El interés en corto de MYR Group da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de MYR Group. Los datos de interés en corto se actualizan cada dos semanas.

MYR Group (NASDAQ:MYRG) Bolsa, Informe de interés en corto

MYR Group

MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.

MYR Group Inc

WIIM

MYRG

MYR Group shares are trading higher after the company reported better-than-expected Q3 EPS results. Also, Baird maintained an Outperform rating on the stock and raised its price target from $131 to $138.

<h3>Gainers</h3>
<ul>
<li>NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) shares rose 24.1% to $39.67 during Thursday's regular session. The market value of their outstanding shares is at $5.7 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) shares rose 23.44% to $212.63. The company's market cap stands at $12.2 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) stock rose 20.98% to $1.21. The market value of their outstanding shares is at $16.5 million. </li>
<li>Orion Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) shares rose 17.52% to $6.37. The company's market cap stands at $248.1 million. The company's, Q3 earnings came out yesterday. </li>
<li>Armlogi Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOC#NASDAQ">BTOC</a>) shares rose 16.27% to $6.93. The company's market cap stands at $288.5 million. </li>
<li>MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) shares rose 16.19% to $134.01. The company's market cap stands at $2.2 billion. As per the press release, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares declined by 23.1% to $0.37 during Thursday's regular session. The company's market cap stands at $59.8 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Huntington Ingalls Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) shares fell 22.23% to $194.82. The market value of their outstanding shares is at $7.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) shares decreased by 21.58% to $8.71. The market value of their outstanding shares is at $269.6 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares decreased by 20.28% to $8.36. The market value of their outstanding shares is at $1.4 billion. The company's, Q3 earnings came out 2 days ago. </li>
<li>Enviri (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRI#NYSE">NVRI</a>) shares fell 19.73% to $8.06. The company's market cap stands at $645.7 million. As per the news, the Q3 earnings report came out today. </li>
<li>NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) shares decreased by 19.14% to $3.17. The company's market cap stands at $158.5 million. As per the press release, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BTOC

ENVX

NCRA

NNBR

NVRI

PAYC

STEM

12 Industrials Stocks Moving In Thursday's Intraday Session

Baird analyst Justin Hauke maintains MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) with a Outperform and raises the price target from $131 to $138.

News

Price Target

Analyst Ratings

Baird Maintains Outperform on MYR Group, Raises Price Target to $138

MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.35 by 85.71 percent. The company reported quarterly sales of $888.043 million which missed the analyst consensus estimate of $917.177 million by 3.18 percent. This is a 5.47 percent decrease over sales of $939.476 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

MYR Group Q3 2024 GAAP EPS $0.65 Beats $0.35 Estimate, Sales $888.043M Miss $917.177M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JOBY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$6.00</td>
<td>$42.3K</td>
<td>2.2K</td>
<td>11.4K</td>
</tr>
<tr>
<td>GRAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.50</td>
<td>$37.5K</td>
<td>450</td>
<td>5.5K</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.50</td>
<td>$75.2K</td>
<td>49.2K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$140.00</td>
<td>$98.0K</td>
<td>290</td>
<td>1.4K</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$160.00</td>
<td>$305.6K</td>
<td>377</td>
<td>973</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$15.00</td>
<td>$46.8K</td>
<td>320</td>
<td>274</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$24.00</td>
<td>$43.2K</td>
<td>1.0K</td>
<td>234</td>
</tr>
<tr>
<td>MYRG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$120.00</td>
<td>$106.8K</td>
<td>0</td>
<td>120</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$287.50</td>
<td>$38.3K</td>
<td>164</td>
<td>59</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$44.4K</td>
<td>1.1K</td>
<td>31</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For JOBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 25, 2024. This event was a transfer of 1058 contract(s) at a $6.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $40.0 per contract. There were 2214 open contracts at this strike prior to today, and today 11406 contract(s) were bought and sold. 
• Regarding GRAB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>), we observe a call option sweep with bearish sentiment. It expires in 59 day(s) on December 20, 2024. Parties traded 2500 contract(s) at a $4.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $15.0 per contract. There were 450 open contracts at this strike prior to today, and today 5532 contract(s) were bought and sold. 
• For ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on January 17, 2025. This event was a transfer of 2500 contract(s) at a $3.50 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $75.2K, with a price of $30.0 per contract. There were 49222 open contracts at this strike prior to today, and today 2675 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a put option sweep that happens to be bullish, expiring in 87 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $140.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $98.0K, with a price of $987.0 per contract. There were 290 open contracts at this strike prior to today, and today 1486 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option sweep that happens to be neutral, expiring in 10 day(s) on November 1, 2024. This event was a transfer of 597 contract(s) at a $160.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $305.6K, with a price of $512.0 per contract. There were 377 open contracts at this strike prior to today, and today 973 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a put option sweep with bearish sentiment. It expires in 24 day(s) on November 15, 2024. Parties traded 242 contract(s) at a $15.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $194.0 per contract. There were 320 open contracts at this strike prior to today, and today 274 contract(s) were bought and sold. 
• For ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we notice a call option trade that happens to be bullish, expiring in 24 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $24.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $216.0 per contract. There were 1001 open contracts at this strike prior to today, and today 234 contract(s) were bought and sold. 
• Regarding MYRG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>), we observe a put option trade with bullish sentiment. It expires in 59 day(s) on December 20, 2024. Parties traded 120 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $106.8K, with a price of $890.0 per contract. There were 0 open contracts at this strike prior to today, and today 120 contract(s) were bought and sold. 
• Regarding GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on November 1, 2024. Parties traded 59 contract(s) at a $287.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $650.0 per contract. There were 164 open contracts at this strike prior to today, and today 59 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option trade with bearish sentiment. It expires in 451 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $44.4K, with a price of $1480.0 per contract. There were 1101 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ACHR

GRAB

JOBY

LYFT

10 Industrials Stocks With Whale Alerts In Today's Session

Goldman Sachs analyst Ati Modak maintains MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) with a Buy and lowers the price target from $182 to $124.

Goldman Sachs Maintains Buy on MYR Group, Lowers Price Target to $124

Investors in MYR Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/myrg#NASDAQ">MYRG</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $125 Call had some of the highest implied volatility of all equity options today.
<h2>What is Implied Volatility?</h2>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h2>What do the Analysts Think?</h2>
Clearly, options traders are pricing in a big move for MYR Group shares, but what is the fundamental picture for the company? Currently, MYR Group is a Zacks Rank #5 (Strong Buy) in the Electric Construction industry that ranks in the Bottom 1% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised its estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.52 per share to 79 cents per share in that period.
Given the way analysts feel about MYR Group right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2332758/is-the-options-market-predicting-a-spike-in-myr-group-myrg-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2332758">To read this article on Zacks.com click here.</a>

Small Cap

Markets

Trading Ideas

Is the Options Market Predicting a Spike in MYR Group Stock?

Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">HighPeak Energy</h3>
<ul>
<li>The Trade: HighPeak Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) CEO Jack Hightower <a href="https://www.benzinga.com/quote/hpk/analyst-ratings">acquired a total of 132,487 shares at</a> an average price of $15.45. To acquire these shares, it cost around $2.05 million.</li>
<li>What's Happening: On Aug. 5, HighPeak Energy posted downbeat quarterly results.</li>
<li>What HighPeak Energy Does: HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in Howard County of the Midland Basin.</li>
</ul>
<h3 class="wp-block-heading">Mercury Systems</h3>
<ul>
<li>The Trade: Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) 10% owner Jana Partners Management, LP acquired a total of 13,600 shares at an average price of $37.25. To acquire these shares, it cost around $506,600.</li>
<li>What's Happening: On Aug. 19, Alembic Global analyst Peter Skibitski upgraded Mercury Systems from Neutral to Overweight.</li>
<li>What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.</li>
</ul>
<h3 class="wp-block-heading">MYR Group</h3>
<ul>
<li>The Trade: MYR Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) Director Bradley Thede Favreau <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,005 shares</a> at an average price of $99.70. To acquire these shares, it cost around $100,199.</li>
<li>What's Happening: On July 31, MYR Group reported worse-than-expected quarterly financial results.</li>
<li>What MYR Group Does: MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/08/40624754/top-2-materials-stocks-that-are-ticking-portfolio-bombs">Top 2 Materials Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>

Long Ideas

Insider Trades

Pre-Market Outlook

MRCY

Around $2M Bet On HighPeak Energy? Check Out These 3 Stocks Executives Are Buying

Stifel analyst Brian Brophy maintains MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) with a Buy and lowers the price target from $172 to $119.

Stifel Maintains Buy on MYR Group, Lowers Price Target to $119

ALTG

ARIS

ARRY

ASLE

ATKR

AXON

CAAP

CAPT

CARR

CDLR

CHRW

CMPR

CNTM

DRVN

Embraer-Empresa Brasileira De Aeronautica

EVEX

EXPD

FLNC

FTAI

FWRD

GWAV

HUBB

HYLN

HYZN

LICN

NCNC

NKLA

PRIM

REZI

ROCK

RUSHA

RUSHB

SHLS

STAF

TFII

TOMZ

TPIC

ULCC

WLFC

XPON

Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

MYR Group shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, Baird maintained an Outperform rating on the stock but lowered its price target from $170 to $143.

Baird analyst Justin Hauke maintains MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) with a Outperform and lowers the price target from $170 to $143.

Baird Maintains Outperform on MYR Group, Lowers Price Target to $143

MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) reported quarterly losses of $(0.91) per share which missed the analyst consensus estimate of $1.13 by 180.53 percent. The company reported quarterly sales of $828.890 million which missed the analyst consensus estimate of $876.070 million by 5.39 percent. This is a 6.72 percent decrease over sales of $888.616 million the same period last year.

MYR Group Q2 2024 GAAP EPS $(0.91) Misses $1.13 Estimate, Sales $828.890M Miss $876.070M Estimate

AMRC

BBCP

BECN

FBIN

FLUX

GTEC

HOVR

IESC

LGCL

LNZA

MNTS

PDYN

SITE

SPLP

TGLS

VSTE

WFCF

Shares of companies within the broader industrial sector are trading higher following recent CPI data.

Buybacks

MYR Group Announces $75M Share Repurchase Program

Ratings for MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated MYR Group and provided 12-month price targets. The average target is $178.5, accompanied by a high estimate of $185.00 and a low estimate of $165.00. Observing a 1.56% increase, the current average has risen from the previous average price target of $175.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1714676446_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of MYR Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Justin Hauke</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$184.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Stanley Elliott</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Brian Russo</td>
<td>Sidoti &amp; Co.</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$165.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MYR Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MYR Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of MYR Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into MYR Group's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MYRG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MYR Group analyst ratings.</a>
<h2>Discovering MYR Group: A Closer Look</h2>
MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.
<h3>A Deep Dive into MYR Group's Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining MYR Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.23% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: MYR Group's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.39%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): MYR Group's ROE excels beyond industry benchmarks, reaching 3.77%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MYR Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.53%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MYR Group's debt-to-equity ratio is below the industry average. With a ratio of 0.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On MYR Group

MYR Group shares are trading lower after the company reported worse-than-expected Q1 financial results. Also, Baird maintained an Outperform rating on the stock and lowered its price target from $185 to $180.

Baird analyst Justin Hauke maintains MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) with a Outperform and lowers the price target from $185 to $180.

Baird Maintains Outperform on MYR Group, Lowers Price Target to $180

MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) reported quarterly earnings of $1.12 per share which missed the analyst consensus estimate of $1.19 by 5.88 percent. This is a 18.84 percent decrease over earnings of $1.38 per share from the same period last year. The company reported quarterly sales of $815.562 million which missed the analyst consensus estimate of $854.134 million by 4.52 percent. This is a 0.49 percent increase over sales of $811.616 million the same period last year.

MYR Group Q1 2024 GAAP EPS $1.12 Misses $1.19 Estimate, Sales $815.562M Miss $854.134M Estimate

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. 
In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge <a href="https://www.benzinga.com/topic/artificial-intelligence">in U.S. power demand. </a>
The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers&#8217; share of total US power demand to 8% by 2030, up from the current level of approximately 3%.
The &#8220;U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,&#8221; Goldman Sachs highlights. 
Analysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030. This demand is anticipated to be met by approximately 60% gas and 40% renewable sources. 
The projection suggests that this trend will drive approximately $50 billion in capital investment in U.S. power generation capacity by 2030.
Goldman Sachs has pinpointed 16 stocks rated as &#8220;buy&#8221; across various sectors, including Utility, Clean Technology, Midstream, Energy Services, Industrials, and Industrial Tech. 
The highlighted stocks are as follows:
<h3 class="wp-block-heading">Power Demand Growth Beneficiaries</h3>
<ul>
<li>Vertiv Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NASDAQ">VRT</a>): Solid market presence in thermal cooling and power management offerings.</li>
<li>NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): Renewable sector strategically positioned for AI data loads and available interconnection queues.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>): Provider of clean energy storage solutions for data centers&#8217; backup power needs.</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>): Beneficiary of rising nuclear power capacity as a uranium producer and nuclear fuel supplier.</li>
<li>Fluence Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>): Natural gas producer poised to capitalize on heightened demand resulting from electric load expansion.</li>
</ul>
<h3 class="wp-block-heading">Power Generation Capacity Additions</h3>
<ul>
<li>Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>): Regulated utility exposed to power generation needs to support data center growth in Midwest Independent Transmission System Operator. </li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>): Primary manufacturer and supplier of solar panels for utility-scale solar farms across the United States.</li>
<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>): Regionally positioned regulated utility poised to meet the escalating demand from data centers through strategic investment in generation.</li>
<li>GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>): Positioned to profit from sustained growth trends as a supplier of power generation assets.</li>
</ul>
<h3 class="wp-block-heading">Power Infrastructure Investment Needs</h3>
<ul>
<li>Quanta Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>): Specialty contractor specializing in utilities construction, poised to reap rewards from increased electricity demand.</li>
<li>MYR Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>): Involved in data centers through transmission and distribution (T&amp;D) projects, establishing prominence as a key player in electrical contracting.</li>
<li>DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>): Utility allocating substantial capital expenditure on T&amp;D infrastructure to bolster the expansion of data centers in Texas.</li>
<li>Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>): The leading operator of natural gas pipelines in the United States, set to profit from the rising demand for gas-fired generation.</li>
</ul>
<h3 class="wp-block-heading">Industrial Supply Chain Beneficiaries</h3>
<ul>
<li>Eaton Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>): Manufacturer of electrical components poised to capitalize on the sustained increase in power demand.</li>
<li>nVent Electric plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>): Key player in liquid cooling technology, forecasting double-digit business growth within the Data Solutions sector.</li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>): Construction equipment company capable of supplying generator sets to data centers for backup power needs.</li>
</ul>
AI Data Centers&#8217; Demand Set To Triple By 2030: After experiencing relatively flat growth from 2015 to 2019, Goldman Sachs anticipates that power demand from data centers will more than triple by 2030 compared to 2020 levels. 
According to analyst estimates, there is an upside scenario where demand could more than double the base case, influenced partly by improvements in product efficiencies and increased demand for AI-related technologies.
&#8220;There could be meaningful upside to our base case if appetite for purchase and utilization of servers is unconstrained,&#8221; Davenport stated. 
&#8220;There could be downside to our base case if power efficiency is higher than expected or if power/compute speed efficiencies lead to fewer servers purchased than expected,&#8221; the analyst added. 
Read now:<a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch"> Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch</a>
Image generated using artificial intelligence via Midjourney.

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AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend

TimesSquare U.S. Small Cap Growth Strategy Q3 2024 Commentary

MYR Group Is A Company For Our Times, But It's Not Now Time For The Stock

In a report released on October 11, Brian Brophy from Stifel Nicolaus maintained a Buy rating on MYR Group (MYRG – Research Report), with a price t...

Stifel Nicolaus Sticks to Its Buy Rating for MYR Group (MYRG)

Third Avenue Small Cap Value Fund Q3 2024 Commentary

Granite Construction: Still Cruising Higher

Reports Q3 revenue $888.043M, consensus $917.18M. Rick Swartz, MYR's President and CEO, said, "Our core markets remain active, and bidding activity...

MYR Group reports Q3 EPS 65c, consensus 35c

MYR Non-GAAP EPS of $0.65 beats by $0.25, revenue of $888M misses by $29.18M

In a report released today, Brian Brophy from Stifel Nicolaus maintained a Buy rating on MYR Group (MYRG – Research Report), with a price target of...

MYR Group (MYRG) Gets a Buy from Stifel Nicolaus

MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript

In a report released today, Sangita Jain from KeyBanc maintained a Hold rating on MYR Group (MYRG – Research Report). The company's shares closed y...

KeyBanc Sticks to Their Hold Rating for MYR Group (MYRG)

ADUS

BOOT

CERT

CWAN

EIPAF

EWCZ

FORM

FROG

INSM

ITIC

KALU

LOAR

MODG

MTDR

PCVX

ROAD

SBSI

STRL

UMBF

WASH

Press Releases

MYR Group Inc. to Attend Stifel Cross Sector Insight Investor Conference in June

MYR Group Inc. to Attend Wells Fargo Industrials Investor Conference in June

MYR Group Inc. to Participate in Sidoti Small Cap Investor Conference in June

MYR Group Inc. Announces Second-Quarter 2024 Earnings Release and Conference Call Schedule

MYR Group Inc. Announces Second-Quarter and First-Half 2024 Results

MYR Group Inc. to Attend Baird Global Industrial Investor Conference in November

MYR Group Inc. Announces Third-Quarter 2024 Earnings Release and Conference Call Schedule

MYR Group Inc. to Attend Stephens Annual Investment Conference in November

Pitney Bowes Appoints Lance Rosenzweig as Permanent CEO and Strengthens Board of Directors

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