Orion Group (NYSE:ORN) Sets New 1-Year High Following Analyst Upgrade

Orion Group Holdings, Inc. (NYSE:ORN) reached a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $16.00 to $19.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Orion Group traded as high as $15.85 and last traded at $15.44, with a volume of 74629 shares trading hands. The stock had previously closed at $15.48.

A number of other equities research analysts also recently weighed in on ORN. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. DA Davidson raised their price objective on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, B. Riley Financial boosted their price target on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Orion Group presently has a consensus rating of “Buy” and an average price target of $17.00.

Insider Buying and Selling

In other news, Director Austin J. Shanfelter sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares in the company, valued at $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret M. Foran sold 20,000 shares of Orion Group stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $14.62, for a total value of $292,400.00. Following the completion of the transaction, the director directly owned 137,541 shares in the company, valued at approximately $2,010,849.42. This represents a 12.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 141,390 shares of company stock valued at $1,832,825 in the last three months. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP bought a new position in Orion Group during the second quarter worth $12,885,000. Invesco Ltd. grew its holdings in Orion Group by 79.4% during the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock worth $10,578,000 after acquiring an additional 562,863 shares during the period. Simcoe Capital LLC bought a new position in shares of Orion Group in the 4th quarter worth about $4,509,000. Allspring Global Investments Holdings LLC bought a new position in shares of Orion Group in the 4th quarter worth about $2,977,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Orion Group by 727.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock valued at $2,569,000 after purchasing an additional 248,988 shares during the period. 70.25% of the stock is owned by institutional investors.

Orion Group Trading Down 1.8%

The firm has a 50-day moving average of $12.04 and a 200 day moving average of $11.50. The company has a market cap of $615.05 million, a P/E ratio of 72.36 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43.

Orion Group (NYSE:ORN) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $0.05 EPS for the quarter. The company had revenue of $216.30 million during the quarter, compared to the consensus estimate of $198.13 million. Orion Group had a net margin of 0.98% and a return on equity of 4.44%. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. On average, analysts predict that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current fiscal year.

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.