MYR Group (MYRG) Stock Price, News & Analysis

Company Overview

MYR Group Inc., headquartered in Denver, Colorado, is a specialty electrical contractor that provides comprehensive solutions to electric utilities, rail transit systems, communications companies, and industrial clients. Since its public offering in 1998, the company has grown through strategic acquisitions and organic expansion, positioning itself as a leading contractor for the design, construction, maintenance, and upgrading of energy delivery and communications infrastructure.

The company operates through several core service lines, including transmission and distribution (T&D) solutions, rail and transit systems, renewable energy support, and commercial and industrial electrical services. MYR Group offers end-to-end capabilities encompassing engineering, project management, equipment installation, testing, and commissioning. Its teams specialize in live-line work, substation construction, overhead and underground distribution, fiber-optic deployment, and high-voltage direct-current (HVDC) projects.

With more than 50 offices and service locations across the United States and Canada, MYR Group serves municipal, investor-owned, and rural electric utilities, as well as private sector clients in telecom, data centers, and renewable energy. The company’s field crews and technical experts frequently undertake emergency restoration efforts following storms, storms or equipment failures, leveraging a network of pre-staged crews and dedicated logistics to ensure rapid response and minimal downtime for customers.

Leading the organization is President and Chief Executive Officer James A. Morgan, who has guided MYR Group through multiple phases of expansion and diversification since joining the company in the late 1990s. Supported by a seasoned executive team, including senior leaders in operations, finance, and safety, the company maintains a strong focus on workforce development, safety performance, and technological innovation to meet evolving client needs and regulatory requirements.

Key Stats

• Today's Range: $188.96 to $193.20
• 50-Day Range: $157.07 to $192.03
• 52-Week Range: $86.60 to $194.95
• Volume: 103,439 shs
• Average Volume: 223,905 shs
• Market Capitalization: $2.93 billion
• P/E Ratio: 86.70
• Dividend Yield: N/A
• Price Target: $180.00
• Consensus Rating: Moderate Buy

MYR Group Stock Analysis - MarketRank™

MYR Group scored higher than 61% of companies evaluated by MarketBeat, and ranked 61st out of 96 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MYR Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

MYR Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 380.17%

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 87.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.14.

Price to Earnings Ratio vs. Sector

The P/E ratio of MYR Group is 87.46, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 19.74.

Price to Book Value per Share Ratio

MYR Group has a P/B Ratio of 5.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.31% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MYR Group has recently decreased by 12.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

MYR Group does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.31% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MYR Group has recently decreased by 12.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.66

News Sentiment

MYR Group has a news sentiment score of 0.66. 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 0.79 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for MYR Group this week, compared to 6 articles on an average week.

Search Interest

6 people have searched for MYRG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

MYRG Stock Analysis - Frequently Asked Questions

How have MYRG shares performed this year?

MYR Group's stock was trading at $148.77 on January 1st, 2025. Since then, MYRG stock has increased by 28.2% and is now trading at $190.66.

How were MYR Group's earnings last quarter?

MYR Group, Inc. (NASDAQ:MYRG) posted its quarterly earnings data on Wednesday, April, 30th. The utilities provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.27. MYR Group's revenue was up 2.2% on a year-over-year basis.
Read the conference call transcript.

Does MYR Group have any subsidiaries?

The following companies are subsidiaries of MYR Group: 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 more.

Who are MYR Group's major shareholders?

MYR Group's top institutional investors include Congress Asset Management Co. (0.52%), Assenagon Asset Management S.A. (0.38%), J. Safra Sarasin Holding AG (0.18%) and State of Alaska Department of Revenue (0.06%). 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.

How do I buy shares of MYR Group?

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.

What other stocks do shareholders of MYR Group own?

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: 4/30/2025
• Today: 7/21/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: ELECT CONSTUCTION
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:MYRG
• CIK: 700923
• Web: www.myrgroup.com
• Phone: (303) 286-8000
• Fax: 847-290-1892
• Employees: 8,500
• Year Founded: 1891

Price Target and Rating

• Average Price Target for MYR Group: $180.00
• High Price Target: $205.00
• Low Price Target: $153.00
• Potential Upside/Downside: -5.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.18
• Trailing P/E Ratio: 88.05
• Forward P/E Ratio: 164.36
• P/E Growth: N/A
• Net Income: $30.26 million
• Net Margins: 1.02%
• Pretax Margin: 1.66%
• Return on Equity: 5.84%
• Return on Assets: 2.21%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.31
• Quick Ratio: 1.31

Sales & Book Value

• Annual Sales: $3.36 billion
• Price / Sales: 0.88
• Cash Flow: $5.88 per share
• Price / Cash Flow: 32.42
• Book Value: $37.24 per share
• Price / Book: 5.12

Miscellaneous

• Outstanding Shares: 15,520,000
• Free Float: 15,244,000
• Market Cap: $2.96 billion
• Optionable: Optionable
• Beta: 1.19