MYR Group CEO William Koertner Sells 20,000 Shares (MYRG)
MYR Group (NASDAQ:MYRG) CEO William Koertner sold 20,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $23.25, for a total transaction of $465,000.00. Following the sale, the chief executive officer now directly owns 225,704 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
MYRG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of MYR Group (NASDAQ:MYRG) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $22.80 price target on the stock. Analysts at DA Davidson downgraded shares of MYR Group (NASDAQ:MYRG) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They now have a $25.00 price target on the stock.
Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. MYR Group has an average rating of “Buy” and a consensus target price of $25.56.
Shares of MYR Group (NASDAQ:MYRG) traded up 1.80% during mid-day trading on Tuesday, hitting $24.28. The stock had a trading volume of 151,521 shares. MYR Group has a 52 week low of $17.60 and a 52 week high of $25.76. The stock’s 50-day moving average is $22.07 and its 200-day moving average is $21.81. The company has a market cap of $511.0 million and a price-to-earnings ratio of 14.73.
MYR Group (NASDAQ:MYRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $214.00 million for the quarter, compared to the consensus estimate of $233.24 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Analysts expect that MYR Group will post $1.62 EPS for the current fiscal year.
MYR Group Inc (NASDAQ:MYRG) is a holding company.
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