Analysts Set Orion Group Holdings, Inc. (NYSE:ORN) Price Target at $17.00

Orion Group Holdings, Inc. (NYSE:ORN) has been assigned an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.00.

Several equities research analysts recently commented on ORN shares. B. Riley Financial lifted their target price on shares of 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. lifted their target price on shares of Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th.

Insider Buying and Selling

In related news, Director Margaret M. Foran sold 10,695 shares of Orion Group stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $15.70, for a total transaction of $167,911.50. Following the sale, the director directly owned 116,846 shares in the company, valued at $1,834,482.20. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 40,695 shares of company stock worth $606,512. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Orion Group

Several hedge funds have recently added to or reduced their stakes in ORN. Wasatch Advisors LP acquired a new position in shares of Orion Group during the 2nd quarter valued at $12,885,000. Invesco Ltd. lifted its position in shares of Orion Group by 79.4% during the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after acquiring an additional 562,863 shares during the period. Simcoe Capital LLC acquired a new position in shares of Orion Group during the 4th quarter valued at $4,509,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Orion Group during the 4th quarter valued at $2,977,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Orion Group by 727.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock valued at $2,569,000 after acquiring an additional 248,988 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Trading Up 3.0%

ORN opened at $15.36 on Wednesday. The company’s 50 day moving average is $13.49 and its 200-day moving average is $12.22. Orion Group has a 1-year low of $6.44 and a 1-year high of $15.85. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43. The company has a market cap of $621.57 million, a P/E ratio of 73.12 and a beta of 1.37.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $198.13 million. Equities research analysts predict that Orion Group will post 0.26 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.