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NASDAQ:MYRG

MYR Group (MYRG) Stock Price, News & Analysis

MYR Group logo
$106.08 -6.59 (-5.85%)
Closing price 03/10/2025 04:00 PM Eastern
Extended Trading
$106.18 +0.10 (+0.09%)
As of 07:03 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About MYR Group Stock (NASDAQ:MYRG)

Key Stats

Today's Range
$104.75
$113.61
50-Day Range
$106.08
$157.33
52-Week Range
$86.60
$181.02
Volume
609,214 shs
Average Volume
190,290 shs
Market Capitalization
$1.71 billion
P/E Ratio
46.32
Dividend Yield
N/A
Price Target
$161.33
Consensus Rating
Buy

Company Overview

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.

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MYR Group Stock Analysis - MarketRank™

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53rd Percentile Overall Score

MYRG MarketRank™: 

MYR Group scored higher than 53% of companies evaluated by MarketBeat, and ranked 59th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    MYR Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    MYR Group has only been the subject of 2 research reports in the past 90 days.

  • Read more about MYR Group's stock forecast and price target.
  • Earnings Growth

    Earnings for MYR Group are expected to grow by 380.17% in the coming year, from $1.16 to $5.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of MYR Group is 46.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.49.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of MYR Group is 46.32, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 14.93.

  • Price to Book Value per Share Ratio

    MYR Group has a P/B Ratio of 2.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about MYR Group's valuation and earnings.
  • Percentage of Shares Shorted

    5.64% of the float of MYR Group has been sold short.
  • Short Interest Ratio / Days to Cover

    MYR Group has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in MYR Group has recently increased by 14.87%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    MYR Group does not currently pay a dividend.

  • Dividend Growth

    MYR Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.64% of the float of MYR Group has been sold short.
  • Short Interest Ratio / Days to Cover

    MYR Group has a short interest ratio ("days to cover") of 4.9.
  • Change versus previous month

    Short interest in MYR Group has recently increased by 14.87%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    MYR Group has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for MYR Group this week, compared to 5 articles on an average week.
  • MarketBeat Follows

    Only 1 people have added MYR Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, MYR Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.80% of the stock of MYR Group is held by insiders.

  • Percentage Held by Institutions

    88.90% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about MYR Group's insider trading history.
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MYRG Stock News Headlines

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MYR Group management to meet with Keefe Bruyette
MYR Group management to meet with KeyBanc
See More Headlines

MYRG Stock Analysis - Frequently Asked Questions

MYR Group's stock was trading at $148.77 on January 1st, 2025. Since then, MYRG shares have decreased by 28.7% and is now trading at $106.08.
View the best growth stocks for 2025 here
.

MYR Group Inc. (NASDAQ:MYRG) announced its quarterly earnings data on Wednesday, October, 30th. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.40. The business's revenue was down 5.5% compared to the same quarter last year.

MYR Group subsidiaries include CSI Electrical Contractors Inc., Huen Electric Inc., Western Pacific Enterprises Ltd., High Country Line Construction Inc., E.S. Boulos Company, Great Southwestern Construction Inc., GSW Integrated Services LLC, and others.

MYR Group's top institutional shareholders include Vanguard Group Inc. (6.77%), Dimensional Fund Advisors LP (3.51%), T. Rowe Price Investment Management Inc. (3.33%) and Millennium Management LLC (2.86%). Insiders that own company stock include Richard S Jr Swartz, Betty R Johnson, Betty R Wynn, Tod M Cooper, Jeffrey J Waneka, Maurice E Moore, Jennifer Elaine Lowry and William Fry.
View institutional ownership trends
.

Shares of MYRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that MYR Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), ServiceNow (NOW), Tesla (TSLA), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

Last Earnings
10/30/2024
Today
3/11/2025
Next Earnings (Estimated)
5/07/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Utilities
Industry
Water, sewer, & utility lines
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:MYRG
Employees
8,500
Year Founded
1891

Price Target and Rating

Average Stock Price Target
$161.33
High Stock Price Target
$172.00
Low Stock Price Target
$153.00
Potential Upside/Downside
+52.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Trailing P/E Ratio
46.32
Forward P/E Ratio
91.45
P/E Growth
N/A
Net Income
$90.99 million
Pretax Margin
1.55%

Debt

Sales & Book Value

Annual Sales
$3.36 billion
Cash Flow
$7.48 per share
Price / Cash Flow
14.19
Book Value
$38.97 per share
Price / Book
2.72

Miscellaneous

Free Float
15,832,000
Market Cap
$1.71 billion
Optionable
Optionable
Beta
0.93

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This page (NASDAQ:MYRG) was last updated on 3/11/2025 by MarketBeat.com Staff
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