Primoris Services’ (PRIM) Buy Rating Reaffirmed at DA Davidson

Primoris Services (NASDAQ:PRIM)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $150.00 price objective on the construction company’s stock. DA Davidson’s target price would suggest a potential downside of 4.76% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. KeyCorp upped their price objective on Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating and issued a $161.00 price objective on shares of Primoris Services in a research note on Wednesday, November 5th. Cantor Fitzgerald began coverage on shares of Primoris Services in a report on Friday, January 23rd. They issued a “neutral” rating and a $160.00 price target on the stock. Finally, Mizuho set a $129.00 price objective on Primoris Services in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.93.

Primoris Services Stock Performance

PRIM stock traded down $8.14 during trading hours on Tuesday, hitting $157.50. 823,908 shares of the stock were exchanged, compared to its average volume of 709,794. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43. 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 firm has a market capitalization of $8.51 billion, a P/E ratio of 52.88 and a beta of 1.37. The company has a 50-day simple moving average of $143.97 and a two-hundred day simple moving average of $132.69.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its position in Primoris Services by 224.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock worth $29,000 after buying an additional 148 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Primoris Services during the third quarter valued at $37,000. Harbour Investments Inc. purchased a new position in shares of Primoris Services in the 4th quarter worth $33,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Primoris Services during the 3rd quarter valued at about $37,000. Finally, McIlrath & Eck LLC boosted its holdings in Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after acquiring an additional 145 shares during the period. Institutional investors own 91.82% of the company’s stock.

Key Primoris Services News

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Q4 beat on both EPS and revenue — Primoris reported $1.08 EPS vs. the $0.95 consensus and revenue of $1.86B vs. $1.82B, with revenue up about 6.7% year‑over‑year, showing demand momentum. Primoris Services (PRIM) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Company issued FY‑2026 EPS guidance of $5.80–$6.00, giving investors forward visibility on earnings power (management is guiding to a multi‑dollar EPS range for the year).
• Neutral Sentiment: Board declared a quarterly cash dividend of $0.08 per share (record date Mar 31, payable Apr 15). The yield is small (~0.2%), so this is a shareholder‑friendly signal but not a major income catalyst. Primoris Services declares $0.08 dividend
• Negative Sentiment: Shares fell despite the beat — possible drivers of the selloff include that EPS remains below last year’s Q4 ($1.08 vs. $1.13), investors may have expected stronger upside or a higher guidance midpoint, and some profit‑taking after a strong run. Primoris surprises with strong Q4 but stock drops
• Negative Sentiment: Underlying margin is modest (net margin ~2.7%), and valuation metrics (current P/E ~48) plus a very small dividend yield leave the stock vulnerable to short‑term volatility if growth or margin progress disappoints.

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.