Brokerages Set Primoris Services Corporation (NYSE:PRIM) Target Price at $132.27

Shares of Primoris Services Corporation (NYSE:PRIM) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $132.2667.

Several equities analysts have recently issued reports on PRIM shares. KeyCorp reaffirmed a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Needham & Company LLC reduced their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Finally, Guggenheim lowered their target price on Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Primoris Services

Hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System boosted its stake in 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 valued at $2,594,000 after purchasing an additional 16,008 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Primoris Services by 509.6% in the fourth quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock worth $41,800,000 after purchasing an additional 281,482 shares during the last quarter. UBS Group AG lifted its holdings in shares of Primoris Services by 2.4% in the fourth quarter. UBS Group AG now owns 638,876 shares of the company’s stock valued at $79,310,000 after purchasing an additional 15,112 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of Primoris Services in the fourth quarter valued at approximately $1,116,000. Finally, Bank of America Corp DE lifted its holdings in shares of Primoris Services by 4.4% in the first quarter. Bank of America Corp DE now owns 324,887 shares of the company’s stock valued at $46,472,000 after purchasing an additional 13,617 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Primoris Services Stock Performance

Primoris Services stock opened at $73.44 on Friday. The business has a 50 day moving average of $83.89 and a 200-day moving average of $117.94. Primoris Services has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $3.95 billion, a P/E ratio of 28.80 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $1.68 EPS. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. On average, equities research analysts predict that Primoris Services will post 1.76 earnings per share for the current year.

Primoris Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Primoris Services’s dividend payout ratio is presently 12.55%.

Key Primoris Services News

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

• Negative Sentiment: The lawsuit alleges that Primoris failed to adequately disclose risks associated with fixed-price renewable-energy projects, including cost overruns and deteriorating margins across six projects. The complaint reportedly claims that subsequent disclosures led to a decline of approximately $23.39 per share and may have violated federal securities laws. These allegations have not been proven. PRIM Shareholder Alert
• Negative Sentiment: A wave of investor notices from Kaplan Fox, Bragar Eagel & Squire, Pomerantz, Rosen, Levi & Korsinsky, Bernstein Liebhard, Kahn Swick & Foti and other firms is increasing visibility around the litigation and potential disclosure concerns. Kaplan Fox investor alert
• Negative Sentiment: The proposed class covers investors who purchased Primoris shares between August 5, 2025, and June 22, 2026. Although the notices are largely promotional and do not establish additional liability, ongoing litigation creates legal, financial and reputational uncertainty for shareholders. Bragar Eagel & Squire investor notice

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.