William Patterson - MYR Independent Director

MYRG Stock  USD 168.16  2.10  1.26%   

Director

Mr. William D. Patterson serves as an Independent Director of MYR Group Inc. Mr. Patterson provided advisory and consulting services to utilities through EnSTAR Management Corporationrationration, a company that he founded. In 2010, Mr. Patterson retired from American Water Works Company Inc., the largest investorowned U.S. water and wastewater utility company. From 2009 until his retirement in 2010, Mr. Patterson served as Senior Vice President of Corporationrationrate and Business Development for American Water Works. From 2005 to 2008, Mr. Patterson served as Senior Vice President and Chief Financial Officer of Pennichuck Corporationrationration, an investorowned water utility holding company. From 2003 to 2005, he served as an executive advisor to Concentric Energy Advisors, a private firm located in Marlborough, Massachusetts, providing financial advisory and consulting services for utilities. His experience also includes nearly 20 years of work within the investment banking industry, serving in senior positions at E.F. Hutton, Shearson Lehman and Smith Barney, where he was managing director and cohead of the corporate finance departments regulated utilities practice since 2007.
Age 63
Tenure 17 years
Professional MarksMBA
Address 12121 Grant Street, Thornton, CO, United States, 80241
Phone303 286 8000
Webhttps://www.myrgroup.com
Patterson earned his BS degree in civil engineering from Princeton University, graduating summa cum laude. He earned his MBA degree in finance and accounting from the University of Chicago Booth School of Business.

William Patterson Latest Insider Activity

Tracking and analyzing the buying and selling activities of William Patterson against MYR stock is an integral part of due diligence when investing in MYR. William Patterson insider activity provides valuable insight into whether MYR is net buyers or sellers over its current business cycle. Note, MYR insiders must abide by specific rules, including filing SEC forms every time they buy or sell MYR'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

MYR Management Efficiency

The company has return on total asset (ROA) of 0.0524 % which means that it generated a profit of $0.0524 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1502 %, meaning that it created $0.1502 on every $100 dollars invested by stockholders. MYR's management efficiency ratios could be used to measure how well MYR manages its routine affairs as well as how well it operates its assets and liabilities. At this time, MYR's Return On Equity is most likely to increase slightly in the upcoming years. At this time, MYR's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The MYR's current Other Current Assets is estimated to increase to about 48.9 M, while Net Tangible Assets are projected to decrease to roughly 285.6 M.
The company currently holds 73.61 M in liabilities with Debt to Equity (D/E) ratio of 0.23, which may suggest the company is not taking enough advantage from borrowing. MYR Group has a current ratio of 1.4, which is within standard range for the sector. Debt can assist MYR until it has trouble settling it off, either with new capital or with free cash flow. So, MYR's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like MYR Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MYR to invest in growth at high rates of return. When we think about MYR's use of debt, we should always consider it together with cash and equity.

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MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company was founded in 1891 and is headquartered in Henderson, Colorado. MYR operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 7600 people. MYR Group (MYRG) is traded on NASDAQ Exchange in USA. It is located in 12121 Grant Street, Thornton, CO, United States, 80241 and employs 9,000 people. MYR is listed under Construction & Engineering category by Fama And French industry classification.

Management Performance

MYR Group Leadership Team

Elected by the shareholders, the MYR's board of directors comprises two types of representatives: MYR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MYR. The board's role is to monitor MYR's management team and ensure that shareholders' interests are well served. MYR's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MYR's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenneth Hartwick, Director
Gerald Engen, Chief Legal Officer, Sr. VP and Secretary
Arnaud Ajdler, Director
D Lamont, ES Co
Jennifer Harper, VP Treasurer
Kristine Walczak, IR Contact Officer
John Schauerman, Director
Steven Watts, I Contractors
Jeffrey Waneka, Senior Vice President COO - C&I
Kelly CFA, Senior CFO
Tod Cooper, Senior Vice President East
William Koertner, Chairman, CEO and Pres
William Green, Sr. VP
Brian Stern, Senior Distribution
Jack Alexander, Independent Director
William Patterson, Independent Director
Maurice Moore, Independent Director
Henry Fayne, Independent Director
James Barrett, Vice Resources
Jennifer Lowry, Director
William Fry, Vice President Chief Legal Officer and Corporate Secretary
Gary Johnson, Lead Independent Director
Richard Swartz, COO and Sr. VP
Bradley Favreau, Director
Don Egan, Senior Industrial
Larry Altenbaumer, Independent Director
Betty Johnson, CFO, Principal Accounting Officer, Sr. VP and Treasurer
R Thomson, Inc Construction
Philip Kranz, IR Contact Officer
Donald Lucky, Director

MYR Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is MYR a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether MYR Group is a strong investment it is important to analyze MYR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running MYR's price analysis, check to measure MYR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MYR is operating at the current time. Most of MYR's value examination focuses on studying past and present price action to predict the probability of MYR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MYR's price. Additionally, you may evaluate how the addition of MYR to your portfolios can decrease your overall portfolio volatility.
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Is MYR's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MYR. If investors know MYR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MYR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.03)
Earnings Share
5.4
Revenue Per Share
218.433
Quarterly Revenue Growth
0.162
Return On Assets
0.0524
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MYR's market value can be influenced by many factors that don't directly affect MYR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.