Orion Group (NYSE:ORN) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Orion Group (NYSE:ORN) in a research report report published on Thursday, Marketbeat reports. The brokerage issued an overweight rating and a $16.00 price objective on the construction company’s stock.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.75.

Orion Group Trading Up 13.2%

Shares of Orion Group stock opened at $12.66 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.35. The business has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $9.00. Orion Group has a 1 year low of $4.64 and a 1 year high of $13.17. The company has a market capitalization of $505.13 million, a price-to-earnings ratio of 55.05, a P/E/G ratio of 6.39 and a beta of 1.16.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $225.10 million for the quarter, compared to analyst estimates of $224.47 million. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. Research analysts forecast that Orion Group will post 0.06 EPS for the current year.

Institutional Trading of Orion Group

A number of institutional investors have recently bought and sold shares of ORN. Empowered Funds LLC boosted its position in shares of Orion Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 119,720 shares of the construction company’s stock worth $626,000 after acquiring an additional 2,220 shares in the last quarter. OLD National Bancorp IN lifted its stake in Orion Group by 20.7% during the third quarter. OLD National Bancorp IN now owns 16,047 shares of the construction company’s stock worth $134,000 after purchasing an additional 2,751 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Orion Group by 171.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,832 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Orion Group by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,172 shares of the construction company’s stock valued at $428,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Orion Group by 20.9% in the 3rd quarter. Intech Investment Management LLC now owns 17,316 shares of the construction company’s stock valued at $144,000 after purchasing an additional 2,999 shares during the last quarter. 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.