Orion Group (NYSE:ORN) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Orion Group’s price target from $16 to $14 while maintaining an “overweight” rating, implying 52.26% upside from the prior close.
• Analyst sentiment is mixed: Orion has an average “Hold” rating and a consensus price target of $14.75, with recent downgrades from Zacks Research and Weiss Ratings.
• Orion missed quarterly earnings expectations, reporting $0.02 in EPS versus the $0.06 consensus, while company insiders purchased 28,000 shares worth approximately $270,820 over the past three months.

Orion Group (NYSE:ORN - Get Free Report) had its price target decreased by JPMorgan Chase & Co. from $16.00 to $14.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 52.26% from the stock's previous close.

Several other brokerages also recently commented on ORN. Zacks Research downgraded Orion Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Roth Capital set a $15.00 price objective on shares of Orion Group in a research note on Thursday, July 30th. Oppenheimer dropped 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 report on Thursday, July 30th. Weiss Ratings downgraded shares of Orion Group from a "hold (c)" rating to a "sell (d+)" rating in a report on Thursday, July 30th. Finally, Wall Street Zen cut shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $14.75.

Orion Group Stock Performance

Orion Group stock traded up $0.07 on Tuesday, reaching $9.20. 228,046 shares of the stock were exchanged, compared to its average volume of 433,778. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. Orion Group has a twelve month low of $8.08 and a twelve month high of $17.40. The firm has a fifty day moving average price of $9.29 and a two-hundred day moving average price of $11.96. The stock has a market cap of $372.35 million, a PE ratio of 102.08 and a beta of 1.43.

Orion Group (NYSE:ORN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.04). Orion Group had a return on equity of 3.07% and a net margin of 0.40%. The business had revenue of $221.88 million during the quarter, compared to the consensus estimate of $225.72 million. Sell-side analysts anticipate that Orion Group will post 0.12 EPS for the current year.

Insider Transactions at Orion Group

In other Orion Group news, Director Mary Sullivan bought 3,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $9.79 per share, for a total transaction of $29,370.00. Following the transaction, the director owned 277,904 shares in the company, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Ledford bought 20,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $9.62 per share, for a total transaction of $192,400.00. Following the purchase, the director owned 43,112 shares of the company's stock, valued at $414,737.44. This trade represents a 86.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 28,000 shares of company stock valued at $270,820. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Orion Group

Several large investors have recently modified their holdings of ORN. BlackRock Inc. boosted its stake in Orion Group by 9.9% in the 2nd quarter. BlackRock Inc. now owns 3,008,011 shares of the company's stock valued at $50,595,000 after buying an additional 270,967 shares in the last quarter. Wasatch Advisors LP grew its position in Orion Group by 21.6% in the second quarter. Wasatch Advisors LP now owns 2,014,110 shares of the company's stock valued at $33,877,000 after acquiring an additional 357,276 shares during the period. De Lisle Partners LLP acquired a new position in Orion Group during the second quarter worth $7,067,000. Ardsley Advisory Partners LP raised its stake in Orion Group by 6.7% during the fourth quarter. Ardsley Advisory Partners LP now owns 400,000 shares of the company's stock worth $3,976,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Orion Group by 102.8% during the first quarter. Sei Investments Co. now owns 386,663 shares of the company's stock worth $4,215,000 after acquiring an additional 196,041 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

About Orion Group

Orion Group Holdings, Inc is a construction company that operates through its marine and concrete businesses. Its marine operations provide construction and rehabilitation services for ports, terminals, bridges, waterways, offshore facilities and other marine infrastructure. The company's capabilities include dredging, marine transportation, heavy civil construction, steel erection, pile driving and specialty marine repair.

Through its concrete operations, Orion performs commercial, industrial and infrastructure concrete work.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.