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

Orion Group Holdings, Inc. (NYSE:ORN) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a 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 $14.1667.

Several research firms recently issued reports on ORN. B. Riley reiterated a “buy” rating on shares of Orion Group in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. Finally, DA Davidson increased their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday.

Orion Group Stock Up 6.5%

NYSE ORN traded up $0.84 during trading on Thursday, hitting $13.71. The stock had a trading volume of 806,165 shares, compared to its average volume of 316,012. The company has a market capitalization of $546.87 million, a PE ratio of 59.59 and a beta of 1.18. Orion Group has a 12 month low of $4.64 and a 12 month high of $14.66. The company’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $9.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36.

Institutional Trading of Orion Group

A number of institutional investors and hedge funds have recently bought and sold shares of ORN. Quarry LP acquired a new position in Orion Group during the third quarter worth $33,000. First Horizon Advisors Inc. raised its holdings in shares of Orion Group by 171.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,832 shares during the last quarter. Comerica Bank lifted its position in Orion Group by 219.7% in the 3rd 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 in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Orion Group during the 3rd quarter valued at about $86,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in Orion Group by 69.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company’s stock worth $95,000 after purchasing an additional 4,292 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

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.