Orion Group (NYSE:ORN) Reaches New 12-Month High Following Analyst Upgrade

Orion Group Holdings, Inc. (NYSE:ORN)’s share price hit a new 52-week high during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $16.00 to $19.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Orion Group traded as high as $15.85 and last traded at $15.44, with a volume of 74629 shares trading hands. The stock had previously closed at $15.48.

Other equities research analysts have also recently issued research reports about the company. DA Davidson raised their price objective on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Roth Mkm started coverage on Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 target price on the stock. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. B. Riley Financial boosted 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. Finally, Zacks Research upgraded shares of Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

Insider Activity at Orion Group

In related news, Director Margaret M. Foran sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $14.62, for a total transaction of $292,400.00. Following the completion of the sale, the director owned 137,541 shares in the company, valued at approximately $2,010,849.42. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the sale, the director directly owned 329,215 shares of the company’s stock, valued at $4,006,546.55. The trade was a 21.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 141,390 shares of company stock valued at $1,832,825 over the last 90 days. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Orion Group

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in Orion Group by 64.2% during the first quarter. AQR Capital Management LLC now owns 480,451 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 187,819 shares during the period. NewEdge Advisors LLC grew its stake in Orion Group by 55.7% in the 1st quarter. NewEdge Advisors LLC now owns 25,001 shares of the construction company’s stock valued at $131,000 after purchasing an additional 8,945 shares during the period. Empowered Funds LLC increased its position in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock valued at $626,000 after purchasing an additional 2,220 shares during the last quarter. Strs Ohio purchased a new stake in shares of Orion Group during the 1st quarter valued at $175,000. Finally, Creative Planning bought a new stake in shares of Orion Group during the 2nd quarter worth $202,000. 70.25% of the stock is owned by institutional investors.

Orion Group Stock Down 1.8%

The stock has a 50 day moving average price of $12.04 and a 200 day moving average price of $11.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.41. The company has a market capitalization of $615.05 million, a P/E ratio of 72.36 and a beta of 1.39.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.13 million. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. Equities research analysts forecast 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.