MYR Group Inc. (MYRG) Research
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.
Market snapshot
- Symbol
- MYRG
- Price
- $461.1
- Day change
- +3.76%
- Market cap
- $7.2B
- P/E ratio
- 50.49x
- 52-week range
- 165-484.71
- Sector
- Industrials
- Industry
- Engineering & Construction
- Next earnings
- in 1 month
- Analyst price target
- $412.67
Recent news
- $700 Billion and Most Investors Are Watching The Wrong Companies
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- MYR Group to acquire Valley Electric and Comet Electric for $328M
MYR Group Inc. (NASDAQ:MYRG) has agreed to acquire all outstanding capital stock of Valley Holdings Inc and its subsidiaries, including Valley Electric Company and Comet Electric, for approximately $328 million, expanding the specialty contractor's footprint in the Western US and Southern California. The Thornton, Colorado-based electric utility infrastructure and commercial construction contractor will fund the purchase through a combination of cash on hand and borrowings under its revolving credit facility, with the consideration subject to net asset and other post-closing purchase price adjustments.
- MYR Group to acquire Valley Electric and Comet Electric for $328M
MYR Group Inc. (NASDAQ:MYRG) has agreed to acquire all outstanding capital stock of Valley Holdings Inc and its subsidiaries, including Valley Electric...
Peer companies
Recent insider activity
- LUCKY DONALD C.I. — S-Sale (12123 shares) on 2026-06-03
- LUCKY DONALD C.I. — S-Sale (2410 shares) on 2026-06-03
- LUCKY DONALD C.I. — S-Sale (62 shares) on 2026-06-03
- LUCKY DONALD C.I. — S-Sale (80 shares) on 2026-06-03
- Hartwick Kenneth Michael — S-Sale (3500 shares) on 2026-06-03
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