Primoris Services (NYSE:PRIM) Earns Neutral Rating from Cantor Fitzgerald

Primoris Services (NYSE:PRIM)‘s stock had its “neutral” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They currently have a $100.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 10.01% from the stock’s previous close.

Several other equities research analysts have also issued reports on PRIM. Wells Fargo & Company lowered their target price on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 23rd. Wall Street Zen cut Primoris Services from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. UBS Group lowered their price target on Primoris Services from $212.00 to $186.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Mizuho dropped their price objective on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Finally, Guggenheim restated a “buy” rating and issued a $162.00 price objective on shares of Primoris Services in a research report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Primoris Services has an average rating of “Moderate Buy” and an average price target of $137.47.

Primoris Services Price Performance

NYSE:PRIM opened at $90.90 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50 day moving average price of $97.56 and a 200-day moving average price of $129.56. Primoris Services has a 1-year low of $65.00 and a 1-year high of $205.50. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 20.02 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.08. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $1.68 earnings per share. The firm’s revenue was down 10.7% on a year-over-year basis. Equities research analysts forecast that Primoris Services will post 1.87 EPS for the current year.

Insider Buying and Selling at Primoris Services

In other news, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares of the company’s stock, valued at $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Lee King sold 20,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the completion of the sale, the director owned 14,941 shares of the company’s stock, valued at $1,779,323.69. This trade represents a 57.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Trading of Primoris Services

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC boosted its holdings in shares of Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares during the last quarter. Covestor Ltd increased its holdings in shares of Primoris Services by 13.4% in the fourth quarter. Covestor Ltd now owns 719 shares of the company’s stock valued at $89,000 after purchasing an additional 85 shares during the last quarter. CWM LLC grew its holdings in shares of Primoris Services by 1.1% in the fourth quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after purchasing an additional 96 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Primoris Services by 18.6% in the fourth quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $78,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Key Headlines Impacting Primoris Services

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

• Positive Sentiment: Adjusted loss beat expectations: Primoris reported second-quarter adjusted EPS of $(0.27), better than the $(0.35) analyst consensus. Revenue was $1.69 billion, though it fell short of the $1.73 billion estimate. Primoris Services Reports Q2 Loss, Misses Revenue Estimates
• Positive Sentiment: Record backlog supports future revenue: Backlog reached approximately $13.9 billion at June 30, including $8.2 billion under master service agreements. Primoris also maintained its 2026 outlook for net income of $71 million to $101 million, or $1.30 to $1.85 per share. Primoris Reports Q2 Loss as Revenue Falls
• Neutral Sentiment: Dividend maintained: The board declared a quarterly cash dividend of $0.08 per share, payable October 15 to shareholders of record September 30. The annualized payout is $0.32 per share, representing a yield of roughly 0.4%. Primoris Services Dividend and Stock Information
• Negative Sentiment: Operating performance deteriorated: Revenue declined 10.7% year over year to $1.688 billion, while the company posted a reported net loss of $24.2 million, compared with $84.3 million of net income a year earlier. Energy revenue fell 19.2%, reflecting pressure in renewable-energy projects. Primoris Services Q2 Earnings Metrics
• Negative Sentiment: Legal overhang intensifies: Several law firms publicized a securities class action covering investors who bought PRIM shares from August 5, 2025, through June 22, 2026. The allegations involve misleading disclosures about fixed-price renewable-project costs, project controls and expected margins. The lead-plaintiff deadline is September 21, 2026. Primoris Services Securities Fraud Class Action

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.