Guggenheim Issues Positive Forecast for Primoris Services (NASDAQ:PRIM) Stock Price

Primoris Services (NASDAQ:PRIM) had its price target lifted by Guggenheim from $160.00 to $170.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other brokerages have also recently commented on PRIM. Jefferies Financial Group reiterated a “buy” rating and issued a $161.00 target price on shares of Primoris Services in a report on Wednesday, November 5th. The Goldman Sachs Group raised their price target on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Mizuho set a $129.00 price target on shares of Primoris Services in a research note on Tuesday, October 28th. Cantor Fitzgerald set a $160.00 price target on shares of Primoris Services and gave the company a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and an average price target of $151.20.

Primoris Services Price Performance

PRIM stock opened at $152.40 on Wednesday. Primoris Services has a 52 week low of $49.10 and a 52 week high of $174.43. The firm has a market capitalization of $8.23 billion, a P/E ratio of 50.46 and a beta of 1.37. The company has a fifty day simple moving average of $145.01 and a two-hundred day simple moving average of $133.11. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services (NASDAQ:PRIM) last announced its earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) 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 period in the prior year, the company earned $1.13 EPS. The business’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. Analysts anticipate that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s payout ratio is currently 6.31%.

Insider Activity at Primoris Services

In other 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 transaction, the director owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. This represents a 8.82% decrease in their position. The transaction 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 shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the transaction, the director owned 74,466 shares in the company, valued at approximately $10,127,376. This represents 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 Investors Weigh In On Primoris Services

Large investors have recently modified their holdings of the business. Uncommon Cents Investing LLC boosted its stake in shares of Primoris Services by 2.1% during the third quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the construction company’s stock valued at $536,000 after purchasing an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the construction company’s stock worth $43,000 after buying an additional 81 shares in the last quarter. Assetmark Inc. lifted its holdings in Primoris Services by 9.7% during the third quarter. Assetmark Inc. now owns 953 shares of the construction company’s stock worth $131,000 after buying an additional 84 shares during the period. Covestor Ltd boosted its position in Primoris Services by 13.4% during the 4th quarter. Covestor Ltd now owns 719 shares of the construction company’s stock valued at $89,000 after acquiring an additional 85 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Primoris Services by 1.1% in the 4th quarter. CWM LLC now owns 8,970 shares of the construction company’s stock valued at $1,114,000 after acquiring an additional 96 shares during the period. Institutional investors 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: UBS raised its price target to $176 and maintained a buy rating, signaling meaningful upside from current levels; this is one of the largest bullish revisions driving investor interest. Article Title
• Positive Sentiment: Guggenheim bumped its target to $170 and kept a buy rating, reinforcing buy-side momentum and supporting the rally. Article Title TickerReport
• Positive Sentiment: Primoris beat Q4 estimates ($1.08 vs. $0.95 consensus) and reported revenue growth; management outlined EPS guidance and highlighted a record ~$11.9B backlog and energy-market growth—fundamentals that support medium-term earnings visibility. Zacks Earnings Guidance/Backlog
• Neutral Sentiment: JPMorgan raised its target to $165 but kept a neutral rating—this raises the implied valuation while offering less directional conviction than a buy. Article Title
• Neutral Sentiment: DA Davidson reiterated a buy rating but set a $150 target, slightly below current levels—mixed signal that may limit further upside from this analyst. Article Title
• Neutral Sentiment: The board declared a modest quarterly dividend of $0.08 (small yield ~0.2%); supportive for income-minded holders but unlikely to materially change valuation. Dividend Announcement
• Negative Sentiment: Mizuho raised its target to $143 but kept a neutral rating; that target implies downside from current prices and introduces some analyst-driven selling pressure. Article Title
• Negative Sentiment: A judge transferred a storm-restoration lawsuit involving Primoris to an Ohio federal court, keeping legal overhang and potential liability on the radar for investors monitoring risk exposure. Lawsuit Transfer

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.