MYR Group Company Profile (NASDAQ:MYRG)

About MYR Group

MYR Group logoMYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). T&D customers include investor-owned utilities, cooperatives, private developers government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. The Company provides a range of services, which include design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair. The Company also provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: General Contractors
  • Sub-Industry: Construction & Engineering
  • Exchange: NASDAQ
  • Symbol: MYRG
  • CUSIP: 55405W10
Key Metrics:
  • Previous Close: $39.22
  • 50 Day Moving Average: $38.41
  • 200 Day Moving Average: $33.95
  • 52-Week Range: $20.96 - $41.42
  • Trailing P/E Ratio: 36.90
  • Foreward P/E Ratio: 24.21
  • P/E Growth: 4.72
  • Market Cap: $630.03M
  • Outstanding Shares: 16,064,000
  • Beta: 0.53
Profitability:
  • Net Margins: 1.82%
  • Return on Equity: 6.91%
  • Return on Assets: 3.90%
Debt:
  • Debt-to-Equity Ratio: 0.15%
  • Current Ratio: 1.44%
  • Quick Ratio: 1.44%
Additional Links:
Companies Related to MYR Group:

Analyst Ratings

Consensus Ratings for MYR Group (NASDAQ:MYRG) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $33.60 (14.33% downside)

Analysts' Ratings History for MYR Group (NASDAQ:MYRG)
Show:
DateFirmActionRatingPrice TargetDetails
1/26/2017FBR & CoBoost Price TargetMarket Perform$32.00 -> $45.00View Rating Details
11/18/2016Avondale PartnersDowngradeOutperform -> Market PerformView Rating Details
11/3/2016Canaccord GenuityReiterated RatingBuy$34.00View Rating Details
8/12/2016Robert W. BairdDowngradeOutperform -> Neutral$27.00 -> $30.00View Rating Details
8/5/2016Maxim GroupBoost Price TargetBuy$28.00 -> $30.00View Rating Details
1/5/2016Stifel NicolausReiterated RatingHoldView Rating Details
11/9/2015DA DavidsonReiterated RatingNeutral$23.00View Rating Details
10/2/2015BB&T Co.DowngradeBuy -> HoldView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for MYR Group (NASDAQ:MYRG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/1/2017        
11/2/2016Q316$0.38$0.38$275.13 million$283.30 millionViewN/AView Earnings Details
8/3/2016Q2$0.33$0.31$279.96 million$261.90 millionViewN/AView Earnings Details
5/4/2016Q116$0.28$0.10$262.48 million$253.63 millionViewN/AView Earnings Details
3/3/2016Q415$0.31$0.29$273.65 million$271.20 millionViewN/AView Earnings Details
11/4/2015Q3$0.42$0.29$279.90 million$269.90 millionViewN/AView Earnings Details
8/5/2015Q215$0.41$0.38$261.04 million$276.50 millionViewN/AView Earnings Details
5/6/2015Q115$0.30$0.34$221.50 million$244.10 millionViewN/AView Earnings Details
3/11/2015Q414$0.37$0.66$246.62 million$251.00 millionViewN/AView Earnings Details
11/5/2014Q314$0.38$0.39$235.30 million$248.50 millionViewN/AView Earnings Details
8/6/2014Q214$0.41$0.36$228.90 million$228.90 millionViewListenView Earnings Details
5/7/2014Q114$0.32$0.29$207.49 million$215.64 millionViewListenView Earnings Details
3/5/2014Q413$0.40$0.46$227.46 million$254.60 millionViewListenView Earnings Details
11/6/2013Q313$0.45$0.45$229.02 million$232.89 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.44$0.44$233.24 million$214.00 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.35$0.32$245.51 million$201.34 millionViewN/AView Earnings Details
3/6/2013Q4 2012$0.42$0.46$259.01 million$247.80 millionViewN/AView Earnings Details
11/7/2012Q312$0.44$0.41$259.45 million$250.60 millionViewN/AView Earnings Details
8/7/2012$0.33$0.45ViewN/AView Earnings Details
5/9/2012$0.22$0.29ViewN/AView Earnings Details
3/7/2012$0.26$0.28ViewN/AView Earnings Details
8/9/2011$0.19$0.18ViewN/AView Earnings Details
5/9/2011$0.16$0.21ViewN/AView Earnings Details
3/8/2011$0.18$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MYR Group (NASDAQ:MYRG)
Current Year EPS Consensus Estimate: $1.16 EPS
Next Year EPS Consensus Estimate: $1.62 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.25$0.30$0.28
Q2 20165$0.28$0.40$0.34
Q3 20164$0.35$0.43$0.39
Q4 20164$0.34$0.42$0.38
Q2 20171$0.42$0.42$0.42
Q3 20171$0.52$0.52$0.52
Q4 20171$0.44$0.44$0.44
(Data provided by Zacks Investment Research)

Dividends

Dividend History for MYR Group (NASDAQ:MYRG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for MYR Group (NASDAQ:MYRG)
Insider Ownership Percentage: 10.40%
Institutional Ownership Percentage: 92.99%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/6/2016Gerald B Jr. EngenVPSell15,812$38.00$600,856.00View SEC Filing  
12/6/2016William A KoertnerChairmanSell8,679$38.01$329,888.79View SEC Filing  
12/5/2016Richard S Jr. SwartzCOOSell21,437$38.01$814,820.37View SEC Filing  
12/5/2016William A KoertnerChairmanSell10,000$38.15$381,500.00View SEC Filing  
12/1/2016William A KoertnerChairmanSell10,000$38.02$380,200.00View SEC Filing  
11/29/2016Henry W FayneDirectorSell2,760$38.17$105,349.20View SEC Filing  
11/14/2016Jack L AlexanderDirectorSell8,000$36.06$288,480.00View SEC Filing  
11/10/2016Richard S Jr. SwartzCOOSell32,000$33.70$1,078,400.00View SEC Filing  
11/10/2016William A KoertnerChairmanSell50,000$33.10$1,655,000.00View SEC Filing  
11/9/2016Gerald B Jr. EngenVPSell32,000$32.53$1,040,960.00View SEC Filing  
11/3/2016William A KoertnerChairmanSell10,000$31.00$310,000.00View SEC Filing  
9/28/2016William A KoertnerChairmanSell10,000$30.00$300,000.00View SEC Filing  
9/22/2016William A KoertnerChairmanSell10,000$29.50$295,000.00View SEC Filing  
9/20/2016William A KoertnerChairmanSell30,000$28.58$857,400.00View SEC Filing  
8/18/2016Tod M CooperInsiderSell9,212$28.75$264,845.00View SEC Filing  
5/10/2016Larry F AltenbaumerDirectorSell8,000$23.97$191,760.00View SEC Filing  
9/11/2015William H GreenVPSell32,000$27.02$864,640.00View SEC Filing  
8/13/2015William H GreenVPSell11,000$29.25$321,750.00View SEC Filing  
3/26/2015William A KoertnerCEOSell19,732$32.00$631,424.00View SEC Filing  
3/25/2015William A KoertnerCEOSell15,000$31.00$465,000.00View SEC Filing  
3/23/2015William A KoertnerCEOSell15,000$30.00$450,000.00View SEC Filing  
12/11/2014John A FlussVPSell2,698$26.03$70,228.94View SEC Filing  
11/10/2014Richard S Jr. SwartzCOOSell11,265$27.50$309,787.50View SEC Filing  
8/14/2014Paul J EvansCFOBuy1,000$23.15$23,150.00View SEC Filing  
8/11/2014Maurice E MooreDirectorBuy2,000$23.37$46,740.00View SEC Filing  
7/3/2014William A KoertnerCEOSell10,000$27.00$270,000.00View SEC Filing  
5/13/2014William KoertnerCEOSell20,000$25.78$515,600.00View SEC Filing  
4/11/2014William KoertnerCEOSell10,000$24.02$240,200.00View SEC Filing  
11/29/2013Gregory WolfCAOSell5,000$25.61$128,050.00View SEC Filing  
10/18/2013William A KoertnerCEOSell10,000$26.00$260,000.00View SEC Filing  
10/11/2013William KoertnerCEOSell10,000$25.00$250,000.00View SEC Filing  
9/11/2013William KoertnerCEOSell10,000$24.50$245,000.00View SEC Filing  
9/9/2013William A KoertnerCEOSell20,000$23.25$465,000.00View SEC Filing  
8/26/2013Tod CooperSVPSell1,810$22.38$40,507.80View SEC Filing  
8/26/2013William GreenVPSell22,301$22.44$500,434.44View SEC Filing  
8/8/2013William KoertnerCEOSell10,000$22.50$225,000.00View SEC Filing  
7/22/2013William A KoertnerCEOSell30,000$21.50$645,000.00View SEC Filing  
7/11/2013William A KoertnerCEOSell9,900$20.09$198,891.00View SEC Filing  
12/4/2012William H GreenVPSell5,000$22.00$110,000.00View SEC Filing  
10/5/2012William A KoertnerCEOSell20,000$21.49$429,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for MYR Group (NASDAQ:MYRG)
DateHeadline
biz.yahoo.com logoMYR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive A (NASDAQ:MYRG)
biz.yahoo.com - February 8 at 7:36 PM
News IconCould MYR Group Inc (MYRG) Recover After Forming a Double Top Pattern? (NASDAQ:MYRG)
randolphguide.com - January 31 at 12:28 AM
capitalcube.com logoMYR Group, Inc. – Value Analysis (NASDAQ:MYRG) : January 18, 2017 (NASDAQ:MYRG)
www.capitalcube.com - January 18 at 7:17 PM
capitalcube.com logoETFs with exposure to MYR Group, Inc. : January 17, 2017 (NASDAQ:MYRG)
www.capitalcube.com - January 17 at 7:03 PM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bullish Manner : MYRG-US : January 16, 2017 (NASDAQ:MYRG)
www.capitalcube.com - January 16 at 7:16 PM
capitalcube.com logoETFs with exposure to MYR Group, Inc. : January 3, 2017 (NASDAQ:MYRG)
www.capitalcube.com - January 3 at 10:47 PM
publicnow.com logoMYR Group Inc. Announces William A. Koertner Steps Down as President and Chief Executive Officer (NASDAQ:MYRG)
www.publicnow.com - December 20 at 12:42 PM
News IconChairman, President and CEO of MYR Group (NASDAQ:MYRG), Koertner William A, sells 400 shares worth $15,306 (NASDAQ:MYRG)
empowerednews.net - December 8 at 9:50 AM
capitalcube.com logoETFs with exposure to MYR Group, Inc. : November 30, 2016 (NASDAQ:MYRG)
www.capitalcube.com - November 30 at 6:54 PM
us.rd.yahoo.com logoMYR Group Inc. Announces Resignation of John P. Schauerman from Board of Directors (NASDAQ:MYRG)
us.rd.yahoo.com - November 30 at 11:31 AM
biz.yahoo.com logoMYR GROUP INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NASDAQ:MYRG)
us.rd.yahoo.com - November 30 at 11:31 AM
us.rd.yahoo.com logo4:05 pm MYR Group announces that effective November 23 John P. Schauerman has resigned from the co's Board of Directors to pursue other business opportunities (NASDAQ:MYRG)
us.rd.yahoo.com - November 30 at 11:31 AM
capitalcube.com logoMYR Group, Inc. :MYRG-US: Earnings Analysis: Q3, 2016 By the Numbers : November 21, 2016 (NASDAQ:MYRG)
www.capitalcube.com - November 21 at 11:38 AM
mysmartrend.com logoMYR Group/Delaware Up 40.4% Since SmarTrend Uptrend Call (MYRG) (NASDAQ:MYRG)
www.mysmartrend.com - November 12 at 6:27 PM
finance.yahoo.com logoMYR GROUP INC. Financials (NASDAQ:MYRG)
finance.yahoo.com - November 10 at 6:05 PM
finance.yahoo.com logoEdited Transcript of MYRG earnings conference call or presentation 3-Nov-16 2:30pm GMT (NASDAQ:MYRG)
finance.yahoo.com - November 4 at 9:48 AM
sg.finance.yahoo.com logoMYR misses 3Q profit forecasts (NASDAQ:MYRG)
sg.finance.yahoo.com - November 2 at 6:36 PM
biz.yahoo.com logoQ3 2016 MYR Group Inc Earnings Release - After Market Close (NASDAQ:MYRG)
biz.yahoo.com - November 2 at 9:52 AM
finance.yahoo.com logo4:01 pm MYR Group acquires Western Pacific Enterprises for CAD 16.1 mln (NASDAQ:MYRG)
finance.yahoo.com - October 31 at 6:23 PM
biz.yahoo.com logoMYR GROUP INC. Files SEC form 8-K, Other Events (NASDAQ:MYRG)
biz.yahoo.com - October 31 at 6:23 PM
publicnow.com logoMYR Group Inc. Acquires British Columbia Electrical Contractor Western Pacific Enterprises (NASDAQ:MYRG)
www.publicnow.com - October 31 at 6:23 PM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bearish Manner : MYRG-US : October 27, 2016 (NASDAQ:MYRG)
www.capitalcube.com - October 27 at 11:10 AM
publicnow.com logoMYR Group Inc. Announces Third-Quarter 2016 Earnings Release and Conference Call Schedule (NASDAQ:MYRG)
www.publicnow.com - October 26 at 6:21 PM
capitalcube.com logoETF’s with exposure to MYR Group, Inc. : September 28, 2016 (NASDAQ:MYRG)
www.capitalcube.com - September 28 at 11:19 AM
4-traders.com logoMYR Group Inc. : Awarded Contract with Cross Texas Transmission to Construct Approximately 68 Miles of 345kV Transmission Line (NASDAQ:MYRG)
www.4-traders.com - September 21 at 5:57 PM
publicnow.com logoMYR Group Inc. Awarded Contract with Cross Texas Transmission to Construct Approximately 68 Miles of 345kV Transmission Line (NASDAQ:MYRG)
www.publicnow.com - September 19 at 6:20 PM
News IconInvestor News: MYR Group Inc (NASDAQ:MYRG) under Investigation over possible Wrongdoing (NASDAQ:MYRG)
www.groundreport.com - September 17 at 5:54 PM
sbwire.com logoInvestor Investigation over Potential Wrongdoing at MYR Group Inc (NASDAQ:MYRG) (NASDAQ:MYRG)
www.sbwire.com - September 1 at 6:15 PM
publicnow.com logoMYR Group Inc. Announces Promotion of COO Richard Swartz to Executive Vice President (NASDAQ:MYRG)
www.publicnow.com - September 1 at 6:15 PM
capitalcube.com logoETF’s with exposure to MYR Group, Inc. : August 31, 2016 (NASDAQ:MYRG)
www.capitalcube.com - September 1 at 9:29 AM
News IconZhejiang Longsheng Group Co.,Ltd (600352) - Financial and Strategic SWOT Analysis Review (NASDAQ:MYRG)
reports.pr-inside.com - August 17 at 9:29 AM
tmcnet.com logoMYR GROUP (MYRG) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating MYR Group Inc. For Potential Breaches of Fiduciary Duty (NASDAQ:MYRG)
www.tmcnet.com - August 17 at 9:29 AM
biz.yahoo.com logoMYR GROUP INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:MYRG)
biz.yahoo.com - August 16 at 6:31 PM
News IconNew Market Report: PTGi Holding, Inc. (HCHC) - Financial and Strategic SWOT Analysis Review (NASDAQ:MYRG)
reports.pr-inside.com - August 16 at 9:39 AM
4-traders.com logoMYR : MYRG) Andrews & Springer LLC Is Investigating MYR Group Inc. For Potential Breaches of Fiduciary Duty (NASDAQ:MYRG)
www.4-traders.com - August 15 at 8:34 AM
finance.yahoo.com logoMYR GROUP (MYRG) SHAREHOLDER ALERT – Andrews & Springer LLC Is Investigating MYR Group Inc. For Potential Breaches of Fiduciary Duty (NASDAQ:MYRG)
finance.yahoo.com - August 15 at 8:34 AM
capitalcube.com logoMYR Group, Inc. :MYRG-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NASDAQ:MYRG)
www.capitalcube.com - August 10 at 6:48 PM
finance.yahoo.com logoEdited Transcript of MYRG earnings conference call or presentation 4-Aug-16 2:00pm GMT (NASDAQ:MYRG)
finance.yahoo.com - August 5 at 6:33 PM
sg.finance.yahoo.com logoMYR misses Street 2Q forecasts (NASDAQ:MYRG)
sg.finance.yahoo.com - August 3 at 6:42 PM
biz.yahoo.com logoQ2 2016 MYR Group Inc Earnings Release - After Market Close (NASDAQ:MYRG)
biz.yahoo.com - August 3 at 9:39 AM
publicnow.com logoMYR Group Inc. Announces Second-Quarter 2016 Earnings Release and Conference Call Schedule (NASDAQ:MYRG)
www.publicnow.com - July 27 at 4:08 PM
biz.yahoo.com logoMYR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligat (NASDAQ:MYRG)
biz.yahoo.com - July 7 at 4:39 PM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bullish Manner : MYRG-US : July 5, 2016 (NASDAQ:MYRG)
www.capitalcube.com - July 5 at 8:07 AM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bullish Manner : MYRG-US : June 24, 2016 (NASDAQ:MYRG)
www.capitalcube.com - June 24 at 9:03 AM
capitalcube.com logoETF’s with exposure to MYR Group, Inc. : June 23, 2016 (NASDAQ:MYRG)
www.capitalcube.com - June 23 at 1:46 PM
capitalcube.com logoMYR Group, Inc. :MYRG-US: Earnings Analysis: Q1, 2016 By the Numbers : June 7, 2016 (NASDAQ:MYRG)
www.capitalcube.com - June 7 at 11:30 AM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bullish Manner : MYRG-US : June 7, 2016 (NASDAQ:MYRG)
www.capitalcube.com - June 7 at 8:17 AM
capitalcube.com logoMYR Group, Inc. breached its 50 day moving average in a Bearish Manner : MYRG-US : May 6, 2016 (NASDAQ:MYRG)
www.capitalcube.com - May 6 at 8:52 AM
thestreet.com logoMYR Group (MYRG) Shares Cross Below 200 DMA (NASDAQ:MYRG)
www.thestreet.com - May 5 at 7:13 PM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: MYR Group, Coty, Kellogg, HCA Holdings and Emergent BioSolutions (NASDAQ:MYRG)
finance.yahoo.com - May 2 at 9:30 AM

Social

What is MYR Group's stock symbol?

MYR Group trades on the NASDAQ under the ticker symbol "MYRG."

Where is MYR Group's stock going? Where will MYR Group's stock price be in 2017?

5 equities research analysts have issued 12 month price objectives for MYR Group's shares. Their predictions range from $29.00 to $45.00. On average, they expect MYR Group's share price to reach $33.60 in the next year.

When will MYR Group announce their earnings?

MYR Group is scheduled to release their next quarterly earnings announcement on Wednesday, March, 1st 2017.

What are analysts saying about MYR Group stock?

Here are some recent quotes from research analysts about MYR Group stock:

  • According to Zacks Investment Research, "MYR GROUP INC. is a holding Company of specialty construction service providers. Through subsidiaries dating back to 1891, MYR is one of the largest national contractors servicing the transmission and distribution sector of the United States electric utility industry. Transmission and distribution customers include electric utilities, cooperatives and municipalities. The Company also provides commercial and industrial electrical contracting services to facility owners and general contractors in the Western United States. MYR Group's comprehensive services include turn-key construction and maintenance services for the nation's electrical infrastructure. " (2/8/2017)

  • Robert W. Baird analysts commented, "We have long held that MYRG’s intrinsic valuation is substantially higher from that implied in public markets, a point made clear by the LBO of PIKE yesterday for 8.3x FTM EBITDA. While we typically try to avoid valuation-focused rating changes in E&Cs, we believe MYRG’s platform is attractive to both strategic and financial buyers, and over time should be better reflected in its stock." (3/23/2016)

Who owns MYR Group stock?

MYR Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (9.27%), Numeric Investors LLC (2.77%), State Street Corp (2.44%), AQR Capital Management LLC (1.82%), Renaissance Technologies LLC (1.48%) and Loomis Sayles & Co. L P (0.89%). Company insiders that own MYR Group stock include Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Larry F Altenbaumer, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William H Green.

Who sold MYR Group stock? Who is selling MYR Group stock?

MYR Group's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Loomis Sayles & Co. L P, Dimensional Fund Advisors LP, Guggenheim Capital LLC, Oxford Asset Management, Two Sigma Investments LP, Third Avenue Management LLC and Systematic Financial Management LP. Company insiders that have sold MYR Group stock in the last year include Gerald B Jr Engen, Henry W Fayne, Jack L Alexander, Larry F Altenbaumer, Richard S Jr Swartz, Tod M Cooper and William A Koertner.

Who bought MYR Group stock? Who is buying MYR Group stock?

MYR Group's stock was purchased by a variety of institutional investors in the last quarter, including Numeric Investors LLC, Russell Investments Group Ltd., AQR Capital Management LLC, Renaissance Technologies LLC, Bogle Investment Management L P DE, O Shaughnessy Asset Management LLC, Martingale Asset Management L P and A.R.T. Advisors LLC.

How do I buy MYR Group stock?

Shares of MYR Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of MYR Group stock cost?

One share of MYR Group stock can currently be purchased for approximately $39.22.

MYR Group (NASDAQ:MYRG) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for MYR Group (NASDAQ:MYRG)

Earnings History Chart

Earnings by Quarter for MYR Group (NASDAQ:MYRG)

Dividend History Chart

Dividend Payments by Quarter for MYR Group (NASDAQ:MYRG)

Last Updated on 2/25/2017 by MarketBeat.com Staff