Orion Group Holdings, Inc. (NYSE:ORN) Stock Has Consensus Price Target of $16.00 According to Analysts

Orion Group Holdings, Inc. (NYSE:ORN) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have weighed in on the company. Zacks Research downgraded Orion Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings cut Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Wall Street Zen downgraded Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Roth Capital set a $15.00 target price on Orion Group in a research note on Thursday, July 30th. Finally, Oppenheimer dropped their target price on Orion Group from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th.

Orion Group Stock Performance

NYSE ORN traded down $0.06 during trading hours on Tuesday, reaching $9.06. The stock had a trading volume of 20,049 shares, compared to its average volume of 432,784. The stock has a fifty day moving average of $9.29 and a 200 day moving average of $11.96. The stock has a market cap of $367.09 million, a P/E ratio of 100.73 and a beta of 1.43. Orion Group has a 52-week low of $8.08 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.51 and a current ratio of 1.52.

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

Insider Buying and Selling at Orion Group

In other news, Director Robert Ledford bought 20,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $9.62 per share, with a total value of $192,400.00. Following the acquisition, the director directly owned 43,112 shares in the company, valued at $414,737.44. This trade represents a 86.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Sullivan purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the transaction, the director owned 277,904 shares of the company’s stock, valued at $2,720,680.16. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 28,000 shares of company stock valued at $270,820. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Orion Group

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its position in shares of Orion Group by 0.6% in the first quarter. First Trust Advisors LP now owns 120,534 shares of the company’s stock valued at $1,314,000 after purchasing an additional 697 shares in the last quarter. Group One Trading LLC acquired a new stake in shares of Orion Group in the second quarter valued at approximately $26,000. Fifth Third Bancorp purchased a new position in Orion Group during the first quarter worth approximately $52,000. Keating Financial Advisory Services Inc. purchased a new position in Orion Group during the second quarter worth approximately $107,000. Finally, Seros Financial LLC lifted its position in Orion Group by 4.1% during the first quarter. Seros Financial LLC now owns 168,704 shares of the company’s stock worth $1,839,000 after buying an additional 6,570 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

Orion Group Holdings, Inc is a construction company that operates through its marine and concrete businesses. Its marine operations provide construction and rehabilitation services for ports, terminals, bridges, waterways, offshore facilities and other marine infrastructure. The company’s capabilities include dredging, marine transportation, heavy civil construction, steel erection, pile driving and specialty marine repair.

Through its concrete operations, Orion performs commercial, industrial and infrastructure concrete work.