TimesSquare Capital Management LLC Sells 82,155 Shares of MYR Group, Inc. $MYRG

Posted by George Bondi on May 20th, 2026

TimesSquare Capital Management LLC decreased its position in MYR Group, Inc. (NASDAQ:MYRG – Free Report) by 52.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,301 shares of the utilities provider’s stock after selling 82,155 shares during the quarter. TimesSquare Capital Management LLC’s holdings in MYR Group were worth $16,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in MYR Group by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 1,265,452 shares of the utilities provider’s stock valued at $276,501,000 after acquiring an additional 40,164 shares during the period. Wellington Management Group LLP lifted its holdings in MYR Group by 69.2% in the third quarter. Wellington Management Group LLP now owns 624,791 shares of the utilities provider’s stock valued at $129,975,000 after acquiring an additional 255,493 shares during the period. Fisher Asset Management LLC lifted its holdings in MYR Group by 0.9% in the third quarter. Fisher Asset Management LLC now owns 450,402 shares of the utilities provider’s stock valued at $93,697,000 after acquiring an additional 4,203 shares during the period. Principal Financial Group Inc. lifted its holdings in MYR Group by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 389,009 shares of the utilities provider’s stock valued at $84,998,000 after acquiring an additional 8,695 shares during the period. Finally, Invesco Ltd. lifted its holdings in MYR Group by 59.9% in the third quarter. Invesco Ltd. now owns 245,435 shares of the utilities provider’s stock valued at $51,058,000 after acquiring an additional 91,923 shares during the period. Institutional investors own 88.90% of the company’s stock.

MYR Group Stock Down 2.1%

NASDAQ MYRG opened at $440.68 on Wednesday. The stock’s 50-day moving average price is $333.35 and its 200-day moving average price is $272.59. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.01. MYR Group, Inc. has a 52 week low of $154.55 and a 52 week high of $480.00. The company has a market capitalization of $6.86 billion, a P/E ratio of 48.59 and a beta of 1.30.

MYR Group (NASDAQ:MYRG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.09 by $0.90. MYR Group had a return on equity of 22.14% and a net margin of 3.71%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $932.45 million. During the same quarter last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, equities research analysts predict that MYR Group, Inc. will post 10.59 earnings per share for the current year.

Wall Street Analyst Weigh In

MYRG has been the topic of a number of recent research reports. Stifel Nicolaus set a $503.00 target price on MYR Group in a report on Monday, May 4th. The Goldman Sachs Group increased their target price on MYR Group from $248.00 to $296.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MYR Group in a research note on Tuesday, April 21st. Cantor Fitzgerald raised their price objective on MYR Group from $311.00 to $564.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Robert W. Baird set a $373.00 price objective on MYR Group in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $328.86.

Get Our Latest Stock Report on MYRG

MYR Group Profile

(Free Report)

MYR Group Inc (NASDAQ: MYRG) is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.

Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.

TimesSquare Capital Management LLC Sells 82,155 Shares of MYR Group, Inc. $MYRG

MYR Group Stock Down 2.1%

Wall Street Analyst Weigh In

MYR Group Profile

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