Brokerages Set Orion Group Holdings, Inc. (NYSE:ORN) PT at $14.88

Orion Group Holdings, Inc. (NYSE:ORN) has been assigned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.25.

A number of equities analysts have issued reports on ORN shares. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. DA Davidson boosted their price target on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. began coverage on shares of Orion Group in a research report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price target for the company. Wall Street Zen upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd.

Orion Group Price Performance

Shares of ORN stock opened at $11.69 on Monday. The firm has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $10.14. The company has a market capitalization of $468.54 million, a PE ratio of 233.80 and a beta of 1.15. 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 0.08.

Orion Group (NYSE:ORN) last announced its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $233.22 million for the quarter, compared to analyst estimates of $222.42 million. Orion Group had a return on equity of 4.14% and a net margin of 0.29%. Equities research analysts anticipate that Orion Group will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of Orion Group

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Orion Group by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after purchasing an additional 187,819 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Orion Group by 55.7% in the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after buying an additional 8,945 shares during the period. Empowered Funds LLC raised its position in Orion Group by 1.9% in the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares in the last quarter. Strs Ohio bought a new position in shares of Orion Group during the 1st quarter worth approximately $175,000. Finally, Envestnet Asset Management Inc. grew its position in Orion Group by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 47,172 shares of the construction company’s stock valued at $428,000 after acquiring an additional 2,853 shares during the period. 70.25% of the stock is owned by institutional investors.

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.