JPMorgan Chase & Co. Has $1.68 Million Holdings in Orion Group Holdings, Inc. $ORN

JPMorgan Chase & Co. cut its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 28.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,962 shares of the construction company’s stock after selling 81,274 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.51% of Orion Group worth $1,680,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP acquired a new stake in Orion Group in the third quarter valued at about $33,000. Comerica Bank boosted 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 buying an additional 3,562 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Orion Group during the third quarter valued at about $86,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Orion Group during the third quarter valued at about $87,000. Finally, Millennium Management LLC acquired a new stake in shares of Orion Group during the third quarter valued at about $91,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Price Performance

Orion Group stock opened at $11.01 on Wednesday. The stock’s 50 day moving average is $12.28 and its 200 day moving average is $10.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35. The firm has a market cap of $442.52 million, a P/E ratio of 220.16 and a beta of 1.25. Orion Group Holdings, Inc. has a one year low of $5.00 and a one year high of $15.00.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on ORN. DA Davidson lifted their price target on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised Orion Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Zacks Research lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Roth Mkm began coverage on Orion Group in a research note on Tuesday, February 10th. They set a “buy” rating and a $17.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Insider Buying and Selling

In related news, Director Quentin P. Jr. Smith sold 10,695 shares of Orion Group stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.25, for a total value of $131,013.75. Following the transaction, the director directly owned 90,659 shares of the company’s stock, valued at $1,110,572.75. The trade was a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Austin J. Shanfelter sold 90,000 shares of Orion Group stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $12.17, for a total value of $1,095,300.00. Following the completion of the transaction, the director directly owned 329,215 shares in the company, valued at approximately $4,006,546.55. This represents a 21.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.90% of the stock is owned by insiders.

Orion Group Company Profile

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.