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MYRG MYR

MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D); and Commercial and Industrial (C&I) segment. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Rolling Meadows, IL.

Company profile

Ticker
MYRG
Exchange
Website
CEO
Richard Swartz
Employees
Incorporated
Location
Fiscal year end
Former names
MYERS L E CO GROUP, MYR GROUP INC
SEC CIK
IRS number
363158643

MYRG stock data

(
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Calendar

2 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from MYR earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Apr 21 Koertner William A Common Stock Sell Dispose S No Yes 74.9368 1,865 139.76K 103,317
12 Apr 21 Koertner William A Common Stock Sell Dispose S No Yes 73.9792 28,135 2.08M 105,182
9 Apr 21 Richard S. Jr. Swartz Common Stock Sell Dispose S No No 75.5567 1,425 107.67K 118,586
9 Apr 21 Richard S. Jr. Swartz Common Stock Sell Dispose S No No 74.6375 3,650 272.43K 120,011
9 Apr 21 Richard S. Jr. Swartz Common Stock Sell Dispose S No No 73.9168 1,350 99.79K 123,661
9 Apr 21 Richard S. Jr. Swartz Common Stock Option exercise Aquire M No Yes 24.68 9,935 245.2K 125,011
9 Apr 21 Richard S. Jr. Swartz NQSO Common Stock Option exercise Dispose M No Yes 24.68 9,935 245.2K 0
23 Mar 21 Jeffrey J. Waneka Common Stock Payment of exercise Dispose F No No 66.38 730 48.46K 21,530
23 Mar 21 Jeffrey J. Waneka Common Stock Option exercise Aquire M No No 0 1,659 0 22,260
23 Mar 21 Jeffrey J. Waneka RSU Common Stock Grant Aquire A No No 0 3,012 0 3,012

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 176 147 +19.7%
Opened positions 36 17 +111.8%
Closed positions 7 9 -22.2%
Increased positions 44 54 -18.5%
Reduced positions 70 54 +29.6%
13F shares
Current Prev Q Change
Total value 889.88M 673.32M +32.2%
Total shares 14.8M 13.9M +6.5%
Total puts 42.6K 40.8K +4.4%
Total calls 14.1K 0 NEW
Total put/call ratio 3.0 Infinity NaN%
Largest owners
Shares Value Change
BLK Blackrock 2.83M $169.88M +3.6%
MCQEF Macquarie 1.51M $90.52M -13.7%
Dimensional Fund Advisors 1.39M $83.42M -1.1%
Vanguard 1.1M $66.14M -0.1%
IVZ Invesco 885.07K $53.19M +67.1%
Victory Capital Management 595.48K $35.79M +0.1%
STT State Street 502.58K $30.21M -2.1%
PFG Principal Financial Group Inc - Registered Shares 394.18K $23.69M +229.8%
Charles Schwab Investment Management 266.41K $16.01M +12.4%
Geode Capital Management 262.46K $15.77M +2.0%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 885.07K +355.53K +67.1%
PFG Principal Financial Group Inc - Registered Shares 394.18K +274.66K +229.8%
Frontier Capital Management 248.18K +248.18K NEW
MCQEF Macquarie 1.51M -239.52K -13.7%
Third Avenue Management 126.57K -177.36K -58.4%
C Citigroup 163.4K +157.31K +2583.0%
FHI Federated Hermes 150.58K +150.01K +26225.0%
JPM JPMorgan Chase & Co. 174.82K -144K -45.2%
Panagora Asset Management 120.58K +115.97K +2520.6%
BLK Blackrock 2.83M +98.14K +3.6%

Financial report summary

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Risks
  • Our operating results may vary significantly from period to period.
  • Our industry is highly competitive.
  • Negative economic and market conditions may adversely impact our customers’ future spending and, as a result, our operations and growth.
  • We may be unsuccessful in generating internal growth, which could impact the projects available to the Company.
  • Our inability to successfully execute or integrate acquisitions or joint ventures may have an adverse impact on our growth strategy and business.
  • Project performance issues, including those caused by third parties, or certain contractual obligations may result in additional costs to us, reductions or delays in revenues or the payment of penalties, including liquidated damages.
  • We may be unable to attract and retain qualified personnel.
  • The timing of new contracts and termination of existing contracts may result in unpredictable fluctuations in our cash flows and financial results.
  • During the ordinary course of our business, we may become subject to lawsuits or indemnity claims.
  • Backlog may not be realized or may not result in profits and may not accurately represent future revenue.
  • Our insurance has limits and exclusions that may not fully indemnify us against certain claims or losses, including claims resulting from wildfires or other natural disasters, and the unavailability or cancellation of third party insurance coverages would increase our overall risk exposure and could disrupt our operations.
  • Changes in tax laws or our interpretations of tax laws could materially impact our income tax liabilities.
  • The nature of our business exposes us to potential liability for warranty claims and faulty engineering, which may reduce our profitability.
  • Risks associated with operating in the Canadian market could restrict our ability to expand and harm our business and prospects.
  • Our dependence on suppliers, subcontractors and equipment manufacturers could expose us to the risk of loss in our operations.
  • Our participation in joint ventures and other projects with third parties may expose us to liability for failures of our partners.
  • Legislative or regulatory actions relating to electricity transmission and renewable energy may impact demand for our services.
  • We may incur liabilities and suffer negative financial or reputational impacts relating to occupational health and safety matters, including those related to environmental hazards such as wildfires and other natural disasters.
  • Our failure to comply with environmental and other laws and regulations could result in significant liabilities.
  • Our business may be affected by seasonal and other variations, including severe weather conditions and the nature of our work environment.
  • Opportunities associated with government contracts could lead to increased governmental regulation applicable to us.
  • We are subject to risks associated with climate change including financial risks and physical risks such as an increase in extreme weather events (such as floods, wildfires or hurricanes), rising sea levels and limitations on water availability and quality.
  • Our use of percentage-of-completion accounting could result in a reduction or reversal of previously recognized revenues and profits.
  • Our financial results are based upon estimates and assumptions that may differ from actual results.
  • Our actual costs may be greater than expected in performing our fixed-price and unit-price contracts.
  • An increase in the prices of certain materials and commodities used in our business could adversely affect our business.
  • We may not be able to compete for, or work on, certain projects if we are not able to obtain necessary bonds, letters of credit, bank guarantees or other financial assurances.
  • COVID-19 may have an adverse impact on our business, employees, liquidity, financial condition, results of operations and cash flows.
  • Work stoppages or other labor issues with our unionized workforce could adversely affect our business, and we may be subject to unionization attempts.
  • Multi-employer pension plan obligations related to our unionized workforce could adversely impact our earnings.
  • We rely on information, communications and data systems in our operations and we or our business partners may be subject to failures, interruptions or breaches of such systems, which could affect our operations or our competitive position, expose sensitive information or damage our reputation.
Content analysis
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