Primoris Services’ (PRIM) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Primoris Services (NASDAQ:PRIM) in a research note released on Tuesday morning,Benzinga reports. They currently have a $150.00 target price on the construction company’s stock.

Several other equities analysts have also issued reports on PRIM. JPMorgan Chase & Co. reissued a “neutral” rating and set a $143.00 target price (down from $145.00) on shares of Primoris Services in a research note on Monday, December 8th. The Goldman Sachs Group boosted their price target on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Guggenheim raised shares of Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $161.00 target price on shares of Primoris Services in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company assumed coverage on shares of Primoris Services in a report on Friday, November 14th. They set an “equal weight” rating and a $138.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.20.

Primoris Services Stock Performance

NASDAQ:PRIM opened at $152.22 on Tuesday. The company’s 50-day moving average is $145.57 and its two-hundred day moving average is $133.24. Primoris Services has a 1-year low of $49.10 and a 1-year high of $174.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 50.40 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm 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 forecast that Primoris Services will post 3.26 EPS for the current year.

Primoris Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s payout ratio is 6.31%.

Insider Activity

In other news, Director John P. Schauerman sold 7,815 shares of the stock in a transaction dated 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 owned 74,466 shares in the company, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carla S. Mashinski sold 2,082 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $135.14, for a total value of $281,361.48. Following the sale, the director 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its position in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock valued at $29,000 after acquiring an additional 148 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Primoris Services during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of Primoris Services in the 2nd quarter valued at about $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Primoris Services in the 3rd quarter valued at about $37,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Primoris Services in the 3rd quarter valued at about $37,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services News Summary

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.