Primoris Services (NASDAQ:PRIM) Issues FY 2026 Earnings Guidance

Primoris Services (NASDAQ:PRIM) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 5.800-6.000 for the period. The company issued revenue guidance of -.

Primoris Services Stock Performance

Shares of NASDAQ:PRIM traded down $3.35 on Monday, reaching $166.01. 677,077 shares of the company’s stock were exchanged, compared to its average volume of 713,382. Primoris Services has a twelve month low of $49.10 and a twelve month high of $174.43. The company has a fifty day moving average of $143.26 and a 200-day moving average of $132.31. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 54.97 and a beta of 1.37. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

PRIM has been the subject of several analyst reports. Wells Fargo & Company began coverage on Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price objective for the company. The Goldman Sachs Group upped their target price on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Cantor Fitzgerald initiated coverage on Primoris Services in a research note on Friday, January 23rd. They issued a “neutral” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $143.00 price target (down previously from $145.00) on shares of Primoris Services in a report on Monday, December 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $161.00 price objective on shares of Primoris Services in a research note on Wednesday, November 5th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

Insider Activity

In other news, Director Carla S. Mashinski sold 2,082 shares of Primoris Services 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 sale, the director directly owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John P. Schauerman sold 7,815 shares of the business’s 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 sale, the director 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 disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Primoris Services

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Primoris Services by 163.0% in the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the construction company’s stock valued at $216,774,000 after purchasing an additional 1,082,218 shares during the period. State Street Corp increased its stake in shares of Primoris Services by 56.8% in the fourth quarter. State Street Corp now owns 2,011,488 shares of the construction company’s stock valued at $249,866,000 after buying an additional 728,646 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Primoris Services by 2,856.0% during the third quarter. Balyasny Asset Management L.P. now owns 273,605 shares of the construction company’s stock worth $37,574,000 after acquiring an additional 264,349 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Primoris Services by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 538,345 shares of the construction company’s stock worth $66,830,000 after acquiring an additional 251,925 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Primoris Services by 63.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 612,154 shares of the construction company’s stock worth $75,993,000 after acquiring an additional 237,427 shares during the period. Institutional investors own 91.82% of the company’s stock.

Primoris Services Company Profile

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.