Brokerages Set Primoris Services Corporation (NYSE:PRIM) Target Price at $132.27

Primoris Services Corporation (NYSE:PRIM) has received an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $132.2667.

PRIM has been the subject of a number of analyst reports. The Goldman Sachs Group raised Primoris Services from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $107.00 to $102.00 in a report on Thursday, June 25th. Mizuho cut their price objective on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a research note on Monday, June 15th. Weiss Ratings lowered Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Primoris Services from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th.

Institutional Trading of Primoris Services

Several institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP increased its stake in shares of Primoris Services by 108.2% during the second quarter. Corient Private Wealth LP now owns 35,557 shares of the company’s stock worth $3,524,000 after purchasing an additional 18,480 shares in the last quarter. Amundi lifted its stake in Primoris Services by 51.6% in the 2nd quarter. Amundi now owns 11,619 shares of the company’s stock valued at $1,152,000 after buying an additional 3,957 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Primoris Services in the 2nd quarter valued at about $357,000. California State Teachers Retirement System boosted its holdings in Primoris Services by 9,830.3% in the 2nd quarter. California State Teachers Retirement System now owns 6,234,252 shares of the company’s stock worth $617,939,000 after buying an additional 6,171,472 shares during the last quarter. Finally, AlphaGrep UK Ltd acquired a new stake in Primoris Services in the 2nd quarter worth about $365,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Price Performance

NYSE:PRIM opened at $72.14 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50 day moving average price of $84.68 and a 200-day moving average price of $119.22. 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 $3.88 billion, a price-to-earnings ratio of 28.29 and a beta of 1.44.

Primoris Services (NYSE:PRIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Equities research analysts forecast that Primoris Services will post 1.76 EPS for the current year.

Primoris Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s dividend payout ratio is currently 12.55%.

Key Headlines Impacting Primoris Services

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

• Positive Sentiment: Primoris announced the appointment of James A. Greer and Oscar K. Brown to its board, effective October 1. The additions expand the board to 10 members and bring experienced energy-industry leadership, potentially strengthening oversight and governance. Primoris board appointments
• Neutral Sentiment: Several law firms issued substantially similar notices about the same securities class action, creating a September 21, 2026 deadline for investors to seek appointment as lead plaintiff. The repeated announcements do not represent separate confirmed lawsuits, but they increase the issue’s visibility. Primoris investor deadline notice
• Negative Sentiment: The class action alleges that Primoris failed to accurately estimate costs, forecast costs to complete, and oversee renewable-energy projects. The investor alerts link these alleged issues to repeated project-cost disclosures and a sharp reduction in guidance, including a reported $23.39 per-share decline. If the claims proceed, Primoris could face legal expenses, potential damages, and further scrutiny of project execution and internal controls. Primoris shareholder class action alert

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.