Orion Group Holdings, Inc. (NYSE:ORN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Orion Group Holdings, Inc. (NYSE:ORN) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.25.

Several equities analysts have weighed in on ORN shares. JPMorgan Chase & Co. started coverage on shares of Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. DA Davidson lifted their price objective on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Zacks Research cut shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Wall Street Zen raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, B. Riley Financial upped their price target on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th.

Orion Group Trading Up 1.2%

NYSE ORN opened at $12.12 on Tuesday. Orion Group has a twelve month low of $5.68 and a twelve month high of $15.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.35 and a current ratio of 1.36. The stock has a market cap of $487.18 million, a price-to-earnings ratio of 242.38 and a beta of 1.25. The firm’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $10.93.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. The firm had revenue of $233.22 million for the quarter, compared to analysts’ expectations of $222.42 million. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Equities analysts anticipate that Orion Group will post 0.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Quentin P. Jr. Smith sold 10,695 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total value of $131,013.75. Following the transaction, the director directly owned 90,659 shares of the company’s stock, valued at approximately $1,110,572.75. This represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares in the company, valued at $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Orion Group

A number of hedge funds have recently modified their holdings of the stock. Brandes Investment Partners LP increased its stake in shares of Orion Group by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock worth $49,801,000 after acquiring an additional 56,663 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Orion Group by 1.8% in the fourth quarter. Wasatch Advisors LP now owns 2,267,707 shares of the construction company’s stock worth $22,541,000 after acquiring an additional 41,188 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Orion Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock worth $16,847,000 after acquiring an additional 5,572 shares during the last quarter. Royce & Associates LP boosted its holdings in Orion Group by 2.1% in the third quarter. Royce & Associates LP now owns 1,704,174 shares of the construction company’s stock worth $14,179,000 after purchasing an additional 35,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Orion Group by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after purchasing an additional 17,390 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Company Profile

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.