MYR Group, Inc. (NASDAQ:MYRG) VP Gerald B. Jr. Engen sold 8,790 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $31.23, for a total value of $274,511.70. Following the completion of the sale, the vice president now directly owns 58,295 shares in the company, valued at approximately $1,820,552.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MYR Group, Inc. (NASDAQ MYRG) traded down 0.89% during mid-day trading on Friday, hitting $31.30. The company had a trading volume of 115,346 shares. The company has a market cap of $515.64 million, a PE ratio of 25.24 and a beta of 0.35. The company’s 50 day moving average price is $30.73 and its 200-day moving average price is $36.05. MYR Group, Inc. has a one year low of $24.15 and a one year high of $43.77.

MYR Group (NASDAQ:MYRG) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.22. MYR Group had a return on equity of 8.08% and a net margin of 1.74%. The firm had revenue of $300.13 million during the quarter, compared to the consensus estimate of $300.97 million. Equities research analysts anticipate that MYR Group, Inc. will post $1.37 EPS for the current fiscal year.

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Several analysts have weighed in on MYRG shares. Robert W. Baird raised MYR Group from a “neutral” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, May 5th. Zacks Investment Research lowered MYR Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 9th. FBR & Co reissued an “outperform” rating and issued a $37.00 target price (down previously from $45.00) on shares of MYR Group in a report on Tuesday, May 16th. Finally, TheStreet lowered MYR Group from a “b-” rating to a “c” rating in a report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.80.

Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its position in shares of MYR Group by 1.2% in the first quarter. Arizona State Retirement System now owns 8,359 shares of the utilities provider’s stock worth $343,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of MYR Group by 3.1% in the second quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the utilities provider’s stock worth $208,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of MYR Group by 3.7% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the utilities provider’s stock worth $270,000 after buying an additional 233 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of MYR Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,757 shares of the utilities provider’s stock worth $154,000 after buying an additional 246 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of MYR Group by 1.6% in the first quarter. Legal & General Group Plc now owns 26,474 shares of the utilities provider’s stock worth $1,086,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

MYR Group Company Profile

MYR Group Inc is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). The Company provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States and western Canada.

Insider Buying and Selling by Quarter for MYR Group (NASDAQ:MYRG)

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