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MYRG 
MYR Group Inc (MYRG)
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Upturn Advisory Summary
01/06/2026: MYRG (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $240.6
1 Year Target Price $240.6
| 4 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 95.14% | Avg. Invested days 71 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 01/06/2026 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.61B USD | Price to earnings Ratio 37.75 | 1Y Target Price 240.6 |
Price to earnings Ratio 37.75 | 1Y Target Price 240.6 | ||
Volume (30-day avg) 5 | Beta 1.18 | 52 Weeks Range 97.72 - 241.13 | Updated Date 01/6/2026 |
52 Weeks Range 97.72 - 241.13 | Updated Date 01/6/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 6.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.78% | Operating Margin (TTM) 4.71% |
Management Effectiveness
Return on Assets (TTM) 5.24% | Return on Equity (TTM) 16.22% |
Valuation
Trailing PE 37.75 | Forward PE - | Enterprise Value 3562090924 | Price to Sales(TTM) 1.03 |
Enterprise Value 3562090924 | Price to Sales(TTM) 1.03 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 16.6 | Shares Outstanding 15522834 | Shares Floating 15228987 |
Shares Outstanding 15522834 | Shares Floating 15228987 | ||
Percent Insiders 1.8 | Percent Institutions 103.79 |
Upturn AI SWOT
MYR Group Inc
Company Overview
History and Background
MYR Group Inc. was founded in 1945 and is a leading specialty contractor. The company has grown through a combination of organic expansion and strategic acquisitions, establishing itself as a key player in the electrical and telecommunications infrastructure services sector. Significant milestones include its expansion into various service lines and geographical markets, and its commitment to safety and operational excellence.
Core Business Areas
- Transmission, Distribution, and Conventional Power: Providing engineering, procurement, and construction (EPC) services for overhead and underground power lines, substations, and related infrastructure for electric utilities and industrial customers. This includes building, maintaining, and upgrading power grids.
- Commercial and Industrial: Offering a wide range of electrical contracting services for commercial buildings, industrial facilities, and renewable energy projects, including installation, maintenance, and upgrades for power systems, lighting, and data networks.
- Telecom: Providing installation and maintenance services for telecommunications infrastructure, including fiber optic networks, cell towers, and related equipment for wireless and wireline carriers.
Leadership and Structure
MYR Group Inc. is led by a seasoned management team with extensive experience in the construction and utility industries. The company operates through its subsidiaries, each specializing in specific service areas and regions, fostering a decentralized yet coordinated approach to operations and client service. Key leadership roles include CEO, CFO, and heads of major business segments.
Top Products and Market Share
Key Offerings
- Transmission & Distribution Infrastructure Services: Design, construction, and maintenance of high-voltage transmission lines, substations, and distribution networks. Competitors include Quanta Services (PWR), MasTec (MTZ), and ABC Technologies.
- Commercial & Industrial Electrical Contracting: Comprehensive electrical services for commercial, industrial, and renewable energy projects, including electrical system installation, maintenance, and upgrades. Competitors vary by project size and specialization, including large national electrical contractors and regional specialists.
- Telecommunications Infrastructure Services: Installation and maintenance of fiber optic networks, wireless tower infrastructure, and related telecommunications equipment. Competitors include MasTec (MTZ), and various specialized telecom contractors.
Market Dynamics
Industry Overview
The electrical and telecommunications infrastructure services industry is characterized by steady demand driven by the need to upgrade aging grids, expand renewable energy capacity, and deploy new telecommunications technologies (e.g., 5G, fiber). The industry is capital-intensive and labor-dependent, with a strong emphasis on safety and regulatory compliance. Growth is influenced by government infrastructure spending, utility capital expenditures, and technological advancements.
Positioning
MYR Group Inc. is well-positioned within the industry due to its diversified service offerings across transmission, distribution, commercial, industrial, and telecom sectors. Its competitive advantages include a strong safety record, a highly skilled workforce, established relationships with utility and industrial clients, and a track record of successful project execution. The company's strategic acquisitions have also expanded its capabilities and geographic reach.
Total Addressable Market (TAM)
The TAM for electrical and telecommunications infrastructure services in the US is estimated to be in the tens of billions of dollars annually, driven by ongoing infrastructure modernization, renewable energy expansion, and telecommunications network upgrades. MYR Group Inc. holds a significant, albeit not dominant, share within specific niches of this broad market, with considerable room for growth through market penetration and service expansion.
Upturn SWOT Analysis
Strengths
- Diversified service offerings across multiple infrastructure sectors.
- Strong safety culture and track record.
- Experienced management team and skilled workforce.
- Established relationships with major utility and industrial clients.
- Proven ability to execute complex projects.
Weaknesses
- Reliance on economic cycles and infrastructure spending.
- Potential for labor shortages in specialized trades.
- Integration challenges from past and future acquisitions.
- Sensitivity to material costs and supply chain disruptions.
Opportunities
- Increased government investment in infrastructure and renewable energy.
- Expansion of 5G and fiber optic network deployment.
- Modernization of the electric grid (smart grid initiatives).
- Growth in the renewable energy sector (solar, wind installations).
- Acquisition of complementary businesses to expand capabilities.
Threats
- Intense competition from other large contractors.
- Economic downturns impacting client capital expenditures.
- Changes in regulatory policies and environmental standards.
- Rising labor costs and availability of skilled workers.
- Unforeseen project delays and cost overruns.
Competitors and Market Share
Key Competitors
- Quanta Services Inc. (PWR)
- MasTec Inc. (MTZ)
Competitive Landscape
MYR Group Inc. competes in a fragmented market with larger players like Quanta Services and MasTec, as well as numerous regional and specialized contractors. Its advantages lie in its specialization, strong client relationships, and a focus on safety and execution. However, it faces challenges from larger competitors' economies of scale and broader service portfolios.
Major Acquisitions
Summit Utility Constructors, LLC
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To expand its transmission and distribution services capabilities and strengthen its presence in key utility markets.
H.G. Poe and Associates, Inc.
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance its specialty electrical contracting services for industrial and commercial clients.
Growth Trajectory and Initiatives
Historical Growth: MYR Group Inc. has exhibited consistent historical growth in revenue and profitability, driven by increased demand for infrastructure services, strategic acquisitions, and its ability to secure large-scale projects. The company has successfully navigated various economic cycles by maintaining a diversified client base and service portfolio.
Future Projections: Analyst estimates for MYR Group Inc. generally indicate continued revenue and earnings growth, supported by favorable industry trends such as infrastructure modernization, renewable energy development, and telecommunications expansion. Projections often highlight the company's robust backlog and its strategic focus on expanding its capabilities.
Recent Initiatives: Recent initiatives by MYR Group Inc. likely include strategic acquisitions to enhance its service offerings or geographic presence, investments in technology and training to improve operational efficiency and safety, and efforts to secure larger, long-term contracts within its core business segments.
Summary
MYR Group Inc. is a well-established specialty contractor with strong fundamentals, benefiting from robust demand in infrastructure and telecommunications. Its diversified services and experienced leadership are key strengths. However, it faces competition and economic sensitivities. Continued investment in growth initiatives and strategic acquisitions will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC EDGAR)
- Financial Data Providers (e.g., Refinitiv, Bloomberg)
- Industry Analyst Reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Stock performance and market share data are subject to change. Investing in the stock market involves risks, and investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.myrgroup.com |
Full time employees 8500 | Website https://www.myrgroup.com | ||
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.
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