MYR Group (NASDAQ:MYRG) Downgraded by Wall Street Zen to “Buy”

Posted by Brian Himes on Aug 9th, 2026

Wall Street Zen downgraded shares of MYR Group (NASDAQ:MYRG – Free Report) from a strong-buy rating to a buy rating in a research report report published on Saturday.

A number of other research firms have also recently commented on MYRG. Stifel Nicolaus set a $503.00 price target on MYR Group in a report on Monday, May 4th. Zacks Research lowered MYR Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Robert W. Baird set a $375.00 price objective on MYR Group in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MYR Group in a research report on Friday, July 17th. Finally, Cantor Fitzgerald lifted their target price on MYR Group from $311.00 to $564.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, MYR Group currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Check Out Our Latest Research Report on MYRG

MYR Group Stock Performance

NASDAQ MYRG opened at $337.42 on Friday. The firm has a market capitalization of $5.25 billion, a P/E ratio of 32.01 and a beta of 1.34. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $417.77 and its two-hundred day moving average price is $352.74. MYR Group has a 1 year low of $171.51 and a 1 year high of $503.57.

MYR Group (NASDAQ:MYRG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.55. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $995.74 million. MYR Group had a net margin of 4.13% and a return on equity of 24.17%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. As a group, research analysts anticipate that MYR Group will post 12.35 EPS for the current year.

Insider Activity at MYR Group

In related news, Director Donald C.I. Lucky sold 14,675 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $449.53, for a total transaction of $6,596,852.75. Following the sale, the director owned 5,579 shares in the company, valued at approximately $2,507,927.87. This trade represents a 72.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth Michael Hartwick sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $450.50, for a total transaction of $1,576,750.00. Following the transaction, the director owned 18,631 shares of the company’s stock, valued at approximately $8,393,265.50. This represents a 15.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On MYR Group

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in MYR Group in the second quarter valued at about $30,000. Carolina Wealth Advisors LLC bought a new position in shares of MYR Group in the second quarter worth about $30,000. Parallel Advisors LLC boosted its stake in shares of MYR Group by 207.9% in the 1st quarter. Parallel Advisors LLC now owns 117 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 79 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of MYR Group during the 2nd quarter valued at approximately $70,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of MYR Group by 212.2% during the 4th quarter. Farther Finance Advisors LLC now owns 153 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

About MYR Group

(Get 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.