MYR GroupMYRG
MYRG
About: MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.
Employees: 9,000
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,076% more call options, than puts
Call options by funds: $5.64M | Put options by funds: $480K
29% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 80
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
9% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 53
2% less funds holding
Funds holding: 272 [Q2] → 267 (-5) [Q3]
4.15% less ownership
Funds ownership: 92.79% [Q2] → 88.64% (-4.15%) [Q3]
28% less capital invested
Capital invested by funds: $2.11B [Q2] → $1.52B (-$591M) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$124
26%
downside
Avg. target
$138
17%
downside
High target
$153
8%
downside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Goldman Sachs Ati Modak 0 / 0 met price target | 8%downside $153 | Buy Maintained | 4 Nov 2024 |
Baird Justin Hauke 100% 1-year accuracy 5 / 5 met price target | 17%downside $138 | Outperform Maintained | 31 Oct 2024 |
Goldman Sachs Ati Modak 0 / 0 met price target | 26%downside $124 | Buy Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 3 articles about MYRG published over the past 30 days
Neutral
GlobeNewsWire
3 weeks ago
MYR Group Inc. to Participate in Oppenheimer Midwest Virtual Summit Investor Conference in December
THORNTON, Colo., Nov. 13, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will participate in the Oppenheimer Midwest Virtual Summit. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the Oppenheimer Midwest Virtual Summit investor conference on Wednesday, Dec. 11, 2024. This event is only available to Oppenheimer clients.
Neutral
GlobeNewsWire
4 weeks ago
MYR Group Inc. to Attend Janney Annual Clean Energy Investment Symposium Investor Conference in December
THORNTON, Colo., Nov. 07, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Janney 2nd Annual Clean Energy Investment Symposium. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Janney Clean Energy Investment Symposium investor conference on Thursday, Dec. 5, 2024, in New Orleans. This event is only available to Janney clients.
Neutral
GlobeNewsWire
4 weeks ago
MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in December
THORNTON, Colo., Nov. 06, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the UBS Global Industrials and Transportation Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the UBS Global Industrials and Transportation investor conference on Wednesday, Dec. 4, 2024, in Palm Beach, Fla. This event is only available to UBS clients.
Neutral
Seeking Alpha
1 month ago
MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript
MYR Group Inc (NASDAQ:MYRG ) Q3 2024 Results Conference Call October 31, 2024 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Richard Swartz - President & Chief Executive Officer Kelly Huntington - Senior Vice President and Chief Financial Officer Brian Stern - SVP and Chief Operating Officer, Transmission and Distribution Segment Don Egan - SVP and Chief Operating Officer, Commercial and Industrial Segment Conference Call Participants Atidrip Modak - Goldman Sachs Sangita Jain - KeyBanc Capital Markets Justin Hauke - Baird Brian Brophy - Stifel Jon Braatz - Kansas City Capital Operator Good day, and thank you for standing by. Welcome to the MYR Group Third Quarter 2024 Conference Call.
Positive
Zacks Investment Research
1 month ago
MYR Group (MYRG) Q3 Earnings Top Estimates
MYR Group (MYRG) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $1.28 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
MYR Group Inc. Announces Third-Quarter and First Nine-Months 2024 Results
THORNTON, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its third-quarter and first nine-months 2024 financial results.
Neutral
GlobeNewsWire
1 month ago
MYR Group Inc. to Attend Stephens Annual Investment Conference in November
THORNTON, Colo., Oct. 23, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the 2024 Stephens Annual Investment Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Stephens Annual Investment conference on Wednesday, Nov. 20, 2024, in Nashville, Tenn. This event is only available to Stephens clients.
Neutral
GlobeNewsWire
1 month ago
MYR Group Inc. Announces Third-Quarter 2024 Earnings Release and Conference Call Schedule
THORNTON, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its third-quarter 2024 results on Wednesday, Oct. 30, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Oct. 31, 2024, at 8:00 a.m. Mountain time.
Neutral
GlobeNewsWire
1 month ago
MYR Group Inc. to Attend Baird Global Industrial Investor Conference in November
THORNTON, Colo., Oct. 11, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Baird 2024 Global Industrial Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Baird Global Industrial investor conference on Tuesday, Nov. 12, 2024, in Chicago. This event is only available to Baird clients.
Positive
Seeking Alpha
2 months ago
MYR Group Is A Company For Our Times, But It's Not Now Time For The Stock
MYR Group is well-positioned to flourish as the U.S. electrical infrastructure steps up to accommodate our growing digital era (including AI). But MYR Group's margins and year-to-year EPS comparisons have recently been plagued by operating issues, especially in the 2024 second quarter. I don't usually obsess over occasional bad results.
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