Primoris Services (NASDAQ:PRIM) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Primoris Services (NASDAQ:PRIM) issued its earnings results on Monday. The construction company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.95 by $0.13, Briefing.com reports. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. Primoris Services updated its FY 2026 guidance to 5.800-6.000 EPS.

Primoris Services Stock Down 2.0%

NASDAQ PRIM traded down $3.35 during trading on Monday, reaching $166.01. The company’s stock had a trading volume of 677,077 shares, compared to its average volume of 713,382. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.97 billion, a PE ratio of 54.97 and a beta of 1.37. Primoris Services has a 1-year low of $49.10 and a 1-year high of $174.43. The business has a 50-day moving average price of $143.97 and a 200-day moving average price of $132.69.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PRIM. Mizuho set a $129.00 target price on Primoris Services in a research report on Tuesday, October 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $143.00 target price (down from $145.00) on shares of Primoris Services in a report on Monday, December 8th. Cantor Fitzgerald began coverage on shares of Primoris Services in a report on Friday, January 23rd. They set a “neutral” rating and a $160.00 price objective on the stock. Guggenheim raised shares of Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Tuesday, January 13th. Finally, KeyCorp boosted their target price on Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and an average target price of $144.93.

Insider Buying and Selling at Primoris Services

In related news, Director Carla S. Mashinski sold 2,082 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the sale, the director directly owned 74,466 shares in the company, valued at approximately $10,127,376. The trade was a 9.50% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Primoris Services

Several large investors have recently modified their holdings of PRIM. State Street Corp boosted its holdings in Primoris Services by 56.8% in the 4th quarter. State Street Corp now owns 2,011,488 shares of the construction company’s stock valued at $249,866,000 after purchasing an additional 728,646 shares during the period. First Trust Advisors LP raised its holdings in Primoris Services by 12.1% in the 4th quarter. First Trust Advisors LP now owns 1,958,008 shares of the construction company’s stock valued at $243,067,000 after buying an additional 211,096 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Primoris Services by 163.0% during the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the construction company’s stock worth $216,774,000 after purchasing an additional 1,082,218 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Primoris Services by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,894 shares of the construction company’s stock valued at $88,250,000 after buying an additional 10,708 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Primoris Services by 38.3% during the fourth quarter. JPMorgan Chase & Co. now owns 672,192 shares of the construction company’s stock worth $83,446,000 after buying an additional 185,992 shares during the period. 91.82% of the stock is owned by institutional investors.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.