Primoris Services (NYSE:PRIM) Given New $171.00 Price Target at JPMorgan Chase & Co.

Primoris Services (NYSE:PRIM) had its price objective lifted by JPMorgan Chase & Co. from $165.00 to $171.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

PRIM has been the topic of a number of other research reports. Zacks Research lowered Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Guggenheim upped their price objective on Primoris Services from $170.00 to $184.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald set a $160.00 price objective on Primoris Services and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Wall Street Zen downgraded Primoris Services from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, DA Davidson set a $180.00 target price on Primoris Services in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $154.53.

Primoris Services Price Performance

PRIM stock opened at $151.06 on Wednesday. The firm has a fifty day simple moving average of $149.36. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43. The stock has a market cap of $8.19 billion, a P/E ratio of 30.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. Primoris Services’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.08 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Primoris Services’s dividend payout ratio (DPR) is presently 6.36%.

Hedge Funds Weigh In On Primoris Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Uncommon Cents Investing LLC lifted its holdings in shares of Primoris Services by 2.1% in the 3rd quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the company’s stock valued at $536,000 after buying an additional 80 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Primoris Services by 30.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after acquiring an additional 81 shares during the period. Assetmark Inc. raised its position in Primoris Services by 9.7% in the third quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $131,000 after acquiring an additional 84 shares in the last quarter. Covestor Ltd raised its position in Primoris Services by 13.4% in the fourth quarter. Covestor Ltd now owns 719 shares of the company’s stock worth $89,000 after acquiring an additional 85 shares in the last quarter. Finally, CWM LLC lifted its holdings in Primoris Services by 1.1% in the fourth quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Trending Headlines about Primoris Services

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

• Positive Sentiment: Primoris agreed to buy PayneCrest Electric for $422 million to boost electrical construction capabilities and increase exposure to the fast‑growing data center services market — a deal that broadens the company’s Energy and industrial/renewables integration opportunities. Business Wire: PayneCrest acquisition
• Positive Sentiment: Guggenheim raised its price target to $184 from $170 and reiterated a “buy” view, implying ~21.8% upside from the reference price — a clear analyst endorsement that likely amplified buying interest. Benzinga: Guggenheim price target raise
• Positive Sentiment: Analysts highlight rising backlog and secular tailwinds in power delivery, renewables and natural‑gas projects that should improve revenue visibility into 2026, supporting the growth narrative behind the stock. Zacks: Backlog growth and revenue visibility
• Positive Sentiment: Market coverage noted Primoris’ valuation in light of winning the Cormorant energy‑storage contract, reinforcing expectations for higher‑margin, growth‑oriented work. Yahoo Finance: Valuation after Cormorant contract
• Positive Sentiment: Brokerage consensus is constructive — coverage aggregation shows an average rating of “Moderate Buy,” which supports demand from institutional investors. American Banking News: Brokerages average rating
• Neutral Sentiment: JPMorgan lifted its target to $171 (about a mid‑teens upside) but kept a “neutral” rating — positive for price expectations but less bullish than a buy call, so impact is mixed. Benzinga: JPMorgan price target change

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.