Primoris Services Co. (NASDAQ:PRIM) Given Consensus Rating of “Moderate Buy” by Brokerages

Primoris Services Co. (NASDAQ:PRIM) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $153.20.

PRIM has been the subject of several analyst reports. Guggenheim upped their price objective on Primoris Services from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their price target on Primoris Services from $143.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. DA Davidson set a $180.00 price objective on Primoris Services in a research note on Wednesday, February 25th. The Goldman Sachs Group boosted their price objective on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company raised their target price on shares of Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th.

Insider Buying and Selling at Primoris Services

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction 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 sale, the director owned 74,466 shares in the company, valued at $10,127,376. The trade was a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director directly owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Primoris Services

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its stake 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. bought a new stake in Primoris Services during the 3rd quarter valued at $37,000. Harbour Investments Inc. purchased a new stake in shares of Primoris Services in the 4th quarter worth $33,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Primoris Services during the 3rd quarter worth $37,000. Finally, McIlrath & Eck LLC grew its position in shares of Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock worth $38,000 after buying an additional 145 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Primoris Services Stock Performance

PRIM stock opened at $138.06 on Friday. The stock’s 50 day simple moving average is $147.34 and its 200 day simple moving average is $134.41. 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 has a 12-month low of $49.10 and a 12-month high of $174.43. The stock has a market capitalization of $7.46 billion, a PE ratio of 45.72 and a beta of 1.36.

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

Primoris Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s dividend payout ratio (DPR) is 6.36%.

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.