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 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
0
Funds holding %
of 7,245 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
123% more call options, than puts
Call options by funds: $1.76M | Put options by funds: $791K
3% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 38
1% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 95
2% less funds holding
Funds holding: 263 [Q4 2024] → 259 (-4) [Q1 2025]
2.12% less ownership
Funds ownership: 95.66% [Q4 2024] → 93.54% (-2.12%) [Q1 2025]
21% less capital invested
Capital invested by funds: $2.3B [Q4 2024] → $1.82B (-$478M) [Q1 2025]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 2 (-2) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$131
17%
downside
Avg. target
$149
5%
downside
High target
$170
8%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Piper Sandler Kashy Harrison | 12%downside $138 | Neutral Maintained | 5 May 2025 |
Keybanc Sangita Jain | 3%upside $163 | Overweight Maintained | 2 May 2025 |
Baird Justin Hauke | 8%upside $170 | Outperform Maintained | 1 May 2025 |
Goldman Sachs Ati Modak | 8%downside $145 | Buy Maintained | 24 Apr 2025 |
Stifel Brian Brophy | 17%downside $131 | Buy Maintained | 9 Apr 2025 |
Financial journalist opinion
Based on 9 articles about MYRG published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
MYR Group Inc. to Attend 2025 Wells Fargo Industrials & Materials Conference in June
THORNTON, Colo., May 12, 2025 (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 2025 Wells Fargo Industrials & Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 2025 Wells Fargo Industrials & Materials Conference on Thursday, June 12, 2025, in Chicago. This event is only available to Wells Fargo clients.
Neutral
GlobeNewsWire
2 weeks ago
MYR Group Inc. to Attend Stifel 2025 Boston Cross Sector 1x1 Conference in June
THORNTON, Colo., May 05, 2025 (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 Stifel 2025 Boston Cross Sector 1x1 investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Stifel 2025 Boston Cross Sector 1x1 Conference on Tuesday, June 3, 2025, in Boston. This event is only available to Stifel clients.
Neutral
GlobeNewsWire
2 weeks ago
MYR Group Inc. to Attend Bernstein's Annual Strategic Decisions Conference in May
THORNTON, Colo., May 01, 2025 (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 Bernstein's Annual Strategic Decisions investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during Bernstein's 41st Annual Strategic Decisions Conference on Friday, May 30, 2025, in New York City. This event is only available to Bernstein clients.
Neutral
Seeking Alpha
2 weeks ago
MYR Group Inc. (MYRG) Q1 2025 Earnings Call Transcript
MYR Group Inc. (NASDAQ:MYRG ) Q1 2025 Earnings Conference Call May 1, 2025 10:00 AM ET Company Participants Jennifer Harper - Vice President, Investor Relations Rick Swartz - President & Chief Executive Officer Kelly Huntington - Senior Vice President & Chief Financial Officer Brian Stern - Senior Vice President & Chief Operating Officer, Transmission & Distribution Segment Don Egan - Senior Vice President & Chief Operating Officer, Commercial & Industrial Segment Conference Call Participants Atidrip Modak - Goldman Sachs Sangita Jain - KeyBanc Jonathan Braatz - KCCA Justin Hauke - Baird Brian Brophy - Stifel Operator Good morning, everyone and welcome to the MYR Group First Quarter 2025 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
Positive
Zacks Investment Research
3 weeks ago
MYR Group (MYRG) Q1 Earnings and Revenues Surpass Estimates
MYR Group (MYRG) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.12 per share a year ago.
Neutral
GlobeNewsWire
3 weeks ago
MYR Group Inc. Announces First Quarter 2025 Results
THORNTON, Colo., April 30, 2025 (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 today its first quarter 2025 financial results.
Neutral
GlobeNewsWire
3 weeks ago
MYR Group Inc. to Attend Bank of America Power, Utilities & Alternative Energy Conference in May
THORNTON, Colo., April 29, 2025 (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 Bank of America Power, Utilities & Alternative Energy investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Bank of America Power, Utilities & Alternative Energy Conference on Thursday, May 29, 2025, in New York City. This event is only available to Bank of America clients.
Neutral
GlobeNewsWire
3 weeks ago
MYR Group Inc. to Attend KeyBanc Industrials & Basic Materials Conference in May
THORNTON, Colo., April 28, 2025 (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 KeyBanc Industrials & Basic Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the KeyBanc Industrials & Basic Materials Conference on Wednesday, May 28, 2025, in Boston. This event is only available to KeyBanc clients.
Positive
Zacks Investment Research
4 weeks ago
MYR Group (MYRG) Earnings Expected to Grow: Should You Buy?
MYR (MYRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
1 month ago
Why MYR (MYRG) is Poised to Beat Earnings Estimates Again
MYR (MYRG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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