Orion Group Holdings, Inc. (NYSE:ORN) Stock Has Consensus Target Price of $14.75

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.75.

Several equities analysts recently issued reports on the company. Roth Capital set a $15.00 price objective on Orion Group in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of Orion Group from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings lowered shares of Orion Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 22nd. Wall Street Zen cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Oppenheimer lowered their price objective on shares of Orion Group from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th.

Orion Group Trading Up 4.6%

ORN stock traded up $0.32 during midday trading on Friday, hitting $7.21. 893,600 shares of the company’s stock were exchanged, compared to its average volume of 597,368. The stock’s fifty day moving average price is $8.84 and its 200-day moving average price is $11.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.36 and a current ratio of 1.37. The company has a market cap of $293.00 million, a PE ratio of 48.04 and a beta of 1.58. Orion Group has a one year low of $6.75 and a one year high of $17.40.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Orion Group had a return on equity of 3.59% and a net margin of 0.62%. The company had revenue of $256.15 million during the quarter, compared to the consensus estimate of $245.98 million. Research analysts predict that Orion Group will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Group One Trading LLC bought a new position in Orion Group during the 2nd quarter worth about $26,000. Fifth Third Bancorp bought a new stake in shares of Orion Group in the first quarter valued at about $52,000. Skylands Capital LLC acquired a new position in shares of Orion Group during the third quarter worth about $90,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Orion Group during the second quarter worth about $107,000. Finally, Legal & General Group Plc acquired a new position in shares of Orion Group during the second quarter worth about $146,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Company Profile

Orion Group Holdings, Inc (NYSE:ORN) is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion’s marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.