MYR Group (MYRG) and Its Competitors Critical Comparison

MYR Group (NASDAQ:MYRG) is one of 190 public companies in the “Construction & Engineering” industry, but how does it compare to its competitors? We will compare MYR Group to similar businesses based on the strength of its institutional ownership, risk, earnings, profitability, analyst recommendations, dividends and valuation.

Valuation & Earnings

This table compares MYR Group and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
MYR Group	$3.66 billion	$118.42 million	32.40
MYR Group Competitors	$10.56 billion	$451.89 million	-5,961.60

MYR Group’s competitors have higher revenue and earnings than MYR Group. MYR Group is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for MYR Group and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
MYR Group	0	5	3	1	2.56
MYR Group Competitors	796	3334	7114	334	2.60

MYR Group currently has a consensus price target of $426.00, indicating a potential upside of 24.75%. As a group, “Construction & Engineering” companies have a potential upside of 23.96%. Given MYR Group’s higher possible upside, research analysts plainly believe MYR Group is more favorable than its competitors.

Profitability

This table compares MYR Group and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
MYR Group	4.13%	24.17%	9.96%
MYR Group Competitors	-7.56%	11.39%	4.23%

Institutional and Insider Ownership

88.9% of MYR Group shares are held by institutional investors. Comparatively, 48.9% of shares of all “Construction & Engineering” companies are held by institutional investors. 1.9% of MYR Group shares are held by company insiders. Comparatively, 20.5% of shares of all “Construction & Engineering” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Risk and Volatility

MYR Group has a beta of 1.34, indicating that its share price is 34% more volatile than the S&P 500. Comparatively, MYR Group’s competitors have a beta of 1.64, indicating that their average share price is 64% more volatile than the S&P 500.

Summary

MYR Group beats its competitors on 7 of the 13 factors compared.

About MYR Group

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.