Institutional Investors Drive MYR Stock Momentum with Major Acquisitions

MYR Group Inc. shares are gaining substantial traction, propelled by significant institutional accumulation and a record-breaking quarterly performance. The current investment thesis revolves around robust institutional confidence and strategic contract awards that promise sustained growth.

MYR delivered exceptional financial results for the second quarter of 2025, providing a fundamental catalyst for the recent rally. The company posted a record net income of $26.5 million, which translated to $1.70 per diluted share. This figure substantially outperformed analyst expectations, which had been set at $1.52 per share. Revenue reached $900.3 million, supported by an EBITDA of $55.6 million. In a notable demonstration of improved operational efficiency, the gross margin expanded year-over-year from 4.9% to 11.5%. Future revenue visibility is secured by a substantial backlog of $2.64 billion.

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