Primoris Services Corporation (NYSE:PRIM) Receives $137.47 Consensus Price Target from Analysts

Primoris Services Corporation (NYSE:PRIM) has received an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $135.1333.

Several equities research analysts have issued reports on the stock. Oppenheimer initiated coverage on shares of Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price objective for the company. Needham & Company LLC decreased their target price on Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Mizuho dropped their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. UBS Group reduced their price target on Primoris Services from $212.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd.

Primoris Services Price Performance

NYSE:PRIM opened at $82.96 on Monday. The company has a market cap of $4.47 billion, a P/E ratio of 32.53 and a beta of 1.43. The firm’s fifty day moving average price is $94.83 and its two-hundred day moving average price is $128.15. Primoris Services has a one year low of $65.00 and a one year high of $205.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18.

Primoris Services (NYSE:PRIM) last posted its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $1.68 EPS. Primoris Services’s quarterly revenue was down 10.7% compared to the same quarter last year. Equities analysts expect that Primoris Services will post 1.87 earnings per share for the current year.

Primoris Services Dividend Announcement

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

Insider Transactions at Primoris Services

In related news, Director David Lee King sold 20,000 shares of the firm’s 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 transaction, the director directly owned 14,941 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John M. Perisich sold 29,707 shares of Primoris Services 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 sale, the insider owned 27,574 shares of the company’s stock, valued at $3,525,611.64. This trade represents a 51.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of Primoris Services in the second quarter valued at approximately $26,000. Harbour Investments Inc. acquired a new stake in Primoris Services during the fourth quarter worth approximately $33,000. Root Financial Partners LLC increased its stake in 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 acquiring an additional 69 shares during the period. Osterweis Capital Management Inc. bought a new position in Primoris Services during the 2nd quarter worth $34,000. Finally, Persistent Asset Partners Ltd acquired a new position in Primoris Services in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Trending Headlines about Primoris Services

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

• Positive Sentiment: Guggenheim maintained a “Buy” rating while lowering its price target from $162 to $127, implying substantial upside from recent levels. The revised target suggests the firm still sees meaningful long-term value despite recent execution concerns. Benzinga analyst rating report
• Neutral Sentiment: Cantor Fitzgerald reaffirmed its “Neutral” rating on Primoris. The decision provides no new positive catalyst but indicates the firm has not further downgraded its view following the company’s recent results and legal developments. Cantor Fitzgerald rating report
• Negative Sentiment: Primoris is facing a securities class-action lawsuit covering investors who purchased shares from August 5, 2025, through June 22, 2026. Multiple law firms publicized the September 21, 2026 lead-plaintiff deadline. The complaint alleges that the company and certain current and former executives made misleading statements about cost forecasting, project oversight, and profitability at renewable-energy construction projects, including alleged cost overruns and delays. These are allegations, and the litigation could create legal costs, reputational risk, and additional uncertainty for shareholders. Robbins LLP class-action notice
• Negative Sentiment: Quarterly revenue missed expectations: Primoris reported $1.69 billion in revenue versus the $1.73 billion consensus estimate, with sales down 10.7% year over year. The company did beat the adjusted EPS estimate, reporting a loss of $0.27 versus expectations for a $0.35 loss, but the revenue shortfall and project-execution concerns remain pressure points. Primoris Q2 2026 earnings call transcript

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.