Orion Group (NYSE:ORN) Cut to Hold at Zacks Research

Zacks Research cut shares of Orion Group (NYSE:ORN) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

ORN has been the topic of a number of other research reports. B. Riley Financial increased their target price on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. initiated coverage on Orion Group in a research report on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target on the stock. DA Davidson raised their price objective on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Roth Mkm assumed coverage on shares of Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Weiss Ratings lowered shares of Orion Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Orion Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Orion Group Price Performance

Shares of ORN stock opened at $11.52 on Wednesday. The firm has a fifty day moving average of $12.32 and a two-hundred day moving average of $10.64. The firm has a market cap of $461.60 million, a P/E ratio of 230.32 and a beta of 1.25. Orion Group has a 1-year low of $4.64 and a 1-year high of $15.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, March 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $233.22 million for the quarter, compared to analyst estimates of $222.42 million. Orion Group had a net margin of 0.29% and a return on equity of 4.14%. Orion Group has set its FY 2026 guidance at 0.360-0.420 EPS. As a group, research analysts anticipate that Orion Group will post 0.06 earnings per share for the current fiscal year.

Insider Activity at Orion Group

In other Orion Group news, Director Austin J. Shanfelter sold 90,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total transaction of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares of the company’s stock, valued at approximately $4,006,546.55. This trade represents a 21.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Quentin P. Jr. Smith sold 10,695 shares of Orion Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $12.25, for a total value of $131,013.75. Following the transaction, the director owned 90,659 shares in the company, valued at approximately $1,110,572.75. This trade represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORN. Invesco Ltd. grew its holdings in Orion Group by 1.6% during the fourth quarter. Invesco Ltd. now owns 1,292,193 shares of the construction company’s stock worth $12,844,000 after acquiring an additional 20,835 shares during the period. Susquehanna Fundamental Investments LLC lifted its holdings in Orion Group by 105.0% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 21,097 shares of the construction company’s stock valued at $210,000 after acquiring an additional 10,808 shares during the last quarter. Millennium Management LLC boosted its position in shares of Orion Group by 790.5% during the 4th quarter. Millennium Management LLC now owns 97,758 shares of the construction company’s stock valued at $972,000 after purchasing an additional 86,780 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Orion Group during the 4th quarter valued at about $168,000. Finally, Ardsley Advisory Partners LP grew its stake in shares of Orion Group by 6.7% in the 4th quarter. Ardsley Advisory Partners LP now owns 400,000 shares of the construction company’s stock worth $3,976,000 after purchasing an additional 25,000 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.