Analysts Set Primoris Services Corporation (NYSE:PRIM) PT at $137.47

Primoris Services Corporation (NYSE:PRIM) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $137.4667.

Several equities research analysts recently commented on the company. Needham & Company LLC dropped their target price on Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 target price on shares of Primoris Services in a research note on Wednesday. The Goldman Sachs Group raised Primoris Services from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Wolfe Research restated an “outperform” rating and issued a $149.00 price target on shares of Primoris Services in a research report on Monday, June 15th. Finally, Guggenheim reissued a “buy” rating and issued a $162.00 price target on shares of Primoris Services in a report on Tuesday, June 23rd.

Primoris Services Trading Down 8.3%

Shares of PRIM stock opened at $83.28 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. Primoris Services has a fifty-two week low of $65.00 and a fifty-two week high of $205.50. The firm’s 50 day moving average price is $96.62 and its two-hundred day moving average price is $129.11. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 32.66 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.87%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, analysts anticipate that Primoris Services will post 1.87 EPS for the current year.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is currently 7.05%.

Primoris Services News Summary

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Primoris reported adjusted second-quarter EPS of $(0.27), better than the consensus estimate of $(0.35). The company also maintained its 2026 earnings outlook of $1.30–$1.85 per share. Primoris quarterly earnings report
• Positive Sentiment: Total backlog reached a record $13.9 billion, including $8.2 billion of master service agreement backlog, providing longer-term revenue visibility. Utilities revenue increased 2.8% year over year. Primoris second-quarter results
• Positive Sentiment: Cantor Fitzgerald reaffirmed its neutral rating but set a $100 price target, implying potential recovery from recent trading levels. Primoris also declared its regular $0.08-per-share quarterly dividend. Cantor Fitzgerald rating update
• Neutral Sentiment: Multiple law firms announced a September 21, 2026 deadline for investors to seek lead-plaintiff status in a securities class action covering purchases from August 5, 2025, through June 22, 2026. The announcements largely repeat the same lawsuit information.
• Negative Sentiment: Revenue of $1.688 billion missed the $1.73 billion consensus estimate and declined 10.7% year over year. Energy revenue fell 19.2% to approximately $1.0 billion, driving concern about near-term demand and execution. Primoris Q2 revenue and earnings miss
• Negative Sentiment: Primoris posted a reported net loss of $24.2 million, or $0.45 per diluted share, versus $84.3 million of net income a year earlier. Management cited margin pressure and cost risks tied to fixed-price renewable-energy projects.
• Negative Sentiment: The securities lawsuit alleges that Primoris and certain executives made misleading statements or omissions about cost controls, project execution and the recognition of deteriorating margins on major renewable projects. The allegations have not been proven, but the litigation adds reputational, financial and potential liability risk. Primoris securities class action announcement

Insiders Place Their Bets

In other Primoris Services news, Director David Lee King sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the sale, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This trade represents a 57.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the transaction, the insider owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Primoris Services by 163.0% during the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock valued at $216,774,000 after buying an additional 1,082,218 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Primoris Services by 47.4% during the first quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock valued at $412,837,000 after acquiring an additional 928,155 shares during the period. Norges Bank purchased a new stake in shares of Primoris Services in the fourth quarter valued at $103,368,000. State Street Corp boosted its position in Primoris Services by 56.8% during the 4th quarter. State Street Corp now owns 2,011,488 shares of the company’s stock worth $249,866,000 after acquiring an additional 728,646 shares during the period. Finally, Vanguard Group Inc. grew its position in Primoris Services by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company’s stock valued at $804,361,000 after purchasing an additional 466,192 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

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.