Mizuho Boosts Primoris Services (NASDAQ:PRIM) Price Target to $143.00

Primoris Services (NASDAQ:PRIM) had its price objective increased by research analysts at Mizuho from $128.00 to $143.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Mizuho’s target price indicates a potential downside of 6.06% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $143.00 target price (down from $145.00) on shares of Primoris Services in a report on Monday, December 8th. Guggenheim upped their price objective on Primoris Services from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $161.00 price objective on shares of Primoris Services in a research note on Wednesday, November 5th. Cantor Fitzgerald set a $160.00 target price on Primoris Services and gave the company a “neutral” rating in a research report on Tuesday. Finally, DA Davidson set a $180.00 target price on shares of Primoris Services in a report on Wednesday. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.20.

Primoris Services Price Performance

PRIM stock opened at $152.22 on Wednesday. The company’s 50-day moving average price is $145.57 and its two-hundred day moving average price is $133.24. The firm has a market cap of $8.22 billion, a P/E ratio of 50.40 and a beta of 1.37. 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 has a 12 month low of $49.10 and a 12 month high of $174.43.

Primoris Services (NASDAQ:PRIM) last posted its quarterly 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 net margin of 2.68% and a return on equity of 15.23%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, analysts anticipate that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Primoris Services

In related news, Director John P. Schauerman sold 7,815 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction 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 trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of Primoris Services stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total value of $281,361.48. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

A number of hedge funds have recently made changes to their positions in PRIM. SBI Securities Co. Ltd. lifted its stake in shares of 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 acquiring an additional 148 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Primoris Services during the 3rd quarter valued at approximately $37,000. Harbour Investments Inc. bought a new position in Primoris Services during the 4th quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Primoris Services in the 3rd quarter worth approximately $37,000. Finally, McIlrath & Eck LLC lifted its position in shares of Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock worth $38,000 after purchasing an additional 145 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Key Stories Impacting Primoris Services

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.