MYR Group Inc. (MYRG) is down 7.1% today. Here is some analysis on what might have caused this price movement.
Analysis: There does not appear to be a fresh company-specific negative filing or earnings warning tied to today’s drop. The move may reflect investor caution around MYR Group’s planned $328 million acquisition of Valley Electric and Comet Electric, which is expected to be funded with cash and borrowings, along with some pressure from recently disclosed insider sales after a strong operating quarter.
Details:
In its April 29 earnings release, the company reported first-quarter 2026 revenue of $1.00 billion, record quarterly net income of $46.8 million, and record backlog of $2.84 billion.On May 27, the company announced a definitive agreement to acquire Valley Electric and Comet Electric for about $328.0 million, with funding expected from cash on hand and its revolving credit facility.A June SEC Form 4 showed director Kenneth Hartwick sold 3,500 shares on June 3 at $450.50 per share.Another June SEC Form 4 showed director Donald C.I. Lucky sold shares on June 3 in multiple transactions, ending with 5,579 shares directly owned.Sources:
MYR Group, SEC, SEC
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$MYRG Insider Trading Activity
$MYRG insiders have traded $MYRG stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $MYRG stock by insiders over the last 6 months:
- DONALD C.I. LUCKY has made 0 purchases and 4 sales selling 14,675 shares for an estimated $6,596,801.
- KENNETH MICHAEL HARTWICK sold 3,500 shares for an estimated $1,576,750
- SHIRIN O'CONNOR has made 0 purchases and 8 sales selling 3,159 shares for an estimated $1,412,680.
- KELLY MICHELLE HUNTINGTON (Senior VP and CFO) has made 0 purchases and 5 sales selling 2,000 shares for an estimated $915,315.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Quiver Alerts
Receive MYRG Data Alerts
Get market-moving data, filings, and signals for MYRG in real time.
Sign Up
$MYRG Hedge Fund Activity
We have seen 193 institutional investors add shares of $MYRG stock to their portfolio, and 135 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 376,965 shares (-36.9%) from their portfolio in Q1 2026, for an estimated $106,424,758
- POINT72 ASSET MANAGEMENT, L.P. removed 146,976 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $41,494,264
- AMERICAN CENTURY COMPANIES INC added 136,880 shares (+216.8%) to their portfolio in Q1 2026, for an estimated $38,643,961
- PRINCIPAL FINANCIAL GROUP INC removed 83,190 shares (-21.4%) from their portfolio in Q1 2026, for an estimated $23,486,200
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 69,532 shares (+220.5%) to their portfolio in Q1 2026, for an estimated $19,630,274
- UBS GROUP AG added 68,722 shares (+126.8%) to their portfolio in Q1 2026, for an estimated $19,401,595
- PRICE T ROWE ASSOCIATES INC /MD/ added 66,339 shares (+453.3%) to their portfolio in Q1 2026, for an estimated $18,728,826
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MYRG Government Contracts
We have seen $201,699 of award payments to $MYRG over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
$MYRG Price Targets
Multiple analysts have issued price targets for $MYRG recently. We have seen 5 analysts offer price targets for $MYRG in the last 6 months, with a median target of $311.0.
Here are some recent targets:
- Manish A. Somaiya from Cantor Fitzgerald set a target price of $564.0 on 05/11/2026
- Tim Moore from Clear Street set a target price of $350.0 on 04/17/2026
- Ati Modak from Goldman Sachs set a target price of $296.0 on 03/03/2026
- Brian Brophy from Stifel set a target price of $305.0 on 03/03/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »
View the Zacks #1 Rank List
MYR Group Falls 7.1% as Investors Weigh Acquisition Financing and Recent Insider Sales
MYR Group Inc. (MYRG) is down 7.1% today. Here is some analysis on what might have caused this price movement.
Analysis: There does not appear to be a fresh company-specific negative filing or earnings warning tied to today’s drop. The move may reflect investor caution around MYR Group’s planned $328 million acquisition of Valley Electric and Comet Electric, which is expected to be funded with cash and borrowings, along with some pressure from recently disclosed insider sales after a strong operating quarter.
Details:
Sources:
MYR Group, SEC, SEC
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$MYRG Insider Trading Activity
$MYRG insiders have traded $MYRG stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $MYRG stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MYRG Hedge Fund Activity
We have seen 193 institutional investors add shares of $MYRG stock to their portfolio, and 135 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MYRG Government Contracts
We have seen $201,699 of award payments to $MYRG over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
$MYRG Price Targets
Multiple analysts have issued price targets for $MYRG recently. We have seen 5 analysts offer price targets for $MYRG in the last 6 months, with a median target of $311.0.
Here are some recent targets:
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »