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MYRG

MYRG - MYR Group Inc Stock Price, Fair Value and News

175.25USD+8.26 (+4.95%)Market Closed

Market Summary

MYRG
USD175.25+8.26
Market Closed
4.95%

MYRG Stock Price

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MYRG RSI Chart

MYRG Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

32.24

Price/Sales (Trailing)

0.81

EV/EBITDA

15.95

Price/Free Cashflow

-213.82

MYRG Price/Sales (Trailing)

MYRG Profitability

EBT Margin

3.43%

Return on Equity

13.97%

Return on Assets

5.76%

Free Cashflow Yield

-0.47%

MYRG Fundamentals

MYRG Revenue

Revenue (TTM)

3.6B

Rev. Growth (Yr)

16.23%

Rev. Growth (Qtr)

6.89%

MYRG Earnings

Earnings (TTM)

91.0M

Earnings Growth (Yr)

-2.16%

Earnings Growth (Qtr)

11.76%

Breaking Down MYRG Revenue

Last 7 days

9.8%

Last 30 days

11.9%

Last 90 days

19.0%

Trailing 12 Months

30.9%

How does MYRG drawdown profile look like?

MYRG Financial Health

Current Ratio

1.37

Debt/Equity

0.04

Debt/Cashflow

2.43

MYRG Investor Care

Shares Dilution (1Y)

0.44%

Diluted EPS (TTM)

5.41

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.2B3.4B3.5B3.6B
20222.5B2.6B2.8B3.0B
20212.3B2.5B2.5B2.5B
20202.1B2.2B2.2B2.2B
20191.7B1.8B1.9B2.1B
20181.4B1.4B1.5B1.5B
20171.2B1.3B1.4B1.4B
20161.1B1.1B1.1B1.1B
2015972.5M1.0B1.0B1.1B
2014917.0M932.0M947.6M944.0M
2013960.1M913.6M895.9M902.7M
2012870.3M945.4M985.5M999.0M
2011598.5M643.5M701.2M780.4M
20100619.8M608.4M597.1M
2009000631.2M

Tracking the Latest Insider Buys and Sells of MYR Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 23, 2024
egan don a.
sold (taxes)
-52,446
172
-304
svp and coo c&i
Mar 23, 2024
stern brian k.
sold (taxes)
-37,609
172
-218
svp and coo t&d
Mar 23, 2024
huntington kelly michelle
sold (taxes)
-34,849
172
-202
senior vp and cfo
Mar 23, 2024
huntington kelly michelle
acquired
-
-
732
senior vp and cfo
Mar 23, 2024
fry william
acquired
-
-
2,057
svp, clo and secretary
Mar 23, 2024
egan don a.
acquired
-
-
1,051
svp and coo c&i
Mar 23, 2024
swartz richard s. jr.
sold (taxes)
-747,702
172
-4,334
president and ceo
Mar 23, 2024
fry william
sold (taxes)
-155,613
172
-902
svp, clo and secretary
Mar 23, 2024
swartz richard s. jr.
acquired
-
-
9,904
president and ceo
Mar 23, 2024
stern brian k.
acquired
-
-
739
svp and coo t&d

1–10 of 50

Which funds bought or sold MYRG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-5.37
2,737
178,329
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
added
700
1,022,280
1,157,040
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.4
13,126,600
182,368,000
-%
Mar 05, 2024
Fisher Asset Management, LLC
reduced
-24.45
-474,965
2,036,290
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
67.72
5,598,820
12,597,000
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.83
78,348
1,296,170
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
53,000
781,000
0.01%
Feb 21, 2024
Garde Capital, Inc.
unchanged
-
25,000
362,000
0.03%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
3.91
142,000
1,379,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-3.63
1,232
42,232
-%

1–10 of 47

Are Funds Buying or Selling MYRG?

Are funds buying MYRG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MYRG
No. of Funds

Unveiling MYR Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
7.55%
1,260,930
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
4.5%
756,891
SC 13G/A
Jan 19, 2024
blackrock inc.
18.2%
3,040,670
SC 13G/A
Feb 14, 2023
macquarie group ltd
4.92%
815,991
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
6.6%
1,103,678
SC 13G/A
Feb 09, 2023
vanguard group inc
7.46%
1,238,381
SC 13G/A
Jan 23, 2023
blackrock inc.
17.9%
2,968,756
SC 13G/A
Feb 14, 2022
macquarie group ltd
7.12%
1,201,272
SC 13G/A
Feb 10, 2022
vanguard group inc
6.81%
1,149,042
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
7.2%
1,215,264
SC 13G/A

Recent SEC filings of MYR Group Inc

View All Filings
Date Filed Form Type Document
Mar 25, 2024
4
Insider Trading
Mar 25, 2024
4
Insider Trading
Mar 25, 2024
4
Insider Trading
Mar 25, 2024
4
Insider Trading
Mar 25, 2024
4
Insider Trading
Mar 07, 2024
ARS
ARS
Mar 06, 2024
DEF 14A
DEF 14A
Mar 05, 2024
3
Insider Trading
Mar 05, 2024
8-K
Current Report
Mar 04, 2024
144
Notice of Insider Sale Intent

What is the Fair Value of MYRG?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to MYR Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
196.0B
68.0B
17.42% 85.59%
20.68
2.88
16.96% 2688.24%
186.2B
67.1B
11.25% 52.84%
18.02
2.78
12.84% 54.12%
42.5B
6.6B
5.33% 35.68%
32.33
6.43
7.26% 13.25%
41.8B
34.1B
8.95% 28.92%
49.79
1.23
21.34% -61.52%
13.2B
14.9B
9.44% 8.69%
214.07
0.89
12.31% -81.65%
MID-CAP
9.7B
6.9B
11.40% 76.40%
63.11
1.39
5.64% 109.59%
7.1B
15.5B
-2.21% 41.15%
51.56
0.46
12.59% -4.48%
6.0B
4.3B
6.34% 37.26%
32.14
1.39
19.51% -1.03%
4.2B
2.3B
2.01% 40.67%
26.24
1.81
2.90% -35.23%
2.7B
1.7B
-1.37% 17.92%
19.99
1.61
11.63% 33.59%
SMALL-CAP
1.2B
35.8M
-10.81% -61.18%
-1.26
33.91
-27.93% -23.21%
1.2B
1.4B
-14.14% -53.85%
19.01
0.86
-24.65% -34.19%
671.5M
527.6M
8.25% 16.85%
19.76
1.27
14.23% 56.70%
413.4M
135.4M
-8.75% 205.15%
-25.21
3.05
-25.90% 65.37%
216.4M
99.2M
76.27% 123.72%
-17.67
2.18
-3.69% -37.37%

MYR Group Inc News

Latest updates
Simply Wall St • 44 hours ago
Defense World • 24 Mar 2024 • 01:52 pm
Yahoo Movies Canada • 23 Mar 2024 • 03:57 pm
MarketBeat • 22 Mar 2024 • 09:10 pm
Simply Wall St • 14 Mar 2024 • 07:00 am
Yahoo Finance • 11 Mar 2024 • 07:00 am

MYR Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue6.9%1,004939889812864800708637646610650592608608513518571583449468446
Gross Profit5.5%97.0092.0090.0084.0096.0086.0081.0080.0083.0084.0081.0077.0076.0076.0061.0062.0069.0059.0043.0043.0047.00
  S&GA Expenses0.2%60.0060.0058.0057.0058.0059.0052.0054.0053.0053.0052.0050.0051.0051.0041.0045.0048.0042.0034.0033.0030.00
EBITDA Margin-2.9%0.05*0.05*0.05*0.05*0.06*0.06*0.06*0.06*0.06*0.06*0.06*0.06*---------
Interest Expenses42.5%2.001.001.001.001.001.001.000.000.000.001.000.001.001.001.002.002.002.001.001.002.00
Income Taxes22.7%11.009.009.004.0011.008.008.004.009.008.008.007.007.007.005.004.005.004.002.003.004.00
Earnings Before Taxes15.1%35.0031.0032.0027.0036.0026.0028.0024.0029.0031.0029.0027.0025.0024.0018.0014.0018.0014.009.009.0015.00
EBT Margin-4.1%0.03*0.04*0.04*0.04*0.04*0.04*0.04*0.04*0.05*0.05*0.04*0.04*---------
Net Income11.8%24.0022.0022.0023.0025.0018.0020.0021.0021.0023.0021.0020.0018.0017.0013.0010.0013.0010.007.007.0011.00
Net Income Margin-4.4%0.02*0.03*0.03*0.03*0.03*0.03*0.03*0.03*0.03*0.03*0.03*0.03*---------
Free Cashflow327.9%22.00-9.51-43.4318.0065.00-4.4922.007.009.008.0015.0052.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets1.2%1,5791,5611,4651,3601,3991,3301,2641,2061,1211,0641,0511,0199961,0199509931,008988807795749
  Current Assets-0.6%1,0261,032940848890835784716748701691665637659595629639639513506476
    Cash Equivalents-18.3%25.0030.0023.0047.0051.0036.0022.0019.0082.0073.0068.0073.0023.0019.0010.0034.0012.009.004.001.008.00
  Net PPE---------------182184185178169163162
  Goodwill1.1%11711611711611611510811144.0066.0066.0066.0066.0066.0066.0066.0066.0066.009.0057.0057.00
Liabilities-0.8%928935861783839794733669602568579571567610561618643637468464424
  Current Liabilities0.9%747741685625667585565498499456470448443460404378397394304294284
  Long Term Debt-48.9%29.0057.0040.0020.0035.0081.0054.0049.003.004.007.0025.0025.0066.0075.0015315717210010686.00
    LT Debt, Current34.0%7.005.005.005.005.005.001.001.001.001.002.004.004.004.007.008.009.007.007.004.004.00
    LT Debt, Non Current-48.9%29.0057.0040.0020.0035.0081.0054.0049.003.004.007.0025.0025.0066.0075.0015315717210010686.00
Shareholder's Equity4.1%651625604578560536531536519496472448429409389375364351339331324
  Retained Earnings4.5%493471450427405384374375355334311290270252235222212199189182175
  Additional Paid-In Capital1.0%162161159156161160159159164162160158159156155153153151150149148
Accumulated Depreciation---------------284276273269266261253
Shares Outstanding-0.1%17.0017.0017.0017.0017.0017.0017.0017.0017.0017.0017.0017.00---------
Minority Interest----------0.000.000.000.000.000.000.000.000.00-0.101.001.00
Float---1,910---1,210---1,270---381---507--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations239.7%42,62412,548-21,31437,15893,75813,60738,65221,46729,01319,65329,17259,39046,54130,70362,68035,24333,15424,34615,604-8,20526,120
  Share Based Compensation-19.7%1,8142,2582,3221,9822,0562,1782,0641,6242,1461,9151,9481,4871,8841,6311,0931,0801,1421,1081,202951685
Cashflow From Investing9.6%-19,335-21,394-20,323-18,076-28,193-17,773-16,174-123,586-19,087-10,852-12,980-6,380-15,603-10,018-7,037-8,268-17,321-89,873-17,224-9,079-9,903
Cashflow From Financing-272.8%-29,23616,91717,064-23,113-50,99821,374-17,61737,969-492-3,681-21,153-2,769-27,692-11,838-79,694-5,072-12,66070,3624,59011,064-8,970
  Buy Backs-2,868--7,9367,9361,0769,89923,4676,791--1,6767342,618-4261.00-1.00426---778-

MYRG Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Contract revenues$ 3,643,905$ 3,008,542$ 2,498,289
Contract costs3,279,5082,664,5802,173,308
Gross profit364,397343,962324,981
Selling, general and administrative expenses234,611222,424207,208
Amortization of intangible assets4,9079,0092,311
Gain on sale of property and equipment(4,214)(2,378)(3,098)
Income from operations129,093114,907118,560
Other income (expense):   
Interest income88818770
Interest expense(4,939)(3,563)(1,799)
Other income (expense), net(38)2,673(525)
Income before provision for income taxes125,004114,204116,306
Income tax expense34,01430,82331,300
Net income90,99083,38185,006
Less: net loss attributable to noncontrolling interest00(4)
Net income attributable to MYR Group Inc.$ 90,990$ 83,381$ 85,010
Income per common share attributable to MYR Group Inc.:   
Basic (in dollars per share)$ 5.45$ 4.98$ 5.05
Diluted (in dollars per share)$ 5.40$ 4.91$ 4.95
Weighted average number of common shares and potential common shares outstanding:   
Basic (in shares)16,68216,76016,838
Diluted (in shares)16,83716,98017,161
Net income$ 90,990$ 83,381$ 85,006
Other comprehensive income (loss):   
Foreign currency translation adjustment2,420(6,473)150
Other comprehensive income (loss)2,420(6,473)150
Total comprehensive income93,41076,90885,156
Less: net loss attributable to noncontrolling interest00(4)
Total comprehensive income attributable to MYR Group Inc.$ 93,410$ 76,908$ 85,160

MYRG Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 24,899$ 51,040
Accounts receivable, net of allowances of $1,987 and $2,073, respectively521,893472,543
Contract assets, net of allowances of $610 and $499, respectively420,616300,615
Current portion of receivable for insurance claims in excess of deductibles8,2679,325
Refundable income taxes4,0348,944
Prepaid expenses and other current assets46,53547,824
Total current assets1,026,244890,291
Property and equipment, net of accumulated depreciation of $380,465 and $351,753, respectively268,978233,175
Operating lease right-of-use assets35,01230,544
Goodwill116,953115,847
Intangible assets, net of accumulated amortization of $30,534 and $25,439, respectively83,51687,557
Receivable for insurance claims in excess of deductibles33,73934,210
Investment in joint venture8,7073,697
Other assets5,5973,537
Total assets1,578,7461,398,858
Current liabilities  
Current portion of long-term debt7,0535,074
Current portion of operating lease obligations9,2379,711
Current portion of finance lease obligations2,0391,127
Accounts payable359,363315,323
Contract liabilities240,411227,055
Current portion of accrued self-insurance28,26928,752
Accrued income taxes2370
Other current liabilities100,59379,918
Total current liabilities747,202666,960
Deferred income tax liabilities48,23045,775
Long-term debt29,18835,479
Accrued self-insurance51,79651,287
Operating lease obligations, net of current maturities25,77520,845
Finance lease obligations, net of current maturities3142,313
Other liabilities25,03915,999
Total liabilities927,544838,658
Commitments and contingencies
Shareholders’ equity  
Preferred stock – $0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at December 31, 2023 and December 31, 202200
Common stock – $0.01 par value per share; 100,000,000 authorized shares; 16,684,492 and 16,563,767 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively167165
Additional paid-in capital162,386161,427
Accumulated other comprehensive loss(3,880)(6,300)
Retained earnings492,529404,908
Total shareholders’ equity651,202560,200
Total liabilities and shareholders’ equity$ 1,578,746$ 1,398,858
MYRG
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and limited gas construction services, as well as emergency restoration services in response to wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities and transportation control, and management systems.. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.
 CEO
 WEBSITEwww.myrgroup.com
 EMPLOYEES8500

MYR Group Inc Frequently Asked Questions


What is the ticker symbol for MYR Group Inc? What does MYRG stand for in stocks?

MYRG is the stock ticker symbol of MYR Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MYR Group Inc (MYRG)?

As of Wed Mar 27 2024, market cap of MYR Group Inc is 2.93 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MYRG stock?

You can check MYRG's fair value in chart for subscribers.

What is the fair value of MYRG stock?

You can check MYRG's fair value in chart for subscribers. The fair value of MYR Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of MYR Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MYRG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is MYR Group Inc a good stock to buy?

The fair value guage provides a quick view whether MYRG is over valued or under valued. Whether MYR Group Inc is cheap or expensive depends on the assumptions which impact MYR Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MYRG.

What is MYR Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, MYRG's PE ratio (Price to Earnings) is 32.24 and Price to Sales (PS) ratio is 0.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MYRG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on MYR Group Inc's stock?

In the past 10 years, MYR Group Inc has provided 0.211 (multiply by 100 for percentage) rate of return.