Orion Group (NYSE:ORN) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Orion Group (NYSE:ORN) from a "hold" to a "buy", joining multiple firms (DA Davidson, Roth MKM, B. Riley, Zacks, JPMorgan) that now rate the stock positively; the consensus analyst rating is "Buy" with an average price target of $16.25.
• Orion beat quarterly expectations—$0.08 EPS vs. $0.05 estimate and $233.22M revenue vs. $222.42M—and the stock trades around $11.69 within a 52-week range of $4.64–$15.00, with a market cap of roughly $469M and a high P/E of 233.8.
• Institutional ownership is significant at about 70.25%, with notable new or increased stakes from firms including Wasatch Advisors and Invesco, signaling rising institutional interest.

Orion Group (NYSE:ORN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

ORN has been the subject of a number of other research reports. DA Davidson raised their price objective on shares of Orion Group from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Roth Mkm began coverage on Orion Group in a report on Tuesday, February 10th. They issued a "buy" rating and a $17.00 target price for the company. B. Riley Financial raised their target price on Orion Group from $15.50 to $17.00 and gave the stock a "buy" rating in a research report on Thursday. Zacks Research upgraded Orion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. initiated coverage on Orion Group in a research report on Thursday, January 22nd. They set an "overweight" rating and a $16.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $16.25.

Orion Group Stock Performance

Shares of NYSE ORN opened at $11.69 on Friday. The stock's fifty day simple moving average is $12.25 and its 200 day simple moving average is $10.14. The stock has a market capitalization of $468.54 million, a price-to-earnings ratio of 233.80 and a beta of 1.15. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. Orion Group has a 52-week low of $4.64 and a 52-week high of $15.00.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Orion Group had a return on equity of 4.14% and a net margin of 0.29%.The business had revenue of $233.22 million during the quarter, compared to analyst estimates of $222.42 million. As a group, sell-side analysts forecast that Orion Group will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Group

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in Orion Group during the second quarter valued at about $12,885,000. Invesco Ltd. lifted its holdings in Orion Group by 79.4% in the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company's stock worth $10,578,000 after purchasing an additional 562,863 shares during the last quarter. First Wilshire Securities Management Inc. bought a new stake in Orion Group during the second quarter worth approximately $4,813,000. Simcoe Capital LLC acquired a new position in Orion Group during the fourth quarter valued at approximately $4,509,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Orion Group during the fourth quarter valued at approximately $2,977,000. 70.25% of the stock is currently owned by institutional investors.

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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