<div id="readability-page-1"><p>Congress Asset Management Co. lowered its holdings in  MYR Group, Inc. (NASDAQ:MYRG - Free Report) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,148 shares of the utilities provider's stock after selling 7,979 shares during the period. Congress Asset Management Co. owned about 0.47% of MYR Group worth $15,217,000 at the end of the most recent reporting period.</p><ul><li>Construction activity suddenly booming, 3 stocks you can't miss</li></ul><p>Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Maseco LLP acquired a new position in  MYR Group in the second quarter worth approximately $28,000.  MAI Capital Management boosted its stake in shares of  MYR Group by 44.8% during the 2nd quarter. MAI Capital Management now owns 181 shares of the utilities provider's stock worth $33,000 after acquiring an additional 56 shares in the last quarter.  Elevation Point Wealth Partners LLC acquired a new position in shares of  MYR Group in the 2nd quarter worth $34,000.  BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of  MYR Group in the 2nd quarter worth $34,000.  Finally, UMB Bank n.a. raised its position in shares of  MYR Group by 266.0% during the second quarter. UMB Bank n.a. now owns 194 shares of the utilities provider's stock worth $35,000 after purchasing an additional 141 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds. </p><h2>Analyst Ratings Changes</h2><p>MYRG has been the subject of a number of recent analyst reports. Clear Str upgraded MYR Group to a &#34;strong-buy&#34; rating in a research report on Monday, December 15th. KeyCorp  reaffirmed a &#34;sector weight&#34; rating on shares of MYR Group in a research note on Wednesday, October 1st. Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of MYR Group in a report on Monday, December 15th. Zacks Research upgraded shares of MYR Group from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Monday, December 1st. Finally, The Goldman Sachs Group upped their price target on shares of MYR Group from $205.00 to $248.00 and gave the company a &#34;neutral&#34; rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned  a Buy rating and five have issued  a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $201.67.</p><p><b>Read Our Latest Stock Analysis on MYRG</b></p><h2>MYR Group Price Performance</h2><p>NASDAQ MYRG opened at $221.15 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 35.73 and a beta of 1.20. The company has a 50 day simple moving average of $219.72 and a 200-day simple moving average of $197.02. MYR Group, Inc. has a 52-week low of $97.72 and a 52-week high of $241.13. </p><p>MYR Group (NASDAQ:MYRG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.23. MYR Group had a net margin of 2.78% and a return on equity of 16.65%. The firm had revenue of $950.40 million for the quarter, compared to the consensus estimate of $931.72 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis.  Equities research analysts predict that  MYR Group, Inc. will post 1.16 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at MYR Group</h2><p>In related news, COO Don A. Egan sold 2,900 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $233.40, for a total transaction of $676,860.00. Following the completion of the sale, the chief operating officer directly owned 5,797 shares in the company, valued at approximately $1,353,019.80. This trade represents a 33.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Company insiders own  1.80% of the company's stock. </p><h2>MYR Group Profile</h2> (Free Report)<p>MYR Group Inc <span>NASDAQ: MYRG<span></span></span> is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.  </p><p>Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than MYR Group</li><li>I Shouldn't Be Sending You This</li><li>REVEALED: America just unlocked a $500 trillion asset</li><li>Wall Street Stock picker Names #1 Stock of 2026</li><li>They Laughed at $30. They Won’t Laugh at $70.</li><li>How Long Will $1M Last in Retirement?</li></ul><p><strong>Want to see what other hedge funds are holding MYRG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MYR Group, Inc. (NASDAQ:MYRG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVlSRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVlSRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MYR Group Right Now?</h2><p>Before you consider MYR Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MYR Group wasn't on the list.</p><p>While MYR Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MYRG

<p>Congress Asset Management Co. decreased its holdings in MYR Group, Inc. by 9.8% during the 3rd quarter, as per its latest SEC filing. The fund now owns 73,148 shares worth $15,217,000. Other institutional investors also adjusted their stakes. MYR Group's stock has a consensus rating of 'Moderate Buy' with a price target of $201.67. The company reported strong quarterly earnings, with a revenue increase of 7% year-over-year. COO Don A. Egan sold 2,900 shares recently. MYR Group is a specialty electrical contractor.</p>

MYR Group, Inc. $MYRG Position Decreased by Congress Asset Management Co.