Orion Group Holdings, Inc. (NYSE:ORN) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts collectively rate Orion Group “Hold.” The consensus includes five buy ratings and two sell ratings, with an average 12-month price target of $17.20 versus the reported trading price of $9.12.
• Orion Group’s latest quarterly results fell short of expectations, with adjusted earnings of $0.02 per share versus the $0.06 consensus and revenue of $221.88 million versus estimates of $225.72 million.
• Insiders bought shares recently: company directors and executives purchased 28,000 shares worth approximately $270,820 in the last quarter, while institutional investors own 70.25% of the stock.

Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) have received a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

Several research firms have recently issued reports on ORN. Wall Street Zen lowered shares of Orion Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. lifted their price target on Orion Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Oppenheimer started coverage on Orion Group in a report on Tuesday, July 7th. They issued an "outperform" rating and a $20.00 price target for the company. Roth Capital set a $15.00 price target on Orion Group in a research report on Thursday, July 30th. Finally, Zacks Research lowered Orion Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th.

Orion Group Stock Performance

NYSE:ORN traded down $0.15 during trading hours on Monday, hitting $9.12. 9,006 shares of the company were exchanged, compared to its average volume of 430,354. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.51. Orion Group has a 52-week low of $6.88 and a 52-week high of $17.40. The stock has a market capitalization of $369.27 million, a price-to-earnings ratio of 100.79 and a beta of 1.40. The company's 50 day moving average price is $12.78 and its 200-day moving average price is $12.85.

Orion Group (NYSE:ORN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction 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 firm had revenue of $221.88 million for the quarter, compared to analyst estimates of $225.72 million. As a group, research analysts forecast that Orion Group will post 0.12 earnings per share for the current year.

Insider Activity

In other Orion Group news, Director Robert Ledford bought 20,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $9.62 per share, for a total transaction of $192,400.00. Following the transaction, the director directly owned 43,112 shares of the company's stock, valued at approximately $414,737.44. This represents a 86.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Edward Chipman Earle purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $9.81 per share, for a total transaction of $49,050.00. Following the purchase, the executive vice president directly owned 150,042 shares in the company, valued at $1,471,912.02. This trade represents a 3.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 28,000 shares of company stock worth $270,820 in the last quarter. Corporate insiders own 5.70% of the company's stock.

Institutional Trading of Orion Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading LLC purchased a new position in Orion Group in the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in Orion Group during the 3rd quarter worth approximately $33,000. Comerica Bank raised its holdings in shares of Orion Group by 219.7% during the third quarter. Comerica Bank now owns 5,183 shares of the construction company's stock valued at $43,000 after acquiring an additional 3,562 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Orion Group during the first quarter valued at approximately $52,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Orion Group in the third quarter valued at approximately $86,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

About Orion Group

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.

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