Orion Group (NYSE:ORN) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Orion Group (NYSE:ORN) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

ORN has been the subject of a number of other research reports. Weiss Ratings raised shares of Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their target price on Orion Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. 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 research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Orion Group Stock Performance

Shares of ORN opened at $16.93 on Monday. Orion Group has a 52-week low of $6.44 and a 52-week high of $17.40. The stock’s 50-day simple moving average is $14.38 and its 200 day simple moving average is $12.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.41. The stock has a market capitalization of $685.27 million, a price-to-earnings ratio of 80.62 and a beta of 1.37.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.05 earnings per share for the quarter. Orion Group had a return on equity of 4.44% and a net margin of 0.98%.The firm had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $198.12 million. Research analysts forecast that Orion Group will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Margaret M. Foran sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $14.62, for a total transaction of $292,400.00. Following the transaction, the director directly owned 137,541 shares of the company’s stock, valued at approximately $2,010,849.42. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 40,695 shares of company stock valued at $606,512. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP raised its holdings in shares of Orion Group by 1.1% in the 4th quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock valued at $49,801,000 after purchasing an additional 56,663 shares in the last quarter. Wasatch Advisors LP increased its holdings in Orion Group by 1.8% during the fourth quarter. Wasatch Advisors LP now owns 2,267,707 shares of the construction company’s stock valued at $22,541,000 after buying an additional 41,188 shares during the period. Vanguard Group Inc. raised its stake in Orion Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock worth $16,847,000 after buying an additional 5,572 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Orion Group by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock worth $14,019,000 after buying an additional 17,390 shares during the period. Finally, Invesco Ltd. boosted its position in Orion Group by 1.6% during the 4th quarter. Invesco Ltd. now owns 1,292,193 shares of the construction company’s stock valued at $12,844,000 after acquiring an additional 20,835 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Company Profile

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.