MARKET

MYRG

MYRG

MYR Group
NASDAQ

Real-time Quotes | Nasdaq Last Sale

51.29
-0.21
-0.41%
Opening 10:11 12/02 EST
OPEN
51.34
PREV CLOSE
51.50
HIGH
51.84
LOW
51.05
VOLUME
5.25K
TURNOVER
--
52 WEEK HIGH
53.85
52 WEEK LOW
16.33
MARKET CAP
857.93M
P/E (TTM)
16.13
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Are Investors Undervaluing MYR Group Inc. (NASDAQ:MYRG) By 27%?
Today we will run through one way of estimating the intrinsic value of MYR Group Inc. (NASDAQ:MYRG) by projecting its...
Simply Wall St. · 11/18 06:41
MYR EPS beats by $0.24, beats on revenue
MYR (MYRG): Q3 GAAP EPS of $1.02 beats by $0.24.Revenue of $607.9M (+4.2% Y/Y) beats by $30.32M.Press Release
Seekingalpha · 10/28 20:30
The Zacks Analyst Blog Highlights: MYR, PNM, Exelon, Chesapeake Utilities and Pinnacle West
Zacks · 10/26 17:31
Has MYR Group (NASDAQ:MYRG) Got What It Takes To Become A Multi-Bagger?
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Simply Wall St. · 10/26 17:31
MYR Group Inc. Announces New $50 Million Share Repurchase Program
ROLLING MEADOWS, Ill., Oct. 23, 2020 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” or the “Company”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, today announced its new share repurchase program (“Repurchase Program”). The Repurchase Program authorizes the Company to repurchase, in the aggregate, up to $50.0 million of its outstanding shares of common stock from time to time on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. The Repurchase Program will expire in one year, or when the authorized funds are exhausted, whichever is earlier. The Company intends to fund the Repurchase Program with cash on hand and through borrowings under its credit facility. The Repurchase Program was authorized by the Board of Directors (the “Board”) on October 22, 2020, and will be effective November 2, 2020. Management Comments Rick Swartz, MYR’s President and CEO, said, “We are committed to driving value for all MYR shareholders and directing capital to investments that generate strong returns. Today’s announcement reflects the Board’s confidence in the Company’s long-term strategy and our belief that MYR’s stock represents an attractive long-term investment opportunity.” Mr. Swartz continued, “MYR has a strong balance sheet that enables us to support our core business, while at the same time, capitalize on internal and external growth opportunities. We will continue to be disciplined with respect to the allocation of capital, and we are confident that we are taking the right steps to grow the Company and create greater shareholder value.”About MYR MYR is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and western Canada who have the experience and expertise to complete electrical installations of any type and size. Their comprehensive services on electric transmission and distribution networks and substation facilities include design, engineering, procurement, construction, upgrade, maintenance and repair services. Transmission and distribution customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Commercial and industrial electrical contracting services are provided to general contractors, commercial and industrial facility owners, local governments and developers generally throughout the United States and western Canada. For more information, visit myrgroup.com.Forward-Looking Statements Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improvements and investments. Forward-looking statements are generally accompanied by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “likely,” “unlikely,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this announcement speak only as of the date of this announcement. We disclaim any obligation to update these statements (unless required by securities laws), and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. No forward-looking statement can be guaranteed and actual results may differ materially from those projected. Forward-looking statements in this announcement should be evaluated together with the many uncertainties that affect MYR's business, particularly those mentioned in the risk factors and cautionary statements in Item 1A. of MYR's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in any risk factors or cautionary statements contained in MYR's subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K.MYR Group Inc. Contact: Betty R. Johnson, Chief Financial Officer, 847-290-1891, investorinfo@myrgroup.comInvestor Contact: David Gutierrez, Dresner Corporate Services, 312-780-7204, dgutierrez@dresnerco.com
GlobeNewswire · 10/23 21:17
MYR Group launches $50M buyback program
MYR Group (MYRG) announces a new repurchase program that authorizes the company to buyback up to $50M of its outstanding shares of common stock through 2021.The company intends to fund the
Seekingalpha · 10/23 20:32
MYR (MYRG) Hits 52-Week High, Can the Run Continue?
MYR (MYRG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Zacks · 10/21 14:15
Should You Think About Buying MYR Group Inc. (NASDAQ:MYRG) Now?
While MYR Group Inc. (NASDAQ:MYRG) might not be the most widely known stock at the moment, it led the NASDAQGS gainers...
Simply Wall St. · 09/30 16:35
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Learn about the latest financial forecast of MYRG. Analyze the recent business situations of MYR Group through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 4 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average MYRG stock price target is 49.33 with a high estimate of 52.00 and a low estimate of 45.00.
EPS
Institutional Holdings
Institutions: 205
Institutional Holdings: 16.10M
% Owned: 96.23%
Shares Outstanding: 16.73M
TypeInstitutionsShares
Increased
56
504.05K
New
24
-6.76K
Decreased
55
623.56K
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Construction & Engineering
-0.81%
Industrial & Commercial Services
-0.58%
Key Executives
Chairman/Independent Director
Kenneth Hartwick
President/Chief Executive Officer/Director
Richard Swartz
Chief Financial Officer/Senior Vice President/Treasurer
Betty Johnson
Chief Operating Officer/Senior Vice President
Tod Cooper
Chief Operating Officer/Senior Vice President
Jeffrey Waneka
Vice President/Secretary
William Fry
Director
William Koertner
Director
Shirin O'Connor
Independent Director
Bradley Favreau
Independent Director
Jennifer Lowry
Independent Director
Donald Lucky
Independent Director
Maurice Moore
Independent Director
William Patterson
  • Dividends
  • Splits
  • Insider Activity
No Data
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About MYRG
MYR 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). The Company 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 and western Canada. The Company's T&D segment serves the T&D sector of the electric utility industry. The Company provides a range of services on electric transmission and distribution networks and substation facilities, such as design, engineering, procurement, construction and upgrade. The Company's C&I segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway and tunnel lighting.
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