Primoris Services (NYSE:PRIM) Stock Rating Upgraded by Zacks Research

Primoris Services (NYSE:PRIM) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on PRIM. Oppenheimer started coverage on shares of Primoris Services in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 target price for the company. UBS Group reaffirmed a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Weiss Ratings cut Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Needham & Company LLC lowered their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Finally, Mizuho lowered their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.27.

Primoris Services Price Performance

Shares of Primoris Services stock opened at $74.83 on Monday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 29.35 and a beta of 1.43. 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. The business’s 50 day simple moving average is $87.19 and its two-hundred day simple moving average is $122.21.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating 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 analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $1.68 EPS. The firm’s revenue was down 10.7% compared to the same quarter last year. Analysts forecast that Primoris Services will post 1.76 EPS for the current year.

Insider Activity

In related news, insider John M. Perisich sold 29,707 shares of Primoris Services 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 transaction, the insider owned 27,574 shares in the company, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Primoris Services

Institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Primoris Services during the second quarter valued at $357,000. California State Teachers Retirement System grew its position in shares of Primoris Services by 9,830.3% during the second quarter. California State Teachers Retirement System now owns 6,234,252 shares of the company’s stock valued at $617,939,000 after purchasing an additional 6,171,472 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in shares of Primoris Services in the second quarter worth about $365,000. Raiffeisen Bank International AG increased its holdings in shares of Primoris Services by 904.8% in the second quarter. Raiffeisen Bank International AG now owns 198,000 shares of the company’s stock worth $19,254,000 after purchasing an additional 178,294 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Primoris Services in the second quarter worth about $185,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Primoris Services

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

• Positive Sentiment: Zacks upgraded Primoris from “strong sell” to “hold,” indicating that the firm sees less downside risk than previously, although the revised rating remains cautious. Zacks.com
• Neutral Sentiment: A Zacks comparison said Argan offers stronger recent growth, backlog and return on equity, while Primoris has broader exposure, a record backlog and potential recovery prospects. The comparison provides context but does not represent a new company-specific catalyst. Argan vs. Primoris Services: Which Stock Offers More Growth Potential?
• Negative Sentiment: Several law firms publicized a securities class action against Primoris and certain current or former executives. The lawsuit concerns investors who purchased PRIM securities between August 5, 2025, and June 22, 2026. The allegations include misleading statements about renewable-energy project cost forecasting, project oversight, profitability and delayed recognition of margin deterioration. These are allegations, and no court finding of wrongdoing has been reported. PRIM Class Action Reminder
• Negative Sentiment: The repeated investor alerts from Rosen, Kahn Swick & Foti, Pomerantz, Robbins Geller, Glancy Prongay and other firms emphasize a September 21, 2026 lead-plaintiff deadline. The volume of announcements may increase reputational, litigation and potential financial uncertainty surrounding Primoris, even though the notices themselves do not establish liability. PRIM Shareholder 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.