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MYRG logo MYRG
Upturn stock ratingUpturn stock rating
MYRG logo

MYR Group Inc (MYRG)

Upturn stock ratingUpturn stock rating
$181.45
Last Close (24-hour delay)
Profit since last BUY17.39%
upturn advisory
Consider higher Upturn Star rating
BUY since 40 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

06/30/2025: MYRG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Year Target Price $171

Year Target Price $171

Analyst’s Price TargetsFor last 52 week
$171Target price
Low$86.6
Current$181.45
high$188.71

Analysis of Past Performance

Type Stock
Historic Profit 96.17%
Avg. Invested days 71
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.83B USD
Price to earnings Ratio 84.54
1Y Target Price 171
Price to earnings Ratio 84.54
1Y Target Price 171
Volume (30-day avg) 5
Beta 1.17
52 Weeks Range 86.60 - 188.71
Updated Date 06/30/2025
52 Weeks Range 86.60 - 188.71
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 2.16

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 1.02%
Operating Margin (TTM) 3.98%

Management Effectiveness

Return on Assets (TTM) 2.32%
Return on Equity (TTM) 5.71%

Valuation

Trailing PE 84.54
Forward PE -
Enterprise Value 2956677858
Price to Sales(TTM) 0.84
Enterprise Value 2956677858
Price to Sales(TTM) 0.84
Enterprise Value to Revenue 0.87
Enterprise Value to EBITDA 22.99
Shares Outstanding 15522800
Shares Floating 15226037
Shares Outstanding 15522800
Shares Floating 15226037
Percent Insiders 1.81
Percent Institutions 102.69

Analyst Ratings

Rating 3
Target Price 171
Buy -
Strong Buy 4
Buy -
Strong Buy 4
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

MYR Group Inc

stock logo

Company Overview

overview logo History and Background

MYR Group Inc. was founded in 1891 as Hatfield Electric Company. Over time, it transitioned and grew, becoming a leading specialty contractor serving the electrical infrastructure market. Significant milestones include expansion into new markets and acquisitions to enhance service offerings.

business area logo Core Business Areas

  • Transmission and Distribution (T&D): Focuses on the construction, maintenance, and upgrade of high-voltage power lines and substations.
  • Commercial and Industrial (C&I): Provides electrical construction services for commercial, industrial, and renewable energy projects.

leadership logo Leadership and Structure

The leadership team includes Richard Swartz (President and CEO). The organizational structure is based on regional operating subsidiaries, each focusing on specific geographic areas and service lines.

Top Products and Market Share

overview logo Key Offerings

  • High-Voltage Transmission Line Construction: Construction and maintenance of high-voltage power lines. Market share information is not readily available at a granular level. Competitors include Quanta Services (PWR) and MasTec (MTZ).
  • Substation Construction: Construction, upgrade and maintenance of substations. Market share information is not readily available at a granular level. Competitors include Quanta Services (PWR) and MasTec (MTZ).
  • Renewable Energy Construction: Electrical construction for solar, wind, and other renewable energy projects. Market share information is not readily available at a granular level. Competitors include Quanta Services (PWR) and MasTec (MTZ).

Market Dynamics

industry overview logo Industry Overview

The electrical infrastructure market is driven by aging infrastructure, increasing demand for electricity, and the growth of renewable energy. Increased need for upgrades and expansion to grids.

Positioning

MYR Group Inc. is a leading specialty contractor with a strong reputation for quality and safety. This gives it a competitive advantage in securing large and complex projects.

Total Addressable Market (TAM)

The TAM for electrical infrastructure construction is estimated to be in the tens of billions of dollars annually. MYR Group Inc. holds a significant portion of the specialized segment, but the specific size varies. The market is highly fragmented but MYR is well positioned to compete.

Upturn SWOT Analysis

Strengths

  • Strong reputation and brand recognition
  • Experienced workforce
  • Diversified service offerings
  • Strong safety record
  • Geographic footprint

Weaknesses

  • Dependence on project backlog
  • Exposure to economic cycles
  • Labor availability and costs
  • Seasonality of construction activities
  • Project execution risk

Opportunities

  • Growth in renewable energy projects
  • Infrastructure modernization initiatives
  • Expansion into new geographic markets
  • Increased demand for grid hardening
  • Federal funding for grid upgrades

Threats

  • Economic downturns
  • Increased competition
  • Fluctuations in material costs
  • Regulatory changes
  • Delays in project approvals

Competitors and Market Share

competitor logo Key Competitors

  • Quanta Services (PWR)
  • MasTec (MTZ)
  • EMCOR Group (EME)

Competitive Landscape

MYR Group Inc. competes with larger and smaller companies, each with its own strengths and weaknesses. MYR Group Inc.'s focus on quality and safety allows it to compete effectively for large and complex projects.

Major Acquisitions

Sturgeon Electric Company, Inc.

  • Year: 2008
  • Acquisition Price (USD millions):
  • Strategic Rationale: Expanded MYR Group's geographic reach and service capabilities.

Growth Trajectory and Initiatives

Historical Growth: MYR Group Inc. has experienced consistent revenue growth over the past years, driven by increased demand for its services. The specific numbers are not readily available.

Future Projections: Analysts project continued revenue growth, driven by infrastructure spending. The specific numbers are not readily available.

Recent Initiatives: Recent strategic initiatives include expansion into new geographic markets and investments in technology and training.

Summary

MYR Group is a strong player in the electrical infrastructure market, benefiting from the increasing need to upgrade the nation's grids. The company's focus on safety and its experienced workforce provides a competitive edge. Key areas to watch include managing labor costs and economic cycles. Federal infrastructure investments present substantial opportunities.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates

Disclaimers:

This analysis is based on available information and is not financial advice. Market conditions are subject to change. Financial information is delayed, refer to official filings.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About MYR Group Inc

Exchange NASDAQ
Headquaters Thornton, CO, United States
IPO Launch date 2008-08-13
President, CEO & Director Mr. Richard S. Swartz Jr.
Sector Industrials
Industry Engineering & Construction
Full time employees 8500
Full time employees 8500

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through 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 electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as 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, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.