Primoris Services (NASDAQ:PRIM) Price Target Raised to $143.00

Primoris Services (NASDAQ:PRIM) had its price objective hoisted by analysts at Mizuho from $128.00 to $143.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Mizuho’s price target would suggest a potential downside of 5.10% from the company’s current price.

Several other analysts have also issued reports on the company. Cantor Fitzgerald set a $160.00 target price on Primoris Services and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company assumed coverage on Primoris Services in a research report on Friday, November 14th. They set an “equal weight” rating and a $138.00 price target on the stock. KeyCorp increased their price objective on Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Guggenheim raised their target price on shares of Primoris Services from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, DA Davidson set a $180.00 price target on shares of Primoris Services in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.53.

Primoris Services Stock Down 0.8%

Shares of PRIM stock traded down $1.23 during trading on Wednesday, reaching $150.69. The company’s stock had a trading volume of 473,181 shares, compared to its average volume of 751,175. Primoris Services has a one year low of $49.10 and a one year high of $174.43. The business has a fifty day moving average price of $144.43 and a 200-day moving average price of $132.97. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 50.01 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services (NASDAQ:PRIM) last issued its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $1.13 EPS. The company’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 anticipate that Primoris Services will post 3.26 earnings per share for the current year.

Insider Transactions at Primoris Services

In other news, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the sale, the director directly owned 21,530 shares in the company, valued at approximately $2,909,564.20. This represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,062,840.00. Following the sale, the director owned 74,466 shares in the company, valued at $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Primoris Services

A number of institutional investors and hedge funds have recently made changes to their positions in PRIM. Mercer Global Advisors Inc. ADV raised its position in Primoris Services by 5.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 121,701 shares of the construction company’s stock valued at $15,108,000 after purchasing an additional 6,422 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Primoris Services by 1,703.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 21,535 shares of the construction company’s stock valued at $2,673,000 after purchasing an additional 20,341 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Primoris Services during the 4th quarter worth $246,000. Mackenzie Financial Corp lifted its position in shares of Primoris Services by 7.0% during the 4th quarter. Mackenzie Financial Corp now owns 407,025 shares of the construction company’s stock worth $50,506,000 after buying an additional 26,685 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Primoris Services by 27.9% in the fourth quarter. Empowered Funds LLC now owns 17,735 shares of the construction company’s stock valued at $2,202,000 after buying an additional 3,868 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Primoris Services News Summary

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

• Positive Sentiment: Q4 results topped expectations: EPS $1.08 vs. $0.95 est and revenue $1.86B vs. $1.82B (revenue +6.7% y/y), showing underlying operating strength. Zacks: PRIM tops Q4
• Positive Sentiment: Company updated FY2026 guidance (management-provided range reported in filings/announcements), which supports forward earnings expectations (management has signaled a multi-dollar EPS target for FY26).
• Positive Sentiment: Guggenheim raised its price target to $170 and has a “buy” rating — a meaningful upside call from a large shop that can support further analyst-driven interest. Guggenheim raises PT
• Positive Sentiment: DA Davidson reaffirmed a “buy” rating with a $150 target, adding confirmation from another sell-side analyst. DA Davidson reaffirmation
• Neutral Sentiment: Board declared a quarterly cash dividend of $0.08 per share (ex-dividend March 31), a small yield that is more of a shareholder return signal than a material income source. Dividend announcement
• Neutral Sentiment: Earnings call transcript and investor commentary are available for details on backlog, margins and segment trends — useful for parsing management tone and guidance detail. Earnings call transcript
• Neutral Sentiment: Some media reports show a different FY26 EPS range (e.g., $5.35–$5.55), creating short-term information noise that can increase volatility until company disclosures are reconciled. Conflicting guidance report
• Negative Sentiment: A storm-restoration lawsuit involving FirstEnergy was transferred to Ohio federal court — an open legal matter that could pose financial or reputational risk depending on outcomes. Lawsuit transfer
• Negative Sentiment: Despite the strong quarter, some outlets reported the stock fell after earnings — suggesting profit-taking, mixed interpretation of guidance, or short-term investor rotation away from the name. Market reaction

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.