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

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.8750.

A number of equities analysts have issued reports on the stock. DA Davidson lifted their target price on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. B. Riley Financial restated a “buy” rating on shares of Orion Group in a research report on Thursday, February 5th. Roth Mkm initiated coverage on Orion Group in a research note on Tuesday, February 10th. They issued a “buy” rating and a $17.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. began coverage on Orion Group in a report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price target for the company.

Orion Group Price Performance

Shares of NYSE:ORN traded down $0.07 during midday trading on Monday, hitting $13.66. 66,354 shares of the stock were exchanged, compared to its average volume of 345,389. Orion Group has a twelve month low of $4.64 and a twelve month high of $15.00. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $12.01 and a 200-day moving average price of $9.97. The stock has a market cap of $545.07 million, a P/E ratio of 59.46 and a beta of 1.15.

Institutional Trading of Orion Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP grew its holdings in shares of Orion Group by 1.1% during the 4th quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock worth $49,801,000 after purchasing an additional 56,663 shares during the period. Wasatch Advisors LP lifted its position in Orion Group by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 2,267,707 shares of the construction company’s stock valued at $22,541,000 after buying an additional 41,188 shares in the last quarter. Vanguard Group Inc. grew its stake in Orion Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock worth $16,847,000 after buying an additional 5,572 shares during the period. Royce & Associates LP increased its position in shares of Orion Group by 2.1% in the third quarter. Royce & Associates LP now owns 1,704,174 shares of the construction company’s stock worth $14,179,000 after acquiring an additional 35,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Orion Group by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after acquiring an additional 17,390 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other 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.