Orion Group (NYSE:ORN) Hits New 1-Year High Following Analyst Upgrade

Orion Group Holdings, Inc. (NYSE:ORN)’s share price hit a new 52-week high during trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $15.50 and last traded at $15.4370, with a volume of 129280 shares changing hands. The stock had previously closed at $14.62.

Other equities research analysts have also recently issued research reports about the company. DA Davidson increased their price target on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. B. Riley Financial increased their price target on shares of Orion Group from $15.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. initiated coverage on shares of Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target on the stock. Finally, Roth Mkm began coverage on Orion Group in a research report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $16.25.

Insider Transactions at Orion Group

In related news, Director Quentin P. Jr. Smith sold 10,695 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total transaction of $131,013.75. Following the completion of the transaction, the director directly owned 90,659 shares in the company, valued at $1,110,572.75. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the business’s stock in a transaction dated 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 sale, the director 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 141,390 shares of company stock worth $1,832,825 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Several large investors have recently added to or reduced their stakes in ORN. Quarry LP purchased a new stake in Orion Group during the 3rd quarter worth approximately $33,000. Comerica Bank increased its stake in Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after buying an additional 3,562 shares during the period. Fifth Third Bancorp purchased a new stake in Orion Group during the 1st quarter worth approximately $52,000. Susquehanna Fundamental Investments LLC purchased a new stake in Orion Group during the 3rd quarter worth approximately $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Orion Group in the third quarter valued at $87,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Stock Performance

The stock has a market capitalization of $596.88 million, a PE ratio of 70.22 and a beta of 1.39. The stock has a fifty day moving average of $11.90 and a 200-day moving average of $11.27. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, April 28th. The construction company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $216.30 million during the quarter, compared to analyst estimates of $198.13 million. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Equities analysts anticipate that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current fiscal 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.