Primoris Services Corp. (NASDAQ:PRIM) shares fell 2% on Friday . The stock traded as low as $17.95 and last traded at $17.97, with a volume of 100,477 shares changing hands. The stock had previously closed at $18.33.

Several research firms have recently weighed in on PRIM. Avondale Partners reissued an “outperform” rating on shares of Primoris Services Corp. in a report on Thursday, April 21st. Canaccord Genuity initiated coverage on shares of Primoris Services Corp. in a report on Monday, April 11th. They set a “hold” rating and a $24.00 target price for the company. Zacks Investment Research raised shares of Primoris Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Primoris Services Corp. in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Primoris Services Corp. currently has a consensus rating of “Hold” and an average target price of $25.00.

The company’s 50 day moving average price is $19.51 and its 200 day moving average price is $21.23. The firm has a market capitalization of $935.00 million and a price-to-earnings ratio of 24.74.

Primoris Services Corp. (NASDAQ:PRIM) last posted its earnings results on Thursday, May 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $423 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts predict that Primoris Services Corp. will post $1.15 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, June 28th.

Several hedge funds have recently added to or reduced their stakes in PRIM. US Bancorp DE boosted its stake in Primoris Services Corp. by 19.0% in the fourth quarter. US Bancorp DE now owns 45,946 shares of the company’s stock worth $1,012,000 after buying an additional 7,321 shares in the last quarter. California State Teachers Retirement System boosted its stake in 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 worth $1,583,000 after buying an additional 1,255 shares in the last quarter. Eagle Asset Management boosted its stake in Primoris Services Corp. by 162.7% in the third quarter. Eagle Asset Management now owns 503,178 shares of the company’s stock worth $9,010,000 after buying an additional 311,626 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in 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 worth $27,514,000 after buying an additional 236,496 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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