that Orion Group will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Orion Group

In related news, Director Margaret M. Foran sold 10,695 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.70, for a total value of $167,911.50. Following the transaction, the director owned 116,846 shares in the company, valued at $1,834,482.20. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 40,695 shares of company stock worth $606,512 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Simcoe Capital LLC purchased a new stake in Orion Group in the 4th quarter valued at about $4,509,000. Allspring Global Investments Holdings LLC bought a new position in shares of Orion Group during the 4th quarter worth approximately $2,977,000. CenterBook Partners LP boosted its stake in shares of Orion Group by 33.1% in the 4th quarter. CenterBook Partners LP now owns 720,561 shares of the construction company’s stock worth $7,162,000 after buying an additional 179,050 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Orion Group in the 1st quarter worth approximately $763,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Orion Group by 129.9% in the fourth quarter. GSA Capital Partners LLP now owns 106,863 shares of the construction company’s stock valued at $1,062,000 after acquiring an additional 60,373 shares in the last quarter. 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.