Orion Group (NYSE:ORN) Rating Lowered to Hold at Zacks Research

Orion Group (NYSE:ORN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on ORN. Roth Mkm started coverage on shares of Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target for the company. JPMorgan Chase & Co. assumed coverage on Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. Weiss Ratings downgraded Orion Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 19th. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, B. Riley Financial lifted their target price on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Orion Group Price Performance

Orion Group stock opened at $11.52 on Wednesday. The company has a market cap of $461.56 million, a price-to-earnings ratio of 230.32 and a beta of 1.25. The firm’s fifty day moving average is $12.34 and its 200 day moving average is $10.61. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. Orion Group has a 52-week low of $4.64 and a 52-week high of $15.00.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The business had revenue of $233.22 million during the quarter, compared to analysts’ expectations of $222.42 million. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Sell-side analysts forecast that Orion Group will post 0.06 EPS for the current fiscal year.

Insider Transactions at Orion Group

In related news, Director Austin J. Shanfelter sold 90,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the transaction, the director directly owned 329,215 shares in the company, valued at approximately $4,006,546.55. This represents a 21.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Quentin P. Jr. Smith sold 10,695 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the completion of the sale, the director directly owned 90,659 shares in the company, valued at $1,110,572.75. This trade represents a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Orion Group

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Orion Group by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after acquiring an additional 187,819 shares during the period. NewEdge Advisors LLC increased its stake in Orion Group by 55.7% in the first quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock worth $131,000 after purchasing an additional 8,945 shares during the period. Empowered Funds LLC lifted its position in shares of Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares during the last quarter. Strs Ohio bought a new stake in shares of Orion Group during the first quarter worth $175,000. Finally, Geode Capital Management LLC boosted its stake in shares of Orion Group by 6.7% during the second quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company’s stock valued at $7,800,000 after purchasing an additional 54,345 shares during the period. 70.25% of the stock is owned by institutional investors.

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.