Primoris Services (NASDAQ:PRIM) Stock Price Expected to Rise, Guggenheim Analyst Says

Primoris Services (NASDAQ:PRIM) had its target price raised by analysts at Guggenheim from $160.00 to $170.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Guggenheim’s price objective would suggest a potential upside of 11.68% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $143.00 price objective (down from $145.00) on shares of Primoris Services in a research note on Monday, December 8th. KeyCorp raised their target price on Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and issued a $150.00 price target on shares of Primoris Services in a research note on Tuesday. Finally, Wells Fargo & Company began coverage on shares of Primoris Services in a research report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.20.

Primoris Services Stock Down 0.6%

Shares of NASDAQ:PRIM opened at $152.22 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 50.40 and a beta of 1.37. The company has a 50 day moving average of $145.57 and a 200-day moving average of $133.24. Primoris Services has a one year low of $49.10 and a one year 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 (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 analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, sell-side analysts forecast that Primoris Services will post 3.26 earnings per share for the current year.

Insider Activity 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 shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the sale, the director directly owned 74,466 shares in the company, valued at $10,127,376. This trade represents a 9.50% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on 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 sale, the director directly owned 21,530 shares in the company, valued at $2,909,564.20. This represents 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.

Hedge Funds Weigh In On Primoris Services

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings 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 valued at $29,000 after purchasing an additional 148 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Primoris Services during the third quarter worth about $37,000. Harbour Investments Inc. acquired a new stake in Primoris Services in the 4th quarter valued at approximately $33,000. Blue Bell Private Wealth Management LLC bought a new stake in Primoris Services in the 3rd quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC boosted its position in 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 acquiring an additional 145 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Primoris Services News Summary

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

Primoris Services Company Profile

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.