MYR GroupMYRG
Market Cap: $1.49B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,389% more call options, than puts
Call options by funds: $9.5M | Put options by funds: $638K
69% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 35
23% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 78
10% more funds holding
Funds holding: 247 [Q1] → 271 (+24) [Q2]
0.74% less ownership
Funds ownership: 92.4% [Q1] → 91.66% (-0.74%) [Q2]
23% less capital invested
Capital invested by funds: $2.72B [Q1] → $2.08B (-$636M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Stifel Brian Brophy 50% 1-year accuracy 1 / 2 met price target | 34%upside $119 | Buy Maintained | 5 Aug 2024 |
Baird Justin Hauke 0% 1-year accuracy 0 / 5 met price target | 61%upside $143 | Outperform Maintained | 1 Aug 2024 |