Orion Group (NYSE:ORN) Given New $19.00 Price Target at JPMorgan Chase & Co.

Orion Group (NYSE:ORN) had its price target raised by JPMorgan Chase & Co. from $16.00 to $19.00 in a report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Roth Mkm started coverage on Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 price objective on the stock. Wall Street Zen raised Orion Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised Orion Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, DA Davidson lifted their price objective on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $17.00.

Orion Group Stock Down 3.2%

Shares of ORN opened at $14.99 on Friday. The firm has a market cap of $606.88 million, a P/E ratio of 71.39 and a beta of 1.39. The stock has a 50 day simple moving average of $12.07 and a two-hundred day simple moving average of $11.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.40. Orion Group has a 1 year low of $6.44 and a 1 year high of $15.85.

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

Insider Buying and Selling at Orion Group

In other news, Director Quentin P. Jr. Smith sold 10,695 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total value of $131,013.75. Following the completion of the sale, the director directly owned 90,659 shares in the company, valued at $1,110,572.75. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Austin J. Shanfelter sold 90,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the sale, the director owned 329,215 shares of the company’s stock, valued at $4,006,546.55. This trade represents a 21.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 141,390 shares of company stock worth $1,832,825. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Orion Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of Orion Group by 0.6% in the 1st quarter. First Trust Advisors LP now owns 120,534 shares of the construction company’s stock worth $1,314,000 after purchasing an additional 697 shares in the last quarter. Barclays PLC increased its stake in shares of Orion Group by 1.0% in the 4th quarter. Barclays PLC now owns 89,908 shares of the construction company’s stock worth $894,000 after purchasing an additional 888 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Orion Group by 5.7% in the 4th quarter. Deutsche Bank AG now owns 33,690 shares of the construction company’s stock worth $335,000 after purchasing an additional 1,802 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Orion Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,220 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Orion Group by 6.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 50,060 shares of the construction company’s stock worth $416,000 after purchasing an additional 2,888 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.