Orion Group (NYSE:ORN) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Orion Group (NYSE:ORN) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. B. Riley Financial raised their target price on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. assumed coverage on shares of Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. DA Davidson lifted their target price on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of Orion Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Orion Group currently has an average rating of “Moderate Buy” and an average target price of $16.25.

Orion Group Stock Performance

Shares of ORN opened at $11.52 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $10.61. The stock has a market cap of $461.56 million, a price-to-earnings ratio of 230.32 and a beta of 1.25. Orion Group has a 52 week low of $4.64 and a 52 week high of $15.00.

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

Insider Activity at Orion Group

In related news, Director Austin J. Shanfelter sold 90,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 329,215 shares of the company’s stock, valued at approximately $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Quentin P. Jr. Smith sold 10,695 shares of Orion Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total transaction of $131,013.75. Following the completion of the sale, the director owned 90,659 shares in the company, valued at approximately $1,110,572.75. This represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ORN. Geode Capital Management LLC lifted its position in shares of Orion Group by 6.7% in the second quarter. Geode Capital Management LLC now owns 859,800 shares of the construction company’s stock worth $7,800,000 after buying an additional 54,345 shares in the last quarter. Ardsley Advisory Partners LP boosted its stake in Orion Group by 30.0% during the second quarter. Ardsley Advisory Partners LP now owns 325,000 shares of the construction company’s stock valued at $2,948,000 after buying an additional 75,000 shares during the last quarter. CenterBook Partners LP grew its holdings in Orion Group by 27.0% during the 3rd quarter. CenterBook Partners LP now owns 541,511 shares of the construction company’s stock valued at $4,505,000 after buying an additional 114,986 shares in the last quarter. First Wilshire Securities Management Inc. bought a new stake in Orion Group in the 2nd quarter worth approximately $4,813,000. Finally, Next Century Growth Investors LLC increased its stake in Orion Group by 31.1% in the 2nd quarter. Next Century Growth Investors LLC now owns 932,908 shares of the construction company’s stock worth $8,461,000 after acquiring an additional 221,536 shares during the last quarter. 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.