Orion Group Holdings, Inc. (NYSE:ORN) Receives Average Recommendation of “Buy” from Brokerages

Orion Group Holdings, Inc. (NYSE:ORN) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.00.

Several equities analysts have issued reports on the company. Roth Mkm assumed coverage on Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, B. Riley Financial boosted their target price on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th.

Orion Group Stock Down 0.6%

ORN opened at $13.81 on Wednesday. The business has a 50 day moving average price of $13.16 and a two-hundred day moving average price of $12.04. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $558.95 million, a PE ratio of 65.76 and a beta of 1.37. Orion Group has a 52 week low of $6.44 and a 52 week high of $15.85.

Orion Group (NYSE:ORN) last released its earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share (EPS) for the quarter. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.13 million. As a group, research analysts anticipate that Orion Group will post 0.26 EPS for the current year.

Insider Transactions at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $14.62, for a total transaction of $292,400.00. Following the transaction, the director owned 137,541 shares in the company, valued at approximately $2,010,849.42. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 40,695 shares of company stock worth $606,512. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Orion Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Orion Group by 0.6% in the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after acquiring an additional 697 shares during the period. Barclays PLC grew its holdings in shares of Orion Group by 1.0% in the 4th quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after acquiring an additional 888 shares during the period. Deutsche Bank AG grew its holdings in shares of Orion Group by 5.7% in the 4th quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after acquiring an additional 1,802 shares during the period. Empowered Funds LLC grew its holdings in shares of Orion Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Orion Group by 6.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock worth $416,000 after acquiring an additional 2,888 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

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.