Orion Group (NYSE:ORN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Orion Group (NYSE:ORN) from a strong-buy rating to a hold rating in a report issued on Saturday morning.

A number of other research firms have also recently commented on ORN. JPMorgan Chase & Co. upped their price target on shares of Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday. Oppenheimer assumed coverage on shares of Orion Group in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 price objective for the company. Zacks Research downgraded shares of Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Roth Capital set a $15.00 target price on shares of Orion Group in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Orion Group Price Performance

ORN opened at $9.78 on Friday. The business has a fifty day moving average of $14.02 and a 200 day moving average of $13.03. The stock has a market cap of $395.95 million, a P/E ratio of 108.67 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.52 and a debt-to-equity ratio of 0.62. Orion Group has a 52-week low of $6.44 and a 52-week high of $17.40.

Orion Group (NYSE:ORN) last released its earnings results on Tuesday, July 28th. The construction company reported $0.02 earnings per share 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 business had revenue of $221.88 million during the quarter, compared to analysts’ expectations of $225.72 million. Orion Group has set its FY 2026 guidance at 0.230-0.300 EPS. As a group, sell-side analysts anticipate that Orion Group will post 0.26 EPS for the current year.

Insider Activity

In other news, Director Margaret M. Foran sold 10,695 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $15.70, for a total value of $167,911.50. Following the completion of the transaction, the director directly owned 116,846 shares of the company’s stock, valued at approximately $1,834,482.20. The trade was a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Orion Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Orion Group in the third quarter worth about $33,000. Comerica Bank boosted its holdings in shares of Orion Group by 219.7% in the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after buying an additional 3,562 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Orion Group in the 1st quarter worth approximately $52,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Orion Group in the 3rd quarter worth approximately $86,000. Finally, Millennium Management LLC purchased a new position in shares of Orion Group in the 3rd quarter worth approximately $91,000. 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.