Orion Group Holdings, Inc. (NYSE:ORN) Receives Average Rating of “Hold” from Analysts

Orion Group Holdings, Inc. (NYSE:ORN) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.20.

Several brokerages recently issued reports on ORN. JPMorgan Chase & Co. upped their price objective on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Zacks Research cut Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Oppenheimer began coverage on Orion Group in a research report on Tuesday, July 7th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings lowered Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th.

Insider Transactions at Orion Group

In related news, Director Robert Ledford purchased 20,000 shares of Orion Group stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the acquisition, the director directly owned 43,112 shares in the company, valued at approximately $414,737.44. The trade was a 86.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward Chipman Earle purchased 5,000 shares of the stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $49,050.00. Following the transaction, the executive vice president owned 150,042 shares in the company, valued at approximately $1,471,912.02. The trade was a 3.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 28,000 shares of company stock worth $270,820 in the last quarter. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Orion Group

Hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in shares of Orion Group during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new position in Orion Group in the third quarter valued at approximately $33,000. Comerica Bank lifted its holdings in Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after acquiring an additional 3,562 shares during the last quarter. Fifth Third Bancorp purchased a new position in Orion Group in the first quarter worth approximately $52,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Orion Group in the third quarter worth approximately $86,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

ORN stock traded down $0.15 during midday trading on Monday, reaching $9.12. The stock had a trading volume of 9,006 shares, compared to its average volume of 430,354. Orion Group has a 52-week low of $6.88 and a 52-week high of $17.40. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $12.78 and its 200 day simple moving average is $12.85. The company has a market cap of $369.27 million, a price-to-earnings ratio of 100.79 and a beta of 1.40.

Orion Group (NYSE:ORN) last released its earnings results on Wednesday, July 29th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The business had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $225.72 million. Orion Group had a return on equity of 3.07% and a net margin of 0.40%. As a group, sell-side analysts predict that Orion Group will post 0.12 earnings per share for the current fiscal year.

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.