Primoris Services’ (PRIM) “Buy” Rating Reiterated at Roth Capital

Roth Capital reissued their buy rating on shares of Primoris Services (NYSE:PRIM) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $100.00 price objective on the stock.

PRIM has been the subject of a number of other research reports. Needham & Company LLC lowered their price objective on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. raised Primoris Services from a “neutral” rating to an “overweight” rating and upped their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and decreased their price target for the company from $107.00 to $102.00 in a research note on Thursday, June 25th. Mizuho lowered their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.47.

Primoris Services Stock Up 2.0%

Shares of Primoris Services stock opened at $89.56 on Monday. The firm’s 50 day moving average price is $102.74 and its 200-day moving average price is $132.51. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. Primoris Services has a 52-week low of $65.00 and a 52-week high of $205.50. The company has a market cap of $4.86 billion, a P/E ratio of 19.73 and a beta of 1.41.

Primoris Services (NYSE:PRIM) last announced its earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.28). Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.98 earnings per share. Primoris Services’s revenue was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, sell-side analysts predict that Primoris Services will post 1.87 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, June 30th. Primoris Services’s dividend payout ratio is 7.05%.

Insider Activity at Primoris Services

In other news, Director David Lee King sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total value of $2,381,800.00. Following the sale, the director directly owned 14,941 shares of the company’s stock, valued at $1,779,323.69. This represents a 57.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Perisich sold 29,707 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the transaction, the insider owned 27,574 shares of the company’s stock, valued at $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB purchased a new stake in shares of Primoris Services during the fourth quarter worth about $7,181,000. New York State Teachers Retirement System raised its position in shares of Primoris Services by 327.8% during the 4th quarter. New York State Teachers Retirement System now owns 20,892 shares of the company’s stock worth $2,594,000 after purchasing an additional 16,008 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Primoris Services by 2,338.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 314,426 shares of the company’s stock worth $39,033,000 after buying an additional 301,532 shares during the last quarter. Principal Financial Group Inc. increased its stake in Primoris Services by 509.6% during the 4th quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock worth $41,800,000 after buying an additional 281,482 shares in the last quarter. Finally, UBS Group AG increased its stake in Primoris Services by 2.4% during the 4th quarter. UBS Group AG now owns 638,876 shares of the company’s stock worth $79,310,000 after buying an additional 15,112 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Primoris Services

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

• Negative Sentiment: Several firms, including Labaton Keller Sucharow, Gainey McKenna & Egleston, Rosen Law Firm, Robbins LLP, Howard G. Smith, Kahn Swick & Foti, Portnoy Law Firm, and Bragar Eagel & Squire, announced or promoted a class action lawsuit against Primoris, increasing legal overhang and investor uncertainty.
• Neutral Sentiment: Primoris said it will report second-quarter 2026 results on August 4, 2026 and host a conference call on August 5, which could become a near-term catalyst if the company provides reassuring guidance or strong execution. Article Title
• Neutral Sentiment: Roth Capital reportedly reiterated a Buy rating on Primoris, which may help offset some of the legal headline risk, though the lawsuit news is likely dominating trading sentiment. Article Title

About Primoris Services

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.