Primoris Services’ (PRIM) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Primoris Services (NASDAQ:PRIM) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $150.00 price target on the construction company’s stock.

A number of other research firms have also weighed in on PRIM. The Goldman Sachs Group boosted their target price on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $143.00 target price (down from $145.00) on shares of Primoris Services in a research report on Monday, December 8th. Mizuho set a $129.00 price target on shares of Primoris Services in a research note on Tuesday, October 28th. Wells Fargo & Company started coverage on shares of Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price objective for the company. Finally, KeyCorp lifted their price target on shares of Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

Primoris Services Trading Down 8.6%

NASDAQ:PRIM opened at $151.40 on Tuesday. The company has a market cap of $8.18 billion, a P/E ratio of 50.13 and a beta of 1.37. Primoris Services has a twelve month low of $49.10 and a twelve month high of $174.43. The business has a 50 day moving average price of $144.43 and a two-hundred day moving average price of $132.97. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services (NASDAQ:PRIM) last released its earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.13. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.Primoris Services’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. As a group, analysts expect that Primoris Services will post 3.26 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services’s dividend payout ratio (DPR) is 6.31%.

Insider Buying and Selling

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 74,466 shares in the company, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $135.14, for a total value of $281,361.48. Following the completion of the sale, the director owned 21,530 shares of the company’s stock, valued at $2,909,564.20. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Primoris Services during the third quarter valued at about $37,000. Harbour Investments Inc. acquired a new stake in shares of Primoris Services in the 4th quarter valued at about $33,000. Blue Bell Private Wealth Management LLC acquired a new position in Primoris Services during the 3rd quarter worth approximately $37,000. Finally, McIlrath & Eck LLC grew its stake in Primoris Services by 109.8% in the third quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

More Primoris Services News

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

• Positive Sentiment: Q4 beat and revenue upside — Primoris reported $1.08 EPS vs. $0.95 expected and revenue of $1.86B (vs. $1.82B est.), showing revenue growth and margin resilience. This fundamental beat supports the company’s valuation and longer-term thesis. Zacks: Q4 Results
• Positive Sentiment: Record backlog and sector tailwinds — Management highlighted a record ~$11.9B backlog and growth in energy markets, which supports multi-year revenue visibility and the company’s long-cycle project pipeline. MSN: Backlog & Guidance
• Positive Sentiment: Dividend declared — Board approved a $0.08 quarterly cash dividend (ex-dividend Mar 31), a modest return of capital that can help support investor sentiment and income-focused holders. TipRanks: Dividend
• Neutral Sentiment: Mixed/updated FY2026 guidance reports — Company-released FY2026 EPS guidance has appeared in market write-ups in different ranges (one outlet citing $5.80–$6.00, another $5.35–$5.55). The discrepancy has created ambiguity that can drive intra-day volatility while investors parse management comments on the earnings call. (See earnings call transcript for detail.) Earnings Transcript
• Neutral Sentiment: Earnings call transparency — Transcripts from the Q4 call are available and will be the feedstock for analysts refining models; clarity on margins, backlog conversion and energy-market assumptions will affect near-term estimates. Seeking Alpha: Call Transcript
• Negative Sentiment: Legal / litigation uncertainty — A storm-restoration lawsuit involving FirstEnergy was transferred to federal court in Ohio, adding legal uncertainty and potential cost/distraction that investors may view as a risk to near-term cash flow or margins. Shore News Network: Lawsuit Transfer
• Negative Sentiment: Price reaction and elevated volume — Despite the beat and backlog, the stock is down on higher-than-normal volume; factors likely include guidance confusion, profit-taking after a run-up (12‑month high near $174), and at least one analyst price target that sits below current levels. Benzinga: Analyst Note

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.