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

Primoris Services (NASDAQ:PRIM) had its price objective increased by research analysts at UBS Group from $165.00 to $176.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 15.62% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. Cantor Fitzgerald set a $160.00 price target on Primoris Services and gave the stock a “neutral” rating in a report on Tuesday. Mizuho lifted their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson set a $180.00 target price on Primoris Services in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $161.00 target price on shares of Primoris Services in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Primoris Services has a consensus rating of “Moderate Buy” and a consensus target price of $153.20.

Primoris Services Stock Performance

Shares of PRIM opened at $152.22 on Wednesday. Primoris Services has a 1 year low of $49.10 and a 1 year high of $174.43. The stock has a market capitalization of $8.22 billion, a PE ratio of 50.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50-day simple moving average of $145.57 and a 200-day simple moving average of $133.24.

Primoris Services (NASDAQ:PRIM) last issued its earnings results 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. 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 quarter last year, the company earned $1.13 earnings per share. The firm’s 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 predict that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Insider Activity

In other Primoris Services news, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the sale, the director owned 21,530 shares in the company, valued at approximately $2,909,564.20. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,062,840.00. Following the transaction, the director directly owned 74,466 shares of the company’s stock, valued at $10,127,376. The trade was a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Primoris Services

A number of large investors have recently made changes to their positions in PRIM. Mercer Global Advisors Inc. ADV raised its stake in Primoris Services by 5.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 121,701 shares of the construction company’s stock valued at $15,108,000 after purchasing an additional 6,422 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of 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 worth $2,673,000 after buying an additional 20,341 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Primoris Services in the fourth quarter valued at approximately $246,000. Mackenzie Financial Corp raised its position in shares of Primoris Services by 7.0% in the fourth quarter. Mackenzie Financial Corp now owns 407,025 shares of the construction company’s stock valued at $50,506,000 after buying an additional 26,685 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Primoris Services by 27.9% during the fourth quarter. Empowered Funds LLC now owns 17,735 shares of the construction company’s stock valued at $2,202,000 after buying an additional 3,868 shares during the period. Institutional investors and hedge funds 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

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.