Orion Group Holdings, Inc. (ORN) – What Are Investment Firms Thinking About This Stock?

Orion Group Holdings, Inc. (NYSE:ORN) has been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.75.

Several research analysts have issued reports on the company. Wall Street Zen downgraded Orion Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Roth Capital set a $15.00 target price on shares of Orion Group in a report on Thursday, July 30th. Zacks Research lowered shares of Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on Orion Group from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Oppenheimer decreased their price objective on Orion Group from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, July 30th.

Orion Group Stock Performance

Orion Group stock opened at $8.84 on Tuesday. Orion Group has a 52-week low of $8.15 and a 52-week high of $17.40. The firm has a market capitalization of $358.05 million, a P/E ratio of 98.27 and a beta of 1.43. The stock has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $11.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51.

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). The firm had revenue of $221.88 million for 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%. As a group, analysts anticipate that Orion Group will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Orion Group news, Director Mary E. Sullivan purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $9.79 per share, for a total transaction of $29,370.00. Following the completion of the purchase, the director owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Earle purchased 5,000 shares of Orion Group stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $9.81 per share, for a total transaction of $49,050.00. Following the transaction, the executive vice president directly owned 150,042 shares of the company’s stock, valued at $1,471,912.02. This represents a 3.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 28,000 shares of company stock valued at $270,820 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Orion Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new position in shares of Orion Group in the 2nd quarter valued at $26,000. Fifth Third Bancorp acquired a new stake in Orion Group in the first quarter valued at about $52,000. Keating Financial Advisory Services Inc. bought a new position in shares of Orion Group in the second quarter worth about $107,000. Legal & General Group Plc bought a new position in shares of Orion Group in the second quarter worth about $146,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Orion Group in the 2nd quarter valued at approximately $177,000. 70.25% of the stock is currently owned by institutional investors.

About Orion Group

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.