Financial Comparison: MYR Group (MYRG) & The Competition

MYR Group (NASDAQ:MYRG) is one of 191 public companies in the “Construction & Engineering” industry, but how does it contrast to its competitors? We will compare MYR Group to similar companies based on the strength of its risk, institutional ownership, analyst recommendations, dividends, earnings, profitability and valuation.

Insider and Institutional Ownership

88.9% of MYR Group shares are owned by institutional investors. Comparatively, 48.3% of shares of all “Construction & Engineering” companies are owned by institutional investors. 1.9% of MYR Group shares are owned by insiders. Comparatively, 20.8% of shares of all “Construction & Engineering” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current recommendations for MYR Group and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
MYR Group	0	3	3	2	2.88
MYR Group Competitors	820	3376	7189	346	2.60

MYR Group presently has a consensus price target of $451.20, suggesting a potential upside of 48.58%. As a group, “Construction & Engineering” companies have a potential upside of 34.94%. Given MYR Group’s stronger consensus rating and higher possible upside, 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	-3.96%	10.85%	4.21%

Risk and Volatility

MYR Group has a beta of 1.34, meaning that its stock price is 34% more volatile than the S&P 500. Comparatively, MYR Group’s competitors have a beta of 1.65, meaning that their average stock price is 65% more volatile than the S&P 500.

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	28.81
MYR Group Competitors	$9.42 billion	$447.61 million	-5,853.93

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.

Summary

MYR Group beats its competitors on 8 of the 13 factors compared.

MYR Group Company Profile

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.