Orion Group (NYSE:ORN) Rating Lowered to Hold at Zacks Research

Orion Group (NYSE:ORN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on shares of Orion Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, B. Riley Financial upped their target price on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Orion Group Stock Performance

NYSE ORN opened at $16.93 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $14.38 and its two-hundred day moving average is $12.62. Orion Group has a 12-month low of $6.44 and a 12-month high of $17.40. The stock has a market capitalization of $685.27 million, a price-to-earnings ratio of 80.62 and a beta of 1.37.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. The firm had revenue of $216.30 million for the quarter, compared to the consensus estimate of $198.12 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%. Research analysts expect that Orion Group will post 0.26 EPS for the current year.

Insider Buying and Selling

In other Orion Group news, Director Margaret M. Foran sold 10,695 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.70, for a total transaction of $167,911.50. Following the completion of the transaction, the director directly owned 116,846 shares in the company, valued at approximately $1,834,482.20. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 40,695 shares of company stock valued at $606,512. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Orion Group

Several large investors have recently modified their holdings of ORN. Royal Bank of Canada increased its stake in shares of Orion Group by 55.5% during the 1st quarter. Royal Bank of Canada now owns 64,866 shares of the construction company’s stock worth $707,000 after purchasing an additional 23,155 shares in the last quarter. Sei Investments Co. grew its holdings in Orion Group by 102.8% during the 1st quarter. Sei Investments Co. now owns 386,663 shares of the construction company’s stock valued at $4,215,000 after buying an additional 196,041 shares during the last quarter. Globeflex Capital L P grew its holdings in Orion Group by 481.0% during the 1st quarter. Globeflex Capital L P now owns 71,310 shares of the construction company’s stock valued at $777,000 after buying an additional 59,036 shares during the last quarter. First Trust Advisors LP increased its position in Orion Group by 0.6% during the first quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after buying an additional 697 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Orion Group by 27.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 378,732 shares of the construction company’s stock worth $4,257,000 after buying an additional 80,735 shares in the last quarter. 70.25% of the stock is currently 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.