Orion Group Holdings, Inc. (NYSE:ORN) Stock Has Average Target Price of $16.33

Orion Group Holdings, Inc. (NYSE:ORN – Get Free Report) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have recently weighed in on ORN shares. Zacks Research lowered Orion Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Roth Capital set a $15.00 price target on Orion Group in a research report on Thursday, July 30th. Wall Street Zen lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings cut Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Finally, Oppenheimer reduced their target price on shares of Orion Group from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th.

Check Out Our Latest Stock Report on Orion Group

Insider Buying and Selling at Orion Group

In other news, EVP Edward Earle acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $9.81 per share, with a total value of $49,050.00. Following the completion of the acquisition, the executive vice president owned 150,042 shares in the company, valued at approximately $1,471,912.02. This represents a 3.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Ledford bought 20,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average price of $9.62 per share, with a total value of $192,400.00. Following the purchase, the director directly 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 SEC filing for this purchase provides additional information. Insiders have bought a total of 28,000 shares of company stock worth $270,820 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Orion Group

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its stake 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 valued at $33,877,000 after purchasing an additional 357,276 shares during the last quarter. BlackRock Inc. raised 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 worth $50,595,000 after purchasing an additional 270,967 shares during the last quarter. Sei Investments Co. lifted its holdings in Orion Group by 102.8% during the 1st quarter. Sei Investments Co. now owns 386,663 shares of the company’s stock worth $4,215,000 after buying an additional 196,041 shares in the last quarter. JB Capital Partners LP acquired a new stake in shares of Orion Group in the 2nd quarter valued at $2,186,600. Finally, Bank of New York Mellon Corp bought a new stake in shares of Orion Group during the second quarter worth $2,583,000. 70.25% of the stock is currently owned by institutional investors.

Orion Group Stock Down 5.7%

NYSE ORN opened at $8.49 on Friday. Orion Group has a twelve month low of $8.08 and a twelve month high of $17.40. The stock has a market cap of $343.64 million, a PE ratio of 94.30 and a beta of 1.39. The firm has a 50-day simple moving average of $9.95 and a 200 day simple moving average of $12.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.51 and a current ratio of 1.52.

Orion Group (NYSE:ORN – Get Free Report) last announced 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. On average, research analysts forecast that Orion Group will post 0.12 EPS for the current year.

About Orion Group

(Get Free Report)

Orion Group Holdings, Inc (NYSE: ORN) is a construction company that provides infrastructure services to public- and private-sector customers. The company operates primarily through its Marine and Concrete segments, serving clients involved in transportation, infrastructure, industrial, commercial and government projects.

Its Marine segment performs construction and repair work for ports, harbors, waterways and other marine infrastructure. Services may include marine transportation, dredging, excavation, pile driving, installation of marine structures and construction of bridges, piers, docks and other waterfront facilities.

Through its Concrete segment, Orion provides structural and site-concrete services for commercial, industrial and infrastructure developments.

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Analyst Recommendations for Orion Group (NYSE:ORN)

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