Primoris Services (NYSE:PRIM) Hits New 12-Month Low – Time to Sell?

Primoris Services Corporation (NYSE:PRIM) reached a new 52-week low during trading on Tuesday . The company traded as low as $68.89 and last traded at $66.4780, with a volume of 232308 shares trading hands. The stock had previously closed at $108.34.

Key Primoris Services News

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

• Positive Sentiment: KeyCorp reaffirmed its “sector weight” rating on Primoris Services, signaling the stock still has some analyst support despite the recent setback. Benzinga / Tickerreport.com coverage
• Neutral Sentiment: Broader market weakness and lower U.S. stock futures may also be adding pressure to PRIM along with other stocks in Tuesday’s pre-market trading. Benzinga article
• Negative Sentiment: Primoris slashed 2026 guidance after identifying additional renewables cost overruns and delays, including a reduced EPS outlook of $2.05-$2.60 from $4.80-$5.00 and lower EBITDA expectations, which is the main reason the stock has been falling. Business Wire business update
• Negative Sentiment: Law firms and investors are now highlighting potential securities-related investigations tied to the company’s disclosures, which can further weigh on sentiment. GlobeNewswire investigation

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Primoris Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company dropped their price target on shares of Primoris Services from $168.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research note on Wednesday, February 25th. Wolfe Research reiterated an “outperform” rating and issued a $149.00 price target on shares of Primoris Services in a report on Monday, June 15th. Finally, Weiss Ratings lowered shares of Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.73.

Primoris Services Stock Down 32.5%

The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 16.03 and a beta of 1.37. The firm has a 50-day moving average of $130.63 and a 200 day moving average of $138.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.28). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, sell-side analysts anticipate that Primoris Services Corporation will post 4.55 earnings per share for the current year.

Primoris Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s payout ratio is currently 7.05%.

Insider Transactions at Primoris Services

In other news, 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 sale, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the sale, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Primoris Services

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC raised its position in shares of Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Primoris Services by 30.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after buying an additional 81 shares in the last quarter. Assetmark Inc. grew its position in shares of Primoris Services by 9.7% during the third quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $131,000 after buying an additional 84 shares in the last quarter. Covestor Ltd increased its stake in shares of Primoris Services by 13.4% in the fourth quarter. Covestor Ltd now owns 719 shares of the company’s stock worth $89,000 after buying an additional 85 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Primoris Services by 1.1% in the fourth quarter. CWM LLC now owns 8,970 shares of the company’s stock worth $1,114,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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.