Orion Group Holdings, Inc. (NYSE:ORN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.00.

Several analysts have recently weighed in on ORN shares. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Roth Mkm started coverage on Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 target price for the company. Finally, B. Riley Financial boosted their target price on Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 5th.

Orion Group Stock Down 0.6%

Shares of NYSE ORN opened at $13.81 on Wednesday. The company has a market capitalization of $558.95 million, a price-to-earnings ratio of 65.76 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. The business has a 50-day moving average of $13.16 and a two-hundred day moving average of $12.04. Orion Group has a 1 year low of $6.44 and a 1 year high of $15.85.

Orion Group (NYSE:ORN) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. On average, analysts forecast 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 10,695 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total value of $167,911.50. Following the completion of the sale, the director directly owned 116,846 shares of the company’s stock, valued at approximately $1,834,482.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 40,695 shares of company stock valued at $606,512. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Orion Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Orion Group by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after acquiring an additional 187,819 shares during the last quarter. NewEdge Advisors LLC raised its stake in Orion Group by 55.7% during the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after acquiring an additional 8,945 shares during the last quarter. Empowered Funds LLC raised its stake in Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after acquiring an additional 2,220 shares during the last quarter. Strs Ohio purchased a new stake in Orion Group during the 1st quarter valued at approximately $175,000. Finally, Creative Planning purchased a new stake in Orion Group during the 2nd quarter valued at approximately $202,000. 70.25% of the stock is owned by hedge funds and other 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.