Primoris Services Corporation (NYSE:PRIM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Primoris Services Corporation (NYSE:PRIM) have received a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $157.00.

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. The Goldman Sachs Group raised 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. Wolfe Research began coverage on Primoris Services in a research note on Thursday, April 9th. They set an “outperform” rating and a $183.00 price objective on the stock. Guggenheim raised their price objective on Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price objective on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st.

Hedge Funds Weigh In On Primoris Services

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Harbour Investments Inc. bought a new position in Primoris Services during the 4th quarter valued at $33,000. Root Financial Partners LLC lifted its stake in Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after acquiring an additional 69 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in Primoris Services during the 2nd quarter valued at $34,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in Primoris Services during the 3rd quarter valued at $37,000. 91.82% of the stock is currently owned by institutional investors.

Primoris Services Stock Down 0.5%

Shares of PRIM opened at $171.61 on Friday. Primoris Services has a 12-month low of $58.13 and a 12-month high of $176.68. The stock has a fifty day moving average price of $151.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.31 billion, a PE ratio of 34.12 and a beta of 1.38.

Primoris Services (NYSE:PRIM) last issued its earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business earned $1.13 EPS. Primoris Services’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. On average, analysts expect that Primoris Services will post 5.73 EPS for the current year.

Primoris Services Announces Dividend

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

About Primoris Services

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. 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. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.