Primoris Services Corporation (NYSE:PRIM) Receives $137.47 Average Target Price from Analysts

Primoris Services Corporation (NYSE:PRIM) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $135.1333.

Several brokerages have recently issued reports on PRIM. Wells Fargo & Company dropped their target price on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 23rd. Roth Capital reiterated a “buy” rating and issued a $100.00 price objective on shares of Primoris Services in a report on Monday, July 20th. Wolfe Research reiterated an “outperform” rating and set a $149.00 price objective on shares of Primoris Services in a research note on Monday, June 15th. Needham & Company LLC reduced their target price on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and raised their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th.

Insider Activity

In other news, insider John M. Perisich sold 29,707 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the transaction, the insider owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Lee King sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the sale, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Primoris Services

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock worth $43,000 after acquiring an additional 194 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Primoris Services by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the company’s stock worth $28,337,000 after buying an additional 33,934 shares in the last quarter. Caxton Associates LLP acquired a new position in Primoris Services during the first quarter worth about $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Primoris Services by 25.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the company’s stock worth $9,650,000 after buying an additional 33,818 shares during the period. Finally, M&T Bank Corp purchased a new position in Primoris Services in the second quarter valued at about $274,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Primoris Services Price Performance

Primoris Services stock opened at $82.96 on Monday. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 32.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.28. Primoris Services has a 1 year low of $65.00 and a 1 year high of $205.50. The firm has a 50-day moving average of $94.83 and a two-hundred day moving average of $128.30.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.08. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. On average, research analysts forecast that Primoris Services will post 1.87 earnings per share for the current year.

Primoris Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

Primoris Services News Summary

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

• Positive Sentiment: Guggenheim maintained a “Buy” rating while lowering its price target from $162 to $127, implying substantial upside from recent levels. The revised target suggests the firm still sees meaningful long-term value despite recent execution concerns. Benzinga analyst rating report
• Neutral Sentiment: Cantor Fitzgerald reaffirmed its “Neutral” rating on Primoris. The decision provides no new positive catalyst but indicates the firm has not further downgraded its view following the company’s recent results and legal developments. Cantor Fitzgerald rating report
• Negative Sentiment: Primoris is facing a securities class-action lawsuit covering investors who purchased shares from August 5, 2025, through June 22, 2026. Multiple law firms publicized the September 21, 2026 lead-plaintiff deadline. The complaint alleges that the company and certain current and former executives made misleading statements about cost forecasting, project oversight, and profitability at renewable-energy construction projects, including alleged cost overruns and delays. These are allegations, and the litigation could create legal costs, reputational risk, and additional uncertainty for shareholders. Robbins LLP class-action notice
• Negative Sentiment: Quarterly revenue missed expectations: Primoris reported $1.69 billion in revenue versus the $1.73 billion consensus estimate, with sales down 10.7% year over year. The company did beat the adjusted EPS estimate, reporting a loss of $0.27 versus expectations for a $0.35 loss, but the revenue shortfall and project-execution concerns remain pressure points. Primoris Q2 2026 earnings call transcript

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.