MYR Group CFO Purchases $23,150 in Stock (MYRG)
MYR Group (NASDAQ:MYRG) CFO Paul J. Evans purchased 1,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $23.15 per share, with a total value of $23,150.00. Following the purchase, the chief financial officer now directly owns 20,465 shares of the company’s stock, valued at approximately $473,765. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MYRG. Analysts at Zacks downgraded shares of MYR Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $27.90 price target on the stock. Separately, analysts at FBR Capital Markets downgraded shares of MYR Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 8th. They now have a $27.00 price target on the stock, down previously from $30.00. Finally, analysts at Robert W. Baird upgraded shares of MYR Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $30.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.82.
Shares of MYR Group (NASDAQ:MYRG) opened at 23.44 on Friday. MYR Group has a 52-week low of $21.72 and a 52-week high of $27.30. The stock’s 50-day moving average is $25.02 and its 200-day moving average is $24.61. The company has a market cap of $500.0 million and a P/E ratio of 15.54.
MYR Group (NASDAQ:MYRG) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.05. The company had revenue of $228.90 million for the quarter, compared to the consensus estimate of $228.90 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that MYR Group will post $1.40 earnings per share for the current fiscal year.
MYR Group Inc (NASDAQ:MYRG) is a holding company.
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