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.
Company profile
Ticker
MYRG
Exchange
Website
CEO
Richard Swartz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MYERS L E CO GROUP, MYR GROUP INC
SEC CIK
Corporate docs
Subsidiaries
CSI Electrical Contractors, Inc. • E.S. Boulos Company • Great Southwestern Construction, Inc. • GSW Integrated Services, LLC • Harlan Electric Company • High Country Line Construction, Inc. • Huen Electric, Inc. • MYR Equipment, LLC • MYR Group Construction Canada, Ltd. • MYR Real Estate Holdings, LLC ...
IRS number
363158643
MYRG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
MYR Group Inc. Announces Senior Leadership Succession Plan
27 Mar 23
ARS
2022 FY
Annual report to shareholders
6 Mar 23
DEF 14A
Definitive proxy
6 Mar 23
8-K
Regulation FD Disclosure
24 Feb 23
PRE 14A
Preliminary proxy
23 Feb 23
10-K
2022 FY
Annual report
22 Feb 23
8-K
MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Results
22 Feb 23
8-K
MYR Group Inc. Announces CFO Succession Plan
9 Jan 23
8-K
MYR Group Inc. Announces New $75 Million Share Repurchase Program
2 Nov 22
8-K
Regulation FD Disclosure
28 Oct 22
Transcripts
MYRG
Earnings call transcript
2022 Q3
27 Oct 22
MYRG
Earnings call transcript
2022 Q2
28 Jul 22
MYRG
Earnings call transcript
2022 Q1
28 Apr 22
MYRG
Earnings call transcript
2021 Q4
24 Feb 22
MYRG
Earnings call transcript
2021 Q3
28 Oct 21
MYRG
Earnings call transcript
2021 Q2
2 Aug 21
MYRG
Earnings call transcript
2021 Q1
1 May 21
MYRG
Earnings call transcript
2020 Q4
4 Mar 21
MYRG
Earnings call transcript
2020 Q3
1 Nov 20
MYRG
Earnings call transcript
2020 Q2
2 Aug 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 51.04 mm | 51.04 mm | 51.04 mm | 51.04 mm | 51.04 mm | 51.04 mm |
| Cash burn (monthly) | (no burn) | 2.59 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 7.57 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 43.47 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 16.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
12.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 211 |
| Opened positions | 31 |
| Closed positions | 17 |
| Increased positions | 71 |
| Reduced positions | 78 |
| 13F shares | Current |
|---|---|
| Total value | 1.17 tn |
| Total shares | 14.00 mm |
| Total puts | 12.10 k |
| Total calls | 24.80 k |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 2.97 mm | $273.33 bn |
| Vanguard | 1.24 mm | $114.02 bn |
| Dimensional Fund Advisors | 1.10 mm | $101.62 mm |
| MCQEF Macquarie | 815.99 k | $75.13 bn |
| PFG Principal Financial Group Inc - Registered Shares | 665.13 k | $61.24 bn |
| Victory Capital Management | 635.48 k | $58.51 bn |
| STT State Street | 575.19 k | $52.96 bn |
| Millennium Management | 560.65 k | $51.80 bn |
| Geode Capital Management | 342.24 k | $31.62 bn |
| Nuveen Asset Management | 246.87 k | $22.81 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 Mar 23 | FRY William | Common Stock | Payment of exercise | Dispose F | No | No | 116.47 | 265 | 30.86 k | 9,934 |
| 23 Mar 23 | FRY William | Common Stock | Option exercise | Acquire M | No | No | 0 | 605 | 0.00 | 10,199 |
| 23 Mar 23 | FRY William | Common Stock | Payment of exercise | Dispose F | No | No | 116.47 | 396 | 46.12 k | 9,594 |
| 23 Mar 23 | FRY William | Common Stock | Option exercise | Acquire M | No | No | 0 | 903 | 0.00 | 9,990 |
| 23 Mar 23 | FRY William | Common Stock | Payment of exercise | Dispose F | No | No | 116.47 | 739 | 86.07 k | 9,087 |
| 23 Mar 23 | FRY William | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,688 | 0.00 | 9,826 |
| 23 Mar 23 | FRY William | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,648 | 0.00 | 1,648 |
| 23 Mar 23 | FRY William | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 605 | 0.00 | 1,209 |
| 23 Mar 23 | FRY William | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 903 | 0.00 | 904 |
| 23 Mar 23 | FRY William | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,688 | 0.00 | 0 |
News
MYR Group Inc. Announces Senior Leadership Succession Plan; Jeffrey J. "Jeff" Waneka Retires As COO, Don A. Egan, Who Will Assume The Role Of Senior Vice President And Chief Operating Officer C&i, Effective May 1, 2023
27 Mar 23
10 Industrials Stocks Moving In Thursday's Intraday Session
23 Feb 23
Comfort Systems, Gannett, CommScope And Other Big Stocks Moving Higher On Thursday
23 Feb 23
Baird Maintains Outperform on MYR Group, Raises Price Target to $120
23 Feb 23
MYR Group Q4 EPS $1.46 Beats $1.08 Estimate, Sales $863.96M Beat $741.45M Estimate
22 Feb 23
Press releases
MYR Group Inc. Announces Senior Leadership Succession Plan
27 Mar 23
MYR Group Inc. to Attend UBS Investor Conference in March
28 Feb 23
MYR Group Inc. to Attend Sidoti Investor Conference in March
27 Feb 23
MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Results
22 Feb 23
MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Earnings Release and Conference Call Schedule
8 Feb 23