Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Primoris Services Co. (NASDAQ:PRIM)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Primoris Services Co. (NASDAQ:PRIM). In a filing disclosed on December 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Primoris Services stock on November 24th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 11/20/2025.

Primoris Services Stock Down 1.5%

Shares of NASDAQ:PRIM opened at $128.65 on Wednesday. The stock has a market capitalization of $6.95 billion, a P/E ratio of 42.60 and a beta of 1.37. The stock’s 50-day moving average price is $130.56 and its 200-day moving average price is $111.81. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services Co. has a 12-month low of $49.10 and a 12-month high of $146.16.

Primoris Services (NASDAQ:PRIM) last issued its earnings results on Monday, November 3rd. The construction company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.51. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business posted $1.22 EPS. Primoris Services’s quarterly revenue was up 32.1% compared to the same quarter last year. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. On average, equities analysts anticipate that Primoris Services Co. will post 3.26 earnings per share for the current year.

Primoris Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid 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 Wednesday, December 31st. Primoris Services’s dividend payout ratio (DPR) is 6.31%.

Wall Street Analyst Weigh In

PRIM has been the topic of several recent analyst reports. Wells Fargo & Company assumed coverage on shares of Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 target price on the stock. Mizuho set a $129.00 price objective on shares of Primoris Services in a research note on Tuesday, October 28th. KeyCorp increased their target price on shares of Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. DA Davidson boosted their price target on Primoris Services from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Primoris Services in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.57.

Insider Buying and Selling at Primoris Services

In related news, CEO David Lee King sold 3,500 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $130.00, for a total value of $455,000.00. Following the completion of the transaction, the chief executive officer directly owned 21,302 shares in the company, valued at $2,769,260. This trade represents a 14.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of the business’s 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 in the company, valued at $2,909,564.20. The trade was a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,888 shares of company stock valued at $3,488,679 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Primoris Services

Several large investors have recently bought and sold shares of PRIM. Charles Schwab Investment Management Inc. raised its position in shares of Primoris Services by 9.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 755,303 shares of the construction company’s stock worth $43,362,000 after acquiring an additional 62,350 shares in the last quarter. HighTower Advisors LLC grew its stake in Primoris Services by 16.9% in the first quarter. HighTower Advisors LLC now owns 6,217 shares of the construction company’s stock worth $357,000 after purchasing an additional 900 shares during the period. Russell Investments Group Ltd. raised its holdings in Primoris Services by 568.1% in the first quarter. Russell Investments Group Ltd. now owns 101,502 shares of the construction company’s stock worth $5,827,000 after purchasing an additional 86,309 shares in the last quarter. Algert Global LLC raised its holdings in Primoris Services by 6.0% in the first quarter. Algert Global LLC now owns 242,285 shares of the construction company’s stock worth $13,910,000 after purchasing an additional 13,780 shares in the last quarter. Finally, Versor Investments LP lifted its position in Primoris Services by 262.6% during the first quarter. Versor Investments LP now owns 18,493 shares of the construction company’s stock valued at $1,062,000 after buying an additional 13,393 shares during the period. 91.82% of the stock is owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Primoris Services

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. 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.