MYR Group Inc. (MYRG) — RQD Stock Rating Cockpit

The Roarable RQD rating is 68 (letter grade C+), with the verdict "Roarable Hold — Upper Neutral / Watch for Breakout." Across the five pillars, the fundamental cash engine scores 18 of 20 (ROIC 23.3%; FCF yield 5.27%), the forensic balance sheet scores 18 of 20 (Altman Z 5.87; Piotroski F 8/9; Debt/Equity 0.08), and insider conviction scores 16 of 20 (SEC Form 4 and Congressional PTR cluster flow). Whale/13F flow scores 8 of 20 (institutional accumulation and options positioning), and macro regime fit scores 8 of 20 (Beta 1.01; sector sensitivity).

For a prospective investor, the profile is strongest where the financial statements are strongest: high return on invested capital, a strong free-cash-flow yield, and a low-leverage balance sheet. The weaker pillars are institutional positioning and macro fit, which the rating treats as the main reasons for a neutral rather than constructive verdict. Valuation is a central tradeoff: the stock trades at a P/E (TTM) of 37.2 and a forward P/E of 34.6, so upside depends on earnings continuing to grow into that multiple. The 52-week range of $199.31 to $503.57 shows the shares have been highly volatile, and the price of 283 sits well inside that range. The source data does not state any price target, so the rating's "Watch for Breakout" language is not tied to a quantified level in the provided material.

Margins per the market data are gross 11.6%, operating 4.6%, and net 3.2%. Per the Roarable RQD rating, ROIC is 23.3%, and the forensic balance sheet pillar cites an Altman Z-Score of 5.87 and a Piotroski F-Score of 8/9 with Debt/Equity of 0.08. Reported debt declined from $1023.2M in FY 2023 to $54.5M in FY 2025, and cash rose to $150.2M in FY 2025 from $3.5M in FY 2024. Per the market data, the free-cash-flow yield is 5.27%.

• Catalyst (GREEN): A GREEN-flagged item reports a bullish Q3 2026 with the stock jumping 10.4%. A separate GREEN-flagged item reports MYRG beating Q3 earnings and revenue estimates.
• Risk Watch (RED): A RED-flagged item reports fair value falling as analysts cut targets despite grid demand. A second RED-flagged item reports shares falling 5.8%, with a GuruFocus GF Score of 89 cited in the headline.
• Market Wire (YELLOW): A YELLOW-flagged item describes the stock as possibly 40% below fair value as AI infrastructure demand builds. Another YELLOW-flagged item is a general market-action report.
• Butterfly Liquidity Signal (BEARISH, severity 84): The proprietary liquidity signal assigns a Macro Tailwind Score of 27/100 and a rolling 5-year Net Liquidity beta of 2.28x (r = +0.29). It cites a True Net Liquidity Index of $5,745.73B, a -0.64% 4-week rate of change, and a High-Yield OAS move of +2 bps. Under the signal's framing, MYRG is in the top decile of liquidity-sensitive equities, and current liquidity conditions are a headwind.

The news items conflict: several headlines point to earnings beats and a price gain, while others point to falling fair value and analyst target cuts. The source data does not resolve which view is more representative.

• What are the company's upstream suppliers, downstream customers, and revenue mix by end market?
• Why is EPS reported as N/A for all three fiscal years when net income is available, and what is the per-share earnings trajectory?
• What drove the swing from $1023.2M of reported debt in FY 2023 to $54.5M in FY 2025, and is cash generation sustainable?
• What are the current analyst price targets and consensus rating, and how do they reconcile with the reported fair-value cuts?
• What specific insider, 13F, and Congressional transactions underlie the RQD insider and whale-flow pillar scores?