JPMorgan Chase & Co. Has Lowered Expectations for Orion Group (NYSE:ORN) Stock Price

Orion Group (NYSE:ORN) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $16.00 to $14.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 52.26% from the company’s current price.

ORN has been the topic of several other reports. Weiss Ratings downgraded Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Oppenheimer dropped their price target on Orion Group from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Roth Capital set a $15.00 price objective 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 report on Saturday, August 1st. Finally, Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.75.

Orion Group Price Performance

NYSE:ORN traded up $0.07 on Tuesday, reaching $9.20. The stock had a trading volume of 228,046 shares, compared to its average volume of 433,778. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $372.35 million, a P/E ratio of 102.08 and a beta of 1.43. Orion Group has a 1-year low of $8.08 and a 1-year high of $17.40. The stock has a fifty day moving average price of $9.29 and a 200-day moving average price of $11.96.

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

Insider Buying and Selling at Orion Group

In related news, Director Mary Sullivan bought 3,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $9.79 per share, with a total value of $29,370.00. Following the completion of the purchase, the director owned 277,904 shares in the company, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Ledford bought 20,000 shares of Orion Group stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the completion of the transaction, the director directly owned 43,112 shares of the company’s stock, valued at $414,737.44. This represents a 86.54% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 28,000 shares of company stock worth $270,820. 5.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORN. BlackRock Inc. boosted its position in Orion Group by 9.9% in the 2nd quarter. BlackRock Inc. now owns 3,008,011 shares of the company’s stock valued at $50,595,000 after buying an additional 270,967 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Orion Group by 21.6% during the second quarter. Wasatch Advisors LP now owns 2,014,110 shares of the company’s stock worth $33,877,000 after acquiring an additional 357,276 shares during the last quarter. De Lisle Partners LLP bought a new stake in shares of Orion Group during the second quarter worth $7,067,000. Ardsley Advisory Partners LP lifted its stake in shares of Orion Group by 6.7% during the fourth quarter. Ardsley Advisory Partners LP now owns 400,000 shares of the company’s stock valued at $3,976,000 after acquiring an additional 25,000 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Orion Group by 102.8% during the first quarter. Sei Investments Co. now owns 386,663 shares of the company’s stock valued at $4,215,000 after acquiring an additional 196,041 shares during the period. Institutional investors and hedge funds 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.