Orion Group Holdings, Inc. (NYSE:ORN) Stock Has Average Price Target of $14.75

Key Points

• Analysts give Orion Group a “Moderate Buy” consensus: five of seven rate it a buy, one a hold and one a sell. The average 12-month price target is $14.75.
• Shares rose 4.6% to $7.21 in Friday trading, well below the $14.75 average target and the stock’s 52-week high of $17.40.
• Orion beat quarterly estimates, reporting EPS of $0.12 versus $0.09 expected and revenue of $256.15 million versus $245.98 million expected.

Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.75.

Several brokerages have commented on ORN. Roth Capital set a $15.00 target price on shares of Orion Group in a research report on Thursday, July 30th. Oppenheimer reduced their price target on Orion Group from $20.00 to $15.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Wall Street Zen cut Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research upgraded Orion Group from a "strong sell" rating to a "hold" rating in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on Orion Group from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th.

Orion Group Trading Up 4.6%

Orion Group stock traded up $0.32 during trading hours on Friday, reaching $7.21. 893,600 shares of the company's stock traded hands, compared to its average volume of 597,368. The firm has a market capitalization of $293.00 million, a price-to-earnings ratio of 48.04 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.36 and a current ratio of 1.37. Orion Group has a fifty-two week low of $6.75 and a fifty-two week high of $17.40. The firm's 50 day moving average is $8.84 and its 200-day moving average is $11.72.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Orion Group had a net margin of 0.62% and a return on equity of 3.59%. The company had revenue of $256.15 million during the quarter, compared to analysts' expectations of $245.98 million. On average, analysts predict that Orion Group will post 0.13 earnings per share for the current year.

Institutional Trading of Orion Group

A number of institutional investors and hedge funds have recently modified their holdings of ORN. BlackRock Inc. boosted its stake in Orion Group by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,008,011 shares of the company's stock worth $50,595,000 after acquiring an additional 270,967 shares during the last quarter. Wasatch Advisors LP increased its stake 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 purchasing an additional 357,276 shares in the last quarter. Grace & White Inc. NY increased its stake in Orion Group by 2.5% in the third quarter. Grace & White Inc. NY now owns 832,902 shares of the company's stock valued at $7,121,000 after purchasing an additional 20,180 shares in the last quarter. CenterBook Partners LP increased its stake in Orion Group by 357.2% in the third quarter. CenterBook Partners LP now owns 755,765 shares of the company's stock valued at $6,462,000 after purchasing an additional 590,467 shares in the last quarter. Finally, De Lisle Partners LLP acquired a new stake in Orion Group in the second quarter worth $7,067,000. 70.25% of the stock is owned by institutional investors.

Orion Group Company Profile

Orion Group Holdings, Inc NYSE: ORN is a construction company that provides infrastructure services for public- and private-sector customers in the United States. The company operates through its Marine and Concrete segments, serving markets that require specialized construction capabilities and project management.

Orion's marine construction business focuses on projects involving ports, waterways and other marine infrastructure. Its services include the construction and repair of piers, docks, bridges, breakwaters and other marine structures, as well as dredging, marine transportation and related site work.

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