Brokerages Set Orion Group Holdings, Inc. (NYSE:ORN) PT at $14.17

Orion Group Holdings, Inc. (NYSE:ORN) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.1667.

A number of equities research analysts have recently weighed in on ORN shares. DA Davidson boosted their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley Financial restated a “buy” rating on shares of Orion Group in a research report on Thursday. JPMorgan Chase & Co. started coverage on shares of Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd.

Institutional Investors 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 during the third quarter worth about $33,000. First Horizon Advisors Inc. grew its holdings in Orion Group by 171.1% during the second 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 during the period. Comerica Bank increased its stake in Orion Group by 219.7% in the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after purchasing an additional 3,562 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Orion Group in the third quarter worth $86,000. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in Orion Group by 69.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company’s stock worth $95,000 after purchasing an additional 4,292 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Trading Up 3.2%

Orion Group stock opened at $14.14 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 company has a market capitalization of $564.20 million, a price-to-earnings ratio of 61.48 and a beta of 1.18. The company’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $9.32. Orion Group has a one year low of $4.64 and a one year high of $14.66.

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.