Orion Group (NYSE:ORN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Orion Group Holdings, Inc. (NYSE:ORN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.37 and traded as high as $10.42. Orion Group shares last traded at $10.23, with a volume of 414,836 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on ORN shares. Wall Street Zen raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. B. Riley Financial lifted their price objective on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. began coverage on Orion Group in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. Finally, Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $16.25.

Orion Group Stock Up 3.6%

The company has a market capitalization of $411.82 million, a P/E ratio of 205.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35. The company has a 50 day moving average of $12.34 and a 200-day moving average of $10.36.

Orion Group (NYSE:ORN) last released its earnings results on Wednesday, March 4th. The construction company reported $0.08 earnings per share 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 firm had revenue of $233.22 million for the quarter, compared to the consensus estimate of $222.42 million. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. As a group, equities analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Insider Activity

In other Orion Group news, Director Austin J. Shanfelter sold 90,000 shares of the firm’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 completion of the sale, the director directly owned 329,215 shares in the company, valued at approximately $4,006,546.55. This trade represents a 21.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Quentin P. Jr. Smith sold 10,695 shares of the company’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 transaction of $131,013.75. Following the completion of the transaction, the director owned 90,659 shares in the company, valued at approximately $1,110,572.75. This represents a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Orion Group

A number of institutional investors and hedge funds have recently modified their holdings of ORN. Quarry LP bought a new position in Orion Group during the third quarter valued at approximately $33,000. Comerica Bank raised its stake in Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Orion Group during the 3rd quarter valued at $86,000. Y Intercept Hong Kong Ltd bought a new position in shares of Orion Group during the 3rd quarter valued at $87,000. Finally, Millennium Management LLC purchased a new position in shares of Orion Group in the 3rd quarter worth $91,000. Institutional investors own 70.25% of the company’s stock.

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.