Orion Group (NYSE:ORN) Hits New 52-Week High – Should You Buy?

Orion Group Holdings, Inc. (NYSE:ORN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.17 and last traded at $12.9090, with a volume of 263174 shares. The stock had previously closed at $12.22.

Analyst Ratings Changes

A number of analysts have weighed in on ORN shares. JPMorgan Chase & Co. started coverage on Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Orion Group has a consensus rating of “Moderate Buy” and an average price target of $13.75.

Orion Group Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36. The stock’s fifty day moving average price is $10.68 and its 200-day moving average price is $9.15. The firm has a market cap of $516.86 million, a PE ratio of 56.32 and a beta of 1.18.

Institutional Investors Weigh In On Orion Group

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in Orion Group during the third quarter worth $33,000. First Horizon Advisors Inc. increased its position in shares of Orion Group by 171.1% in the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after buying an additional 2,832 shares in the last quarter. Comerica Bank raised its stake in shares of Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after buying an additional 3,562 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Orion Group in the 3rd quarter worth about $86,000. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in Orion Group by 69.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company’s stock valued at $95,000 after acquiring an additional 4,292 shares during the last quarter. Institutional investors and hedge funds 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.