Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Primoris Services Co. (NASDAQ:PRIM)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Primoris Services Co. (NASDAQ:PRIM). In a filing disclosed on January 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Primoris Services stock on December 11th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 12/30/2025.
• Sold $1,001 – $15,000 in shares of Schneider Electric S.E. (OTCMKTS:SBGSF) on 12/30/2025.
• Sold $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 12/30/2025.
• Purchased $50,001 – $100,000 in shares of Campbell’s (NASDAQ:CPB) on 12/30/2025.
• Sold $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 12/30/2025.
• Sold $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 12/26/2025.
• Sold $1,001 – $15,000 in shares of Bloom Energy (NYSE:BE) on 12/24/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 12/24/2025.
• Sold $1,001 – $15,000 in shares of Coinbase Global (NASDAQ:COIN) on 12/24/2025.
• Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 12/24/2025.

Primoris Services Stock Performance

Shares of PRIM stock traded down $0.17 on Wednesday, reaching $137.84. The stock had a trading volume of 746,740 shares, compared to its average volume of 709,725. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38. Primoris Services Co. has a 1 year low of $49.10 and a 1 year high of $146.16. The stock has a market cap of $7.45 billion, a P/E ratio of 45.64 and a beta of 1.36. The company has a 50 day simple moving average of $126.51 and a 200 day simple moving average of $119.30.

Primoris Services (NASDAQ:PRIM) last posted its earnings results on Monday, November 3rd. The construction company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.51. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.83 billion. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.Primoris Services’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. Equities research analysts expect that Primoris Services Co. will post 3.26 EPS for the current year.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Primoris Services’s dividend payout ratio is presently 6.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Uncommon Cents Investing LLC boosted its stake in shares of Primoris Services by 2.1% during the 3rd quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the construction company’s stock worth $536,000 after purchasing an additional 80 shares during the period. Assetmark Inc. boosted its position in shares of Primoris Services by 9.7% during the third quarter. Assetmark Inc. now owns 953 shares of the construction company’s stock valued at $131,000 after buying an additional 84 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Primoris Services by 5.5% in the third quarter. NewEdge Advisors LLC now owns 2,071 shares of the construction company’s stock worth $284,000 after buying an additional 108 shares during the period. Ameritas Investment Partners Inc. grew its position in Primoris Services by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,528 shares of the construction company’s stock valued at $431,000 after acquiring an additional 121 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in Primoris Services by 0.4% in the third quarter. Oliver Luxxe Assets LLC now owns 32,308 shares of the construction company’s stock worth $4,437,000 after purchasing an additional 124 shares during the period. Institutional investors own 91.82% of the company’s stock.

Insider Activity at Primoris Services

In other news, Director Patricia K. Wagner sold 13,491 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $125.23, for a total value of $1,689,477.93. Following the transaction, the director directly owned 4,495 shares in the company, valued at approximately $562,908.85. This represents a 75.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the transaction, the director owned 74,466 shares in the company, valued at $10,127,376. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,888 shares of company stock valued at $3,488,679 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PRIM. Needham & Company LLC reaffirmed a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. UBS Group lifted their price target on shares of Primoris Services from $135.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. 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. The Goldman Sachs Group assumed coverage on shares of Primoris Services in a research note on Monday, November 24th. They set a “sell” rating and a $117.00 target price on the stock. Finally, DA Davidson raised their price target on Primoris Services from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Primoris Services has a consensus rating of “Moderate Buy” and a consensus price target of $142.71.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Primoris Services

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.