MYR Group (MYRG)

• Market cap: $2.47B
• 1 day: -0.78%
• 5 days: -7.41%
• 1 month: 5.39%
• 3 months: 50.80%
• 6 months: 10.67%
• Year to date: 7.43%
• 1 year: 4.84%
• 5 years: 352.35%
• 10 years: 469.25%
• 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 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 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: $138 10% downside
• Avg. target: $154 1% upside
• High target: $172 12% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Brian Brophy 55% 1-year accuracy 6 / 11 met price target	12% upside $172	Buy Maintained	11 Dec 2024
Goldman Sachs Ati Modak 67% 1-year accuracy 2 / 3 met price target	0% downside $153	Buy Maintained	4 Nov 2024
Baird Justin Hauke 57% 1-year accuracy 4 / 7 met price target	10% downside $138	Outperform Maintained	31 Oct 2024