Primoris Services (NASDAQ:PRIM) Shares Gap Down – Here’s Why

Shares of Primoris Services Co. (NASDAQ:PRIM) gapped down prior to trading on Tuesday . The stock had previously closed at $165.64, but opened at $139.16. Primoris Services shares last traded at $155.3850, with a volume of 529,752 shares changing hands.

Primoris Services News Summary

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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $143.00 price target (down previously from $145.00) on shares of Primoris Services in a research report on Monday, December 8th. Guggenheim raised shares of Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Tuesday, January 13th. KeyCorp lifted their price objective on Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group upped their target price on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $150.00 target price on shares of Primoris Services in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.93.

Primoris Services Trading Down 5.1%

The business has a 50 day moving average of $143.97 and a two-hundred day moving average of $132.69. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 52.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38.

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s dividend payout ratio is presently 6.31%.

Insiders Place Their Bets

In related news, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the completion of the sale, the director owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the transaction, the director owned 21,530 shares in the company, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Institutional Trading of Primoris Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC boosted its position in shares of Primoris Services by 2.1% during the third quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the construction company’s stock valued at $536,000 after buying an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the construction company’s stock valued at $43,000 after acquiring an additional 81 shares in the last quarter. Assetmark Inc. boosted its holdings in Primoris Services by 9.7% during the 3rd quarter. Assetmark Inc. now owns 953 shares of the construction company’s stock worth $131,000 after acquiring an additional 84 shares during the last quarter. Covestor Ltd grew its stake in shares of Primoris Services by 13.4% in the 4th quarter. Covestor Ltd now owns 719 shares of the construction company’s stock worth $89,000 after acquiring an additional 85 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Primoris Services by 1.1% in the 4th quarter. CWM LLC now owns 8,970 shares of the construction company’s stock worth $1,114,000 after acquiring an additional 96 shares in the last quarter. 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.