Primoris Services (NASDAQ:PRIM) Price Target Raised to $168.00 at Wells Fargo & Company

Primoris Services (NASDAQ:PRIM) had its target price hoisted by Wells Fargo & Company from $138.00 to $168.00 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

A number of other research firms have also commented on PRIM. Guggenheim lifted their price target on shares of Primoris Services from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Primoris Services from $143.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday. KeyCorp boosted their target price on shares of Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. DA Davidson set a $180.00 price target on Primoris Services in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $161.00 price objective on shares of Primoris Services in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.20.

Primoris Services Stock Down 0.6%

Primoris Services stock opened at $152.22 on Thursday. 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 1-year low of $49.10 and a 1-year high of $174.43. The firm’s fifty day simple moving average is $145.57 and its 200-day simple moving average is $133.24. The company has a market capitalization of $8.22 billion, a P/E ratio of 50.40 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last released 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. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Sell-side analysts forecast that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 is currently 6.31%.

Insiders Place Their Bets

In other Primoris Services news, Director Carla S. Mashinski sold 2,082 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $135.14, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Primoris Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in shares of Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock worth $29,000 after buying an additional 148 shares during the period. Cullen Frost Bankers Inc. bought a new position in Primoris Services in the third quarter valued at approximately $37,000. Harbour Investments Inc. bought a new stake in shares of Primoris Services during the 4th quarter valued at $33,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Primoris Services during the 3rd quarter valued at $37,000. Finally, McIlrath & Eck LLC lifted its stake 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 valued at $38,000 after purchasing an additional 145 shares during the period. 91.82% of the stock is owned by institutional investors.

Trending Headlines about 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

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.