Increased Demand Lifted MYR Group (MYRG) in Q2

Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Small-Cap Value Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 6.53% compared to -4.74% for the MSCI USA Small-Cap Value Index (the “Index”) and 4.96% return for the Russell 2000 Value Index. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its second-quarter 2025 investor letter, Third Avenue Small-Cap Value Fund highlighted stocks such as MYR Group Inc. (NASDAQ:MYRG). MYR Group Inc. (NASDAQ:MYRG) is an electrical construction services provider that operates through Transmission and Distribution, and Commercial and Industrial segments. The one-month return of MYR Group Inc. (NASDAQ:MYRG) was 1.08%, and its shares gained 85.31% of their value over the last 52 weeks. On August 7, 2025, MYR Group Inc. (NASDAQ:MYRG) stock closed at $185.64 per share, with a market capitalization of $2.882 billion.

Third Avenue Small-Cap Value Fund stated the following regarding MYR Group Inc. (NASDAQ:MYRG) in its second quarter 2025 investor letter:

"Performance during the quarter was led by positive contributions from a wide range of businesses. The primary positive contributors to Fund performance were infrastructure engineering company, MYR Group Inc. (NASDAQ:MYRG), which continued to take advantage of strong growth in demand for energy infrastructure related to data center construction."

MYR Group Inc. (NASDAQ:MYRG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held MYR Group Inc. (NASDAQ:MYRG) at the end of the first quarter, which was 31 in the previous quarter. In Q2 2025, MYR Group Inc. (NASDAQ:MYRG) reported revenue of $900 million, up 8.6% from Q2 2024. While we acknowledge the potential of MYR Group Inc. (NASDAQ:MYRG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered MYR Group Inc. (NASDAQ:MYRG) and shared Artisan Small Cap Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.