Orion Group (NYSE:ORN) Coverage Initiated at Roth Mkm

Investment analysts at Roth Mkm began coverage on shares of Orion Group (NYSE:ORN) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $17.00 price target on the construction company’s stock. Roth Mkm’s target price suggests a potential upside of 18.63% from the stock’s current price.

A number of other brokerages have also recently issued reports on ORN. Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. JPMorgan Chase & Co. started coverage on shares of Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. DA Davidson boosted their price objective on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Orion Group in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.88.

Orion Group Trading Down 0.4%

Shares of NYSE ORN opened at $14.33 on Tuesday. Orion Group has a fifty-two week low of $4.64 and a fifty-two week high of $15.00. The firm has a market capitalization of $571.77 million, a P/E ratio of 62.31 and a beta of 1.18. 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’s 50 day simple moving average is $11.30 and its 200 day simple moving average is $9.44.

Institutional Investors Weigh In On Orion Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ORN. Brandes Investment Partners LP boosted its position in Orion Group by 1.1% during the 4th quarter. Brandes Investment Partners LP now owns 5,010,193 shares of the construction company’s stock worth $49,801,000 after acquiring an additional 56,663 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Orion Group by 56.7% during the third quarter. Wasatch Advisors LP now owns 2,226,519 shares of the construction company’s stock worth $18,525,000 after purchasing an additional 805,956 shares during the last quarter. Vanguard Group Inc. grew its position in Orion Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,024,885 shares of the construction company’s stock valued at $16,847,000 after purchasing an additional 5,572 shares in the last quarter. Royce & Associates LP increased its stake in Orion Group by 2.1% in the 3rd quarter. Royce & Associates LP now owns 1,704,174 shares of the construction company’s stock valued at $14,179,000 after buying an additional 35,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Orion Group by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,684,977 shares of the construction company’s stock valued at $14,019,000 after buying an additional 17,390 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.