JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Primoris Services (NASDAQ:PRIM) Stock

Primoris Services (NASDAQ:PRIM) had its price target raised by stock analysts at JPMorgan Chase & Co. from $143.00 to $165.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.39% from the company’s previous close.

Other research analysts also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. Mizuho upped their target price on Primoris Services from $128.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company assumed coverage on Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 target price on the stock. DA Davidson set a $180.00 price target on shares of Primoris Services in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.20.

Primoris Services Trading Down 0.6%

NASDAQ:PRIM opened at $152.22 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 50.40 and a beta of 1.37. The firm has a fifty day simple moving average of $145.57 and a two-hundred day simple moving average of $133.24. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43.

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

Insider Activity

In other news, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was 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 of the company’s stock, valued at $10,127,376. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction that occurred 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 sale, the director directly 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. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PRIM. Mercer Global Advisors Inc. ADV raised its stake in shares of Primoris Services by 5.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 121,701 shares of the construction company’s stock worth $15,108,000 after purchasing an additional 6,422 shares during the period. State of Tennessee Department of Treasury grew its position in Primoris Services by 1,703.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 21,535 shares of the construction company’s stock valued at $2,673,000 after buying an additional 20,341 shares during the period. EP Wealth Advisors LLC purchased a new stake in Primoris Services during the fourth quarter worth about $246,000. Mackenzie Financial Corp raised its position in Primoris Services by 7.0% in the fourth quarter. Mackenzie Financial Corp now owns 407,025 shares of the construction company’s stock worth $50,506,000 after acquiring an additional 26,685 shares during the period. Finally, Empowered Funds LLC raised its position in Primoris Services by 27.9% in the fourth quarter. Empowered Funds LLC now owns 17,735 shares of the construction company’s stock worth $2,202,000 after acquiring an additional 3,868 shares during the period. Institutional investors own 91.82% of the company’s stock.

Key Primoris Services News

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

• Positive Sentiment: DA Davidson reiterated a Buy on PRIM, keeping analyst support that should help buying interest among growth/value investors. Article Title
• Positive Sentiment: UBS raised its price target to $176 and stays at Buy — the highest new target here (≈15.6% upside vs. current price), signaling bullish conviction from a large broker. Article Title
• Positive Sentiment: Guggenheim lifted its target to $170 and maintains a Buy rating — another supportive uplift that reinforces upside expectations from institutional analysts. Article Title Ticker Report
• Positive Sentiment: Wells Fargo raised its target to $168 but keeps an Equal Weight rating — the upgrade to the target is constructive, though the neutral rating limits how bullish this should be read. Article Title
• Neutral Sentiment: JPMorgan bumped its target to $165 but left a Neutral rating — a modest endorsement that may support the stock but is unlikely to trigger strong buying on its own. Article Title
• Negative Sentiment: Mizuho raised its target to $143 but still has a Neutral rating and that target is ~6% below the current price, which could pressure the shares by giving investors a reason to trim exposure. Article Title

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.