Orion Group (NYSE:ORN) Stock Rating Lowered by Zacks Research

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

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. B. Riley Financial raised their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. boosted their price target on Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Orion Group currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Orion Group Stock Down 1.2%

Shares of ORN opened at $16.93 on Monday. Orion Group has a 12 month low of $6.44 and a 12 month high of $17.40. The firm’s 50 day moving average is $14.38 and its 200-day moving average is $12.62. The stock has a market capitalization of $685.27 million, a PE ratio of 80.62 and a beta of 1.37. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $216.30 million during 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%. Equities research analysts forecast that Orion Group will post 0.26 EPS for the current year.

Insider Buying and Selling at Orion Group

In other Orion Group news, Director Margaret M. Foran sold 10,695 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total value of $167,911.50. Following the sale, the director owned 116,846 shares of the company’s stock, valued at approximately $1,834,482.20. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 40,695 shares of company stock valued at $606,512. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Orion Group

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Orion Group in the 4th quarter valued at approximately $2,977,000. Simcoe Capital LLC bought a new stake in shares of Orion Group during the fourth quarter worth $4,509,000. CenterBook Partners LP grew its stake in shares of Orion Group by 33.1% during the fourth quarter. CenterBook Partners LP now owns 720,561 shares of the construction company’s stock worth $7,162,000 after buying an additional 179,050 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Orion Group during the first quarter worth $763,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Orion Group by 129.9% during the fourth quarter. GSA Capital Partners LLP now owns 106,863 shares of the construction company’s stock worth $1,062,000 after buying an additional 60,373 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

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.