Campbell Newman Asset Management 13F: New $1.9M Stake in MYRG

Campbell Newman Asset Management opened a new position in MYR Group Inc. MYRG, purchasing 6,594 shares worth about $1.93 million. According to a Form 13F filing on October 22, 2026, the fund initiated the stake during the period.

MYRG MYR Group Inc.

$254.97 ▲ +12.46% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's MYR Group Inc. Position

Campbell Newman Asset Management built a brand-new stake in the engineering firm by acquiring 6,594 shares. The newly established position carried a reported value of $1,928,481 as of the filing date. MYR Group Inc. closed at $254.97 on October 22, 2026.

Other Institutional Activity in MYR Group Inc.

Other large investors adjusted their positions in the company as well. Driehaus Capital Management grew its holdings by 9,530 shares, ending with 238,185 shares worth about $119.19 million. Fisher Asset Management, LLC reduced its stake by 46,852 shares, leaving it with 474,309 shares valued at $120.93 million. Massachusetts Financial Services Co. raised its position by 49,809 shares to hold 323,186 shares worth $82.40 million. American Century Companies Inc lifted its holdings by 122,592 shares, bringing its total to 322,612 shares valued at $82.26 million.

MYR Group Inc. Stock Down 7.2%

MYR Group Inc. MYRG recently traded around $254.91 as of October 23, 2026, remaining about equal to its $254.97 close on the filing date. The stock sits below its 50-day moving average of $297.90 and well under its 200-day moving average of $334.17. Shares have experienced a wide trading band over the past year, reaching a 52-week high of $503.57 and a low of $199.13. The current price sits roughly 49.4% below the peak while remaining about 28.0% above the floor. The company has a market capitalization of roughly $4.28 billion, a price-to-earnings ratio of 26.14, and a forward price-to-earnings ratio of 19.06.

Recent Earnings

MYR Group Inc. reported trailing-twelve-month revenue of $4.01 billion alongside earnings of $10.53 per share. The business posted a net profit margin of 4.1% and a return on equity of 24.7%, with year-over-year revenue growth reaching 20.1%. The company scheduled its next earnings release for October 28, 2026.

Dividend

MYR Group Inc. currently maintains a dividend payout ratio of 0.0% and a dividend yield of 0.0%, reflecting no active distribution of cash dividends to common shareholders.

Insider Buying and Selling at MYR Group Inc.

Director Shirin O'Connor disposed of 3,159 shares valued at $1.41 million on June 1, 2026. Chief Financial Officer Kelly Michelle Huntington sold 2,000 shares worth $915,315 on the same day. Director Kenneth Michael Hartwick parted with 3,500 shares at an average price of $450.50 for a total of $1.58 million on June 3, 2026. Director Donald C. I. Lucky sold 14,675 shares worth $6.60 million on June 3, 2026.

Analysts Set New Price Targets

Goldman Sachs maintained its neutral rating on the stock while lowering its price target from $469.00 to $422.00 on August 13, 2026. Jefferies upgraded the stock to a buy rating while lowering its target from $377.00 to $370.00 on October 6, 2026. Stifel maintained a buy rating while reducing its target from $445.00 to $393.00 on October 8, 2026. The stock currently holds a consensus buy recommendation from analysts, with a mean price target of $400.20.

About MYR Group Inc.

MYR Group Inc. operates through subsidiaries to provide specialized electrical construction services across the United States and Canada. The company services utility networks, commercial builders, and industrial clients through its transmission, distribution, commercial, and industrial segments.

Bottom Line

Investors will look to the upcoming earnings report on October 28, 2026, for updated guidance on project execution and market demand. Monitoring subsequent institutional filings will show whether other asset managers follow Campbell Newman in taking fresh positions in the stock.