Brokerages Set Orion Group Holdings, Inc. (NYSE:ORN) Price Target at $17.20

Orion Group Holdings, Inc. (NYSE:ORN) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, 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 1 year target price among analysts that have issued ratings on the stock in the last year is $17.20.

Several equities analysts have recently weighed in on ORN shares. Zacks Research cut Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Roth Capital set a $15.00 price target on Orion Group in a research 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. Finally, Oppenheimer began coverage on Orion Group in a research report on Tuesday, July 7th. They set an “outperform” rating and a $20.00 price target on the stock.

Insider Activity

In other news, Director Robert Ledford purchased 20,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $9.62 per share, with a total value of $192,400.00. Following the completion of the transaction, the director owned 43,112 shares of the company’s stock, valued at $414,737.44. The trade was a 86.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary E. Sullivan acquired 3,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $9.79 per share, with a total value of $29,370.00. Following the transaction, the director owned 277,904 shares in the company, valued at approximately $2,720,680.16. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 28,000 shares of company stock valued at $270,820. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Orion Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Orion Group by 64.2% in the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock valued at $2,513,000 after buying an additional 187,819 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Orion Group by 55.7% during the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock worth $131,000 after acquiring an additional 8,945 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares during the last quarter. Strs Ohio bought a new stake in Orion Group in the 1st quarter valued at $175,000. Finally, Creative Planning bought a new stake in Orion Group in the 2nd quarter valued at $202,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Price Performance

Shares of ORN opened at $9.23 on Monday. Orion Group has a twelve month low of $7.08 and a twelve month high of $17.40. The company has a 50 day moving average of $12.17 and a 200-day moving average of $12.70. The stock has a market capitalization of $373.77 million, a P/E ratio of 102.57 and a beta of 1.40. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62.

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

About Orion Group

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.