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

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

Several other analysts have also issued reports on the stock. Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, B. Riley Financial raised their target price on shares of Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Orion Group Stock Performance

Shares of NYSE ORN opened at $16.93 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.41. The stock has a 50 day moving average price of $14.38 and a 200 day moving average price of $12.62. The stock has a market capitalization of $685.27 million, a PE ratio of 80.62 and a beta of 1.37. Orion Group has a 52 week low of $6.44 and a 52 week high of $17.40.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.12 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Analysts predict that Orion Group will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Orion Group

In other news, Director Margaret M. Foran sold 20,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $14.62, for a total value of $292,400.00. Following the transaction, the director directly owned 137,541 shares of the company’s stock, valued at $2,010,849.42. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 40,695 shares of company stock valued at $606,512 over the last 90 days. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brandes Investment Partners LP boosted its holdings in shares of Orion Group by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock worth $49,801,000 after acquiring an additional 56,663 shares during the period. Wasatch Advisors LP grew its holdings in Orion Group by 1.8% in the 4th 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 holdings in Orion Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock valued at $16,847,000 after buying an additional 5,572 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Orion Group by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after buying an additional 17,390 shares during the period. Finally, Invesco Ltd. increased its position in Orion Group by 1.6% during the 4th quarter. Invesco Ltd. now owns 1,292,193 shares of the construction company’s stock worth $12,844,000 after buying an additional 20,835 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.