Meeder Asset Management Inc. Makes New $2.75 Million Investment in MYR Group, Inc. $MYRG
Meeder Asset Management Inc. has acquired a new stake worth $2.75 million in MYR Group, Inc. (NASDAQ:MYRG) during the second quarter. Other institutional investors have also adjusted their holdings in the company, while insiders have recently sold shares. MYR Group reported strong quarterly earnings, beating analyst expectations, and has a "Moderate Buy" consensus rating from analysts.
MYR Group Inc (MYRG) Stock Down 4.9% but Still Overvalued -- GF Score: 91/100
MYR Group Inc (MYRG) stock recently dropped by 4.9%, yet remains significantly overvalued according to GuruFocus's GF Value™, trading 65.4% above its estimated fair value. Despite a strong GF Score™ of 91/100, driven by excellent growth and profitability, the valuation rank is low, and insiders have been selling shares without buying. Investors are advised to exercise caution due to the overvaluation and insider selling.
TimesSquare Capital Management LLC Acquires New Stake in MYR Group, Inc. $MYRG
TimesSquare Capital Management LLC has acquired a new stake in MYR Group, Inc. (NASDAQ:MYRG), purchasing 52,507 shares valued at approximately $26.3 million, giving them a 0.34% ownership. This move comes as institutional investors collectively own 88.9% of the company, and analysts maintain a "Moderate Buy" rating with an average price target of $451.20. MYR Group recently reported strong quarterly results, exceeding revenue and earnings estimates, despite recent insider share sales by two directors.
Chase Investment Counsel Corp Makes New Investment in MYR Group, Inc. $MYRG
Chase Investment Counsel Corp has made a significant new investment in MYR Group, Inc. (NASDAQ:MYRG), purchasing 10,866 shares valued at approximately $5.4 million, making it their 27th largest holding. This comes as MYR Group reported strong quarterly results, beating earnings and revenue expectations. Despite positive analyst sentiment with a "Moderate Buy" rating, two company directors recently sold substantial portions of their shares.
MYR Group (NASDAQ:MYRG) Upgraded by Wall Street Zen to Strong-Buy Rating
Wall Street Zen has upgraded MYR Group (NASDAQ:MYRG) to a "strong-buy" rating from "buy." This upgrade aligns with a generally positive outlook from other analysts, resulting in a consensus "Moderate Buy" rating and an average price target of $451.20. The company recently exceeded earnings expectations, reporting $3.17 EPS on $1.08 billion in revenue, although recent insider trading showed directors selling shares.
Bank of America Corp DE Has $39.70 Million Stock Position in MYR Group, Inc. $MYRG
Bank of America Corp DE increased its stake in MYR Group, Inc. (NASDAQ:MYRG) by 4.2% in the first quarter, now holding 140,611 shares valued at approximately $39.7 million. Institutional investors collectively own 88.9% of MYR Group. The company recently reported strong quarterly earnings with $3.17 EPS and revenue of $1.08 billion, beating analyst expectations, and maintains a "Moderate Buy" consensus rating among analysts despite recent insider share sales.
Does MYR Group’s Acquisition Push, Funded by MYRG’s Balance Sheet, Deepen the Long-Term Infrastructure Story?
MYR Group's Q2 2026 earnings highlight strong results and management's confidence in leveraging existing credit and cash flow for organic growth, acquisitions, and share repurchases. This strategy is driven by sustained demand for electrical infrastructure upgrades, electrification, renewables, and AI data centers. While growth prospects are appealing, investors should monitor execution risks and margin pressures on complex projects.
Assenagon Asset Management S.A. Has $3.51 Million Stock Position in MYR Group, Inc. $MYRG
Assenagon Asset Management S.A. significantly reduced its stake in MYR Group, Inc. by 63% in the second quarter, now holding 7,022 shares valued at $3.51 million. Despite insider selling by two directors totaling $8.17 million, institutional investors still collectively own 88.9% of the company, and analysts maintain a "Moderate Buy" rating with a $426.00 average price target. MYR Group reported strong quarterly earnings of $3.17 per share, surpassing estimates, with revenue rising 20.1% year-over-year to $1.08 billion.
Goldman Sachs lowers MYR Group stock price target to $422 on valuation
Goldman Sachs has reduced its price target for MYR Group (NASDAQ:MYRG) to $422 from $469, maintaining a Neutral rating due to a valuation multiple adjustment reflecting broader market trends. Despite the lowered target, MYR Group's PEG ratio suggests it may be undervalued relative to its near-term earnings growth. The firm adjusted its EBITDA estimates for 2027 and 2028, projecting a strong revenue CAGR for MYR Group's commercial and industrial business, driven by acquisitions and increasing construction starts.
Bull of the Day: MYR Group Inc. (MYRG)
MYR Group Inc. (MYRG) is highlighted as a "Bull of the Day" due to its strong position in the electrical construction sector, benefiting from megatrends in AI, energy, and electrification. The company has shown significant growth in revenue and earnings, with a strong backlog and positive earnings revisions, earning it a Zacks Rank #1 (Strong Buy). Despite recent market pullbacks, MYRG is seen as a long-term buy, especially given its crucial role in the expanding U.S. electrical infrastructure, data center build-out, and renewable energy projects.
Bull of the Day: MYR Group Inc. (MYRG)
MYR Group Inc. (MYRG) is highlighted as a strong buy-and-hold stock benefiting from megatrends like AI, energy, and electrification, with significant revenue and earnings growth projected. The specialty electrical contractor received a Zacks Rank #1 (Strong Buy) following strong quarterly results and upward earnings revisions. Despite recent market pullbacks, MYRG is seen as undervalued and poised for further growth due to increased infrastructure spending.
The Technical Signals Behind (MYRG) That Institutions Follow
Myr Group Inc. (NASDAQ: MYRG) is exhibiting weak near and mid-term sentiment which could challenge its positive long-term outlook, with no clear price positioning signal identified and elevated downside risk. Stock Traders Daily's AI models have generated three distinct trading strategies (Position, Momentum Breakout, and Risk Hedging) tailored to different risk profiles. The analysis indicates weak support in the near and mid-term, but strong support in the long-term.
MYR Group Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:MYRG) 2026-08-08
This article announces the publication of MYR Group Inc.'s slide deck in conjunction with their 2026 Q2 earnings call. The content was provided by SA Transcripts, Seeking Alpha's team dedicated to publishing earnings call transcripts. The article highlights the availability of this presentation for investors.
MYR Group, Inc. (MYRG) Stock Forecasts
Argus has lowered its target price for MYR Group Inc. (MYRG) to $357.00, citing the company's U.S.-based specialty electrical construction services. The stock is currently priced at $337.42. The article also lists related reports and market data.
MYR Group (NASDAQ:MYRG) Stock Rating Lowered by Wall Street Zen
Wall Street Zen has downgraded MYR Group (NASDAQ:MYRG) from a "strong buy" to a "buy" rating, despite a broader analyst consensus of "Moderate Buy" and an average price target of $426. The company recently reported strong earnings, beating EPS estimates with $3.17 and achieving $1.08 billion in revenue, a 20.1% year-over-year increase. However, the stock opened below its 50-day moving average, and two directors sold a combined 18,175 shares in June.
Form 8K MYR Group Inc For: 7 August By Investing.com
This article from Investing.com reports that MYR Group Inc. filed a Form 8K on August 7th. The brief news item includes the company's stock symbol MYRG and its current price performance, showing a 1.90% increase. The article itself is very concise, serving primarily as an announcement of the SEC filing.
MYR Group posts updated investor presentation, reports record LTM revenue $4.01B and Q2 revenue $1.08B
MYR Group has released an updated investor presentation, highlighting record financial performance with last twelve months (LTM) revenue of $4.01 billion and Q2 revenue of $1.08 billion. The company also reported strong LTM net income of $165.3 million and diluted EPS of $10.54, with a backlog reaching $3.16 billion as of June 30, 2026. MYR Group further expanded its C&I footprint through the recent acquisitions of Valley Electric and Comet Electric.
MYR Group (NASDAQ: MYRG) shows record revenue, earnings and backlog
MYR Group Inc. reported record financial performance for Q2 2026, with revenues reaching $1.08 billion, net income of $49 million, and diluted EPS of $3.17. The company's total backlog grew to $3.16 billion. For the trailing twelve months ended June 30, 2026, MYR Group achieved record revenue of $4.01 billion, net income of $165 million, diluted EPS of $10.54, EBITDA of $293 million, and free cash flow of $193 million, demonstrating strong operational momentum and market demand.
MYR Group, Inc. $MYRG Shares Acquired by California State Teachers Retirement System
California State Teachers Retirement System increased its stake in MYR Group, Inc. by 23.9% in the first quarter, now owning 18,260 shares valued at approximately $5.16 million. Institutional investors hold 88.9% of the company, which recently reported strong quarterly results with EPS of $3.17 against a $2.62 consensus and revenue of $1.08 billion, a 20.1% year-over-year increase. Despite analyst sentiment being moderately bullish with a "Moderate Buy" rating, two directors sold a combined 18,175 shares in June.
Sei Investments Co. Has $4.94 Million Stake in MYR Group, Inc. $MYRG
Sei Investments Co. increased its stake in MYR Group, Inc. (NASDAQ:MYRG) by 68.8% in the first quarter, now holding 17,498 shares valued at $4.94 million. Institutional investors own 88.9% of the company, while two directors recently sold shares totaling approximately $8.17 million. MYR Group reported strong quarterly earnings, beating estimates with $3.17 EPS and $1.08 billion in revenue, and analysts maintain a "Moderate Buy" rating with a $426 consensus price target.
Royal Bank of Canada Sells 11,461 Shares of MYR Group, Inc. $MYRG
Royal Bank of Canada reduced its holdings in MYR Group, Inc. by 11.4% in the first quarter, selling 11,461 shares and retaining 89,192 shares valued at approximately $25.2 million. Other institutional investors also adjusted their positions, and institutional investors collectively own 88.90% of MYR Group's stock. The company reported strong second-quarter earnings, beating consensus estimates, and analysts maintain a "Moderate Buy" rating with an average price target of $426.00, despite recent insider share sales by two directors.
5 Insightful Analyst Questions From MYR Group’s Q2 Earnings Call
MYR Group reported strong Q2 results, exceeding analyst expectations in revenue, EPS, and EBITDA, driven by robust demand in T&D and C&I segments. The article highlights key analyst questions from the earnings call, focusing on the integration of recent acquisitions, cash flow management, backlog conversion, and resource capacity for new business. Future catalysts include integration pace, backlog conversion, margin trends, and sustained demand in core markets.
Analysts Conflicted on These Industrial Goods Names: MYR Group (MYRG), RBC Bearings (RBC) and Huntington Ingalls (HII)
This article discusses conflicting analyst ratings for three industrial goods companies: MYR Group (MYRG), RBC Bearings (RBC), and Huntington Ingalls (HII). Oppenheimer maintained a Hold rating on MYR Group, while RBC Bearings received a Buy rating from Truist Financial and KeyBanc. Goldman Sachs maintained a Buy rating on Huntington Ingalls.
Edgestream Partners L.P. Sells 20,648 Shares of MYR Group, Inc. $MYRG
Edgestream Partners L.P. significantly reduced its stake in MYR Group, Inc. (NASDAQ:MYRG) by selling 84.5% of its shares, retaining 3,791 shares valued at $1.07 million. This comes as MYR Group reported strong quarterly earnings, beating analyst estimates with EPS of $3.17 and a 20.1% increase in revenue. Despite some insider selling, analysts maintain a "Moderate Buy" consensus with a $426 price target for the company.
Is MYR Group (MYRG) Using Record Backlog and M&A Firepower to Redefine Its Infrastructure Role?
MYR Group Inc. reported strong Q2 2026 results with higher sales and net income, supported by a record backlog in Transmission & Distribution and Commercial & Industrial sectors. The company is actively seeking acquisitions and share repurchases, funded by its credit facility and operating cash flow, to expand capabilities and reinforce its position in infrastructure modernization. While a robust backlog and growth plans are positive, investors should consider potential risks like rising labor costs, M&A integration challenges, and earnings volatility.
Is MYR Group (MYRG) Using Record Backlog and M&A Firepower to Redefine Its Infrastructure Role?
MYR Group (MYRG) recently reported strong Q2 2026 results with increased sales, net income, and a record backlog, driven by demand in Transmission & Distribution and Commercial & Industrial sectors. The company also indicated plans for future acquisitions and share repurchases, leveraging its credit facility and operating cash flow to expand capabilities and strengthen its position in infrastructure modernization. This strategy aims to reinforce its role in long-term infrastructure upgrades, though investors should also consider risks like earnings volatility and M&A integration challenges.
MYR Group (MYRG) Stock Sees Modest Fair Value Cut As Analysts Split On Upside
Analysts are split on the future of MYR Group (MYRG) stock, with a recent fair value estimate cut from US$455 to US$433. While some analysts are bullish due to increased EBITDA forecasts and strong backdrops for electrical T&D services, others are cautious, citing valuation premiums and mixed T&D margins. The revised fair value is influenced by changes in revenue growth, net profit margin assumptions, and a lower future P/E multiple.
Precision Trading with Myr Group Inc. (MYRG) Risk Zones
This article from Stock Traders Daily provides a detailed AI-driven analysis of Myr Group Inc. (MYRG), highlighting weak near and mid-term sentiment but a strong long-term outlook. It outlines specific institutional trading strategies including position, momentum breakout, and risk hedging, complete with entry zones, targets, and stop losses. The analysis also includes multi-timeframe signal strengths and support/resistance levels to guide trading decisions.
5,000 Shares in MYR Group, Inc. $MYRG Bought by Axiom Investment Management LLC
Axiom Investment Management LLC recently acquired 5,000 shares of MYR Group, Inc. (NASDAQ:MYRG) for approximately $1.41 million, making it their 24th largest holding. Other institutional investors like Bank of America Corp DE, Amundi, and California State Teachers Retirement System also adjusted their stakes in the utilities provider. MYR Group reported strong Q2 earnings, surpassing analyst estimates, and has received a "Moderate Buy" consensus rating with an average price target of $426.00.
Precision Trading with Myr Group Inc. (MYRG) Risk Zones
This article provides a detailed analysis of Myr Group Inc. (MYRG) stock, highlighting weak near- and mid-term sentiment but a strong long-term outlook. It presents AI-generated trading strategies including position, momentum breakout, and risk hedging, along with multi-timeframe signal analysis to guide investors. The report emphasizes risk management and offers access to real-time signals and personalized alerts.
Vanguard Portfolio Management (MYRG) discloses 5.43% beneficial stake in MYR Group
Vanguard Portfolio Management LLC has disclosed a 5.43% beneficial ownership stake in MYR Group Inc (MYRG) common stock, totaling 846,723 shares. This information comes from a Schedule 13G filing, indicating Vanguard has sole voting power over 14,821 shares and sole dispositive power over all 846,723 shares. The filing emphasizes that no single Vanguard client holds more than 5% of MYR Group Inc shares individually.
Renaissance Technologies LLC Cuts Stock Holdings in MYR Group, Inc. $MYRG
Renaissance Technologies LLC has reduced its stake in MYR Group, Inc. by 10.4% in the first quarter, selling 7,700 shares and retaining 66,300 shares valued at approximately $18.7 million. Several other hedge funds also adjusted their positions, and institutional investors now collectively own 88.9% of the company. MYR Group reported strong quarterly results with EPS of $3.17 and revenue of $1.08 billion, prompting analysts to maintain a "Moderate Buy" consensus rating with an average price target of $390.17.
MYR Group Inc (MYRG) Valuation: PE, PB & Fair Value Analysis
This article provides a valuation analysis of MYR Group Inc (MYRG), noting its current valuation score is 6.71 and ranks 34th in the Construction & Engineering industry. It highlights the company's P/E ratio of 36.26, which is significantly below its recent high but above its recent low. The analysis also mentions that P/B, P/S, and P/CF data have not yet been disclosed by the company.
MYR Group Q2 Earnings Beat Estimates, Backlog Hits Record
MYR Group (MYRG) reported strong second-quarter 2026 results, surpassing earnings and revenue expectations due to solid demand in commercial and industrial construction. The company's backlog reached a record $3.16 billion, driven by grid modernization, electrification, and data center projects. MYR Group also highlighted its recent acquisition of Valley Electric and Comet Electric, which is expected to contribute significantly to revenues in the second half of 2026.
MYR Group Q2 Earnings Call Highlights
MYR Group reported record second-quarter revenue of $1.08 billion, a 20% increase year-over-year, alongside record net income and EBITDA, driven by strong demand in electrical infrastructure work. The company's backlog also hit a record $3.16 billion, indicating continued growth. Additionally, MYR Group completed the acquisition of Valley Electric and Comet Electric, expecting the new businesses to contribute significantly to revenue in the latter half of 2026.
MYR Group Releases Q2 2026 Financial Results
MYR Group Inc. reported strong Q2 2026 financial results, with diluted earnings per share of $3.17, significantly surpassing Wall Street estimates. The company's revenue climbed to $1.08 billion, exceeding forecasts, driven largely by its Commercial & Industrial segment. MYR Group's backlog of $3.16 billion indicates continued strong demand for its electrical construction services.
MYR Group Q2 Earnings Call Highlights
MYR Group reported record-breaking Q2 revenue, earnings, and backlog, driven by strong demand in electrical infrastructure across its transmission and distribution (T&D) and commercial and industrial (C&I) segments. The company saw significant revenue growth and improved margins in both segments, with a record total backlog of $3.16 billion. MYR also completed the acquisition of Valley Electric and Comet Electric, expecting the acquisition to contribute substantial revenue for the remainder of 2026.
MYR Group Q2 Earnings Call Highlights
MYR Group (NASDAQ: MYRG) reported record second-quarter revenues, earnings, and backlog, with revenue increasing 20% to $1.08 billion and net income reaching $50 million. The company's backlog hit a record $3.16 billion, driven by grid modernization projects, data centers, and industrial infrastructure demand. MYR also completed its $328 million acquisition of Valley Electric and Comet Electric, expecting the companies to add $250 million in 2026 revenue.
MYR Group Jumps 6.8% on EPS Beat
MYR Group Inc. saw its stock surge by 6.8% after reporting second-quarter 2026 earnings that significantly exceeded Wall Street expectations. The company achieved an EPS of $3.17, beating estimates by 20.1%, and revenue of $1.08 billion, demonstrating strong operational performance. This outperformance in a challenging environment highlights robust demand and effective project margin management, leading to significant investor enthusiasm.
Press Release: MYR Group Inc. Announces Second-Quarter and First-Half 2026 Results
MYR Group Inc. (MYRG) announced its financial results for the second quarter and first half of 2026. This press release will provide details on the company's performance during these periods, likely including key financial metrics and highlights.
MYR Group, Inc. $MYRG Shares Acquired by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership significantly increased its stake in MYR Group, Inc. (NASDAQ:MYRG) by 220.5% in the first quarter, now holding 101,072 shares valued at $28.5 million. This comes as institutional investors collectively own 88.9% of the company. Despite MYR Group reporting strong quarterly earnings of $3.17 EPS, beating estimates, and a 20.1% increase in revenue year-over-year, the stock experienced a 5.5% decline, with some insiders selling shares.
MYR Group (NASDAQ:MYRG) Issues Earnings Results, Beats Expectations By $0.55 EPS
MYR Group (NASDAQ:MYRG) reported strong quarterly earnings, surpassing analyst estimates with an EPS of $3.17 against a consensus of $2.62, and revenues of $1.08 billion against $995.74 million. Despite beating expectations, the stock fell 5.5% to $322.06, trading below its 50-day moving average. Insider selling by two directors was noted, while analysts generally hold a "Moderate Buy" rating with an average price target of $389.83.
MYR Group Q2 Earnings, Revenue Rise
MYR Group reported an increase in its second-quarter earnings and revenue. The company saw its earnings per share rise to $1.25 compared to $1.15 in the prior year's second quarter. Revenue for the quarter also increased to $815.1 million from $737.5 million, surpassing analyst expectations.
MYR Group Inc. Announces Second-Quarter and First-Half 2026 Results
MYR Group Inc. reported record-breaking financial results for the second quarter and first half of 2026, driven by strong market conditions and strategic acquisitions. The company achieved record quarterly revenues of $1.08 billion, record net income of $49.9 million, and a record backlog of $3.16 billion. These positive results are attributed to continued investment in electrical infrastructure, sustained customer demand, and the recent acquisition of Valley Electric and Comet Electric, which expanded the company's Commercial and Industrial capabilities.
Earnings Flash (MYRG) MYR Group Inc. Reports Q2 Revenue $1.08B, vs. FactSet Est of $995.7M
MYR Group Inc. (MYRG) reported its Q2 revenue at $1.08 billion, surpassing the FactSet estimate of $995.7 million. This announcement follows earlier news of the company's Q2 earnings per share (EPS) of $3.17, exceeding the FactSet estimate of $2.62. The company's Q2 revenue and EPS both show a positive performance compared to analyst expectations.
Lazard Asset Management LLC Grows Stock Holdings in MYR Group, Inc. $MYRG
Lazard Asset Management LLC significantly increased its stake in MYR Group, Inc. (NASDAQ:MYRG) by 699.1% during the first quarter, now owning 74,950 shares valued at $21.16 million. Other hedge funds also adjusted their positions, and insider trades show directors selling shares, though insiders still own 1.90% of the company. Analysts hold a "Moderate Buy" consensus rating with a target price of $389.83 for MYR Group.
Dimensional Fund Advisors LP Boosts Stock Holdings in MYR Group, Inc. $MYRG
Dimensional Fund Advisors LP increased its stake in MYR Group, Inc. (NASDAQ:MYRG) by 2.8% during the first quarter, now owning 376,175 shares valued at $106.19 million. Other institutional investors have also adjusted their positions, with hedge funds and institutional investors collectively owning 88.90% of the company's stock. MYR Group recently reported strong earnings, beating analyst estimates, and has received a consensus "Moderate Buy" rating from Wall Street analysts.
Are Investors Undervaluing MYR Group Inc. (NASDAQ:MYRG) By 44%?
This article analyzes whether MYR Group Inc. (NASDAQ:MYRG) is undervalued by 44% based on a 2-stage Discounted Cash Flow (DCF) model. The analysis suggests a fair value of US$252, significantly higher than the current share price of US$141. Key assumptions for the valuation, including future cash flows and discount rates, are detailed, alongside a SWOT analysis of the company.
Castleark Management LLC Buys Shares of 17,560 MYR Group, Inc. $MYRG
Castleark Management LLC acquired a new position in MYR Group, Inc. (NASDAQ:MYRG) during the first quarter, purchasing 17,560 shares valued at approximately $4.96 million, making them owners of 0.11% of the company. Other institutional investors also adjusted their holdings in MYRG, while the company has seen mixed analyst ratings and recent insider selling by two directors. MYR Group reported strong Q1 earnings, beating consensus estimates with $2.99 EPS and $1 billion in revenue, reflecting a 20.0% year-over-year increase.
What To Expect From MYR Group’s (MYRG) Q2 Earnings
MYR Group (MYRG), an electrical construction and infrastructure services provider, is set to report its Q2 earnings this Wednesday afternoon. Analysts expect the company's revenue to grow by 10.9% year-on-year, an improvement from the previous year, although MYR Group has missed revenue estimates multiple times in the past two years. The stock has underperformed recently, decreasing by 28.1% over the last month, against an average analyst price target of $445.50.
