Primoris Services Corp. (NASDAQ:PRIM) shares dropped 0.8% on Tuesday . The stock traded as low as $19.40 and last traded at $19.58, with a volume of 279,465 shares traded. The stock had previously closed at $19.74.

PRIM has been the topic of several recent research reports. Avondale Partners reiterated an “outperform” rating on shares of Primoris Services Corp. in a research report on Thursday, April 21st. Zacks Investment Research upgraded Primoris Services Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Seaport Global Securities restated a “neutral” rating on shares of Primoris Services Corp. in a research report on Thursday, May 12th. Finally, Canaccord Genuity assumed coverage on Primoris Services Corp. in a research report on Monday, April 11th. They issued a “hold” rating and a $24.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.80.

The firm has a market cap of $1.01 billion and a price-to-earnings ratio of 26.85. The firm’s 50 day moving average is $20.01 and its 200-day moving average is $21.38.

Primoris Services Corp. (NASDAQ:PRIM) last issued its earnings results on Thursday, May 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.01. The company earned $430.40 million during the quarter, compared to the consensus estimate of $423 million. Primoris Services Corp.’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. On average, equities research analysts predict that Primoris Services Corp. will post $1.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, June 28th.

A number of large investors recently modified their holdings of PRIM. Eagle Asset Management boosted its stake in shares of Primoris Services Corp. by 162.7% in the third quarter. Eagle Asset Management now owns 503,178 shares of the company’s stock valued at $9,010,000 after buying an additional 311,626 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Primoris Services Corp. by 23.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,248,942 shares of the company’s stock valued at $27,514,000 after buying an additional 236,496 shares in the last quarter. US Bancorp DE boosted its stake in shares of Primoris Services Corp. by 19.0% in the fourth quarter. US Bancorp DE now owns 45,946 shares of the company’s stock valued at $1,012,000 after buying an additional 7,321 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Primoris Services Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 71,876 shares of the company’s stock valued at $1,583,000 after buying an additional 1,255 shares in the last quarter.

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment.

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