Orion Group Holdings, Inc. (NYSE:ORN) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give Orion Group a “Moderate Buy” consensus: Six of eight covering firms recommend buying the stock, while two rate it a sell; the average 12-month price target is $16.33.
• Orion shares recently traded at $9.02, down 1.1%, and remain below their 50-day and 200-day moving averages. The company’s latest quarterly EPS of $0.02 missed the $0.06 consensus estimate, while revenue of $221.88 million also fell short of expectations.
• Insiders and institutional investors have been buying: Company directors purchased 28,000 shares over the past three months, while institutional investors and hedge funds own 70.25% of the stock.

Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.3333.

A number of analysts have weighed in on the company. Wall Street Zen cut Orion Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 1st. Oppenheimer dropped their price target 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. Zacks Research downgraded shares of Orion Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Orion Group from a "hold (c)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Finally, Roth Capital set a $15.00 price objective on Orion Group in a research note on Thursday, July 30th.

Orion Group Stock Down 1.1%

Shares of Orion Group stock traded down $0.10 during trading on Friday, hitting $9.02. 44,014 shares of the stock traded hands, compared to its average volume of 425,247. The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $12.25. Orion Group has a twelve month low of $7.78 and a twelve month high of $17.40. The stock has a market cap of $365.22 million, a P/E ratio of 100.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.51 and a current ratio of 1.52.

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

Insider Transactions at Orion Group

In related news, Director Mary E. Sullivan acquired 3,000 shares of the company's stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the acquisition, the director owned 277,904 shares in the company, valued at $2,720,680.16. This trade represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Ledford acquired 20,000 shares of the business's stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $9.62 per share, with a total value of $192,400.00. Following the transaction, the director directly owned 43,112 shares of the company's stock, valued at $414,737.44. The trade was a 86.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 28,000 shares of company stock worth $270,820 over the last three months. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Orion Group

Several large investors have recently added to or reduced their stakes in ORN. Wasatch Advisors LP lifted its holdings in shares of Orion Group by 21.6% during the 2nd quarter. Wasatch Advisors LP now owns 2,014,110 shares of the company's stock worth $33,877,000 after acquiring an additional 357,276 shares during the period. BlackRock Inc. increased its stake in Orion Group by 9.9% in the second quarter. BlackRock Inc. now owns 3,008,011 shares of the company's stock valued at $50,595,000 after acquiring an additional 270,967 shares during the period. Sei Investments Co. increased its stake in Orion Group by 102.8% in the first quarter. Sei Investments Co. now owns 386,663 shares of the company's stock valued at $4,215,000 after acquiring an additional 196,041 shares during the period. CenterBook Partners LP raised its position in Orion Group by 33.1% in the fourth quarter. CenterBook Partners LP now owns 720,561 shares of the company's stock worth $7,162,000 after purchasing an additional 179,050 shares in the last quarter. Finally, JB Capital Partners LP acquired a new position in Orion Group in the second quarter worth about $2,186,600. Institutional investors and hedge funds own 70.25% of the company's stock.

Orion Group Company Profile

Orion Group Holdings, Inc NYSE: ORN is a construction company that provides infrastructure services to public- and private-sector customers. The company operates primarily through its Marine and Concrete segments, serving clients involved in transportation, infrastructure, industrial, commercial and government projects.

Its Marine segment performs construction and repair work for ports, harbors, waterways and other marine infrastructure. Services may include marine transportation, dredging, excavation, pile driving, installation of marine structures and construction of bridges, piers, docks and other waterfront facilities.

Through its Concrete segment, Orion provides structural and site-concrete services for commercial, industrial and infrastructure developments.

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.