Brokerages Set Orion Group Holdings, Inc. (NYSE:ORN) PT at $14.88

Orion Group Holdings, Inc. (NYSE:ORN) has been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.25.

Several research analysts have recently commented on ORN shares. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday. Roth Mkm initiated coverage on Orion Group in a research note on Tuesday, February 10th. They set a “buy” rating and a $17.00 price objective for the company. B. Riley Financial increased their target price on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd.

Institutional Trading of Orion Group

Several institutional investors and hedge funds have recently modified their holdings of ORN. Barclays PLC boosted its holdings in Orion Group by 1.0% in the 4th quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after buying an additional 888 shares during the period. Deutsche Bank AG increased its stake in Orion Group by 5.7% in the 4th quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after buying an additional 1,802 shares in the last quarter. Empowered Funds LLC raised its holdings in Orion Group by 1.9% during the first quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after acquiring an additional 2,220 shares during the period. OLD National Bancorp IN lifted its position in shares of Orion Group by 20.7% in the third quarter. OLD National Bancorp IN now owns 16,047 shares of the construction company’s stock valued at $134,000 after acquiring an additional 2,751 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Orion Group by 171.1% in the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after acquiring an additional 2,832 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Orion Group Trading Down 1.1%

Shares of ORN stock opened at $11.69 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35. The company has a market cap of $468.54 million, a price-to-earnings ratio of 233.80 and a beta of 1.15. Orion Group has a 1 year low of $4.64 and a 1 year high of $15.00. The firm has a fifty day moving average price of $12.25 and a 200-day moving average price of $10.19.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Orion Group had a return on equity of 4.14% and a net margin of 0.29%.The company had revenue of $233.22 million for the quarter, compared to the consensus estimate of $222.42 million. As a group, equities analysts predict that Orion Group will post 0.06 earnings per share for the current year.

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.