MYR Group CEO Unloads $245,000 in Stock (MYRG)
MYR Group (NASDAQ:MYRG) CEO William Koertner unloaded 10,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $24.50, for a total transaction of $245,000.00. Following the completion of the transaction, the chief executive officer now directly owns 225,704 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on MYRG. 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.56.
MYR Group (NASDAQ:MYRG) traded up 2.83% on Friday, hitting $24.18. 98,411 shares of the company’s stock traded hands. 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 $22.31 and its 200-day moving average is $21.85. The company has a market cap of $508.9 million and a P/E ratio of 14.52.
MYR Group (NASDAQ:MYRG) last released its earnings data 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis.
MYR Group Inc (NASDAQ:MYRG) is a holding company.
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