MYR Group (MYRG)

• Market cap: $2.07B
• 1 day: 1.16%
• 5 days: 8.82%
• 1 month: 8.41%
• 3 months: -15.61%
• 6 months: 30.15%
• Year to date: -13.09%
• 1 year: -23.37%
• 5 years: 475.81%
• 10 years: 326.13%
• Sector: Industrials
• Industry: Water, Sewer, Pipeline, Comm & Power Line Construction

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 networks 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: 8,500

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

125% more call options, than puts

Call options by funds: $2.41M | Put options by funds: $1.07M

100% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]

49% more capital invested

Capital invested by funds: $1.54B [Q3] → $2.3B (+$755M) [Q4]

22% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 83

3.43% more ownership

Funds ownership: 90.03% [Q3] → 93.46% (+3.43%) [Q4]

5% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 43

2% less funds holding

Funds holding: 268 [Q3] → 263 (-5) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $136 6% upside
• Avg. target: $148 15% upside
• High target: $159 24% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Keybanc Sangita Jain 23% 1-year accuracy 9 / 40 met price target	6% upside $136	Overweight Upgraded	14 Mar 2025
Baird Justin Hauke 38% 1-year accuracy 3 / 8 met price target	24% upside $159	Outperform Maintained	27 Feb 2025