Primoris Services (NASDAQ:PRIM) Releases Earnings Results, Beats Expectations By $0.13 EPS

Primoris Services (NASDAQ:PRIM) released its quarterly earnings results on Monday. The construction company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13, Briefing.com reports. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.During the same quarter last year, the company earned $1.13 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Primoris Services updated its FY 2026 guidance to 5.800-6.000 EPS.

Primoris Services Stock Down 2.0%

PRIM traded down $3.35 on Monday, hitting $166.01. 677,077 shares of the company were exchanged, compared to its average volume of 713,382. The stock’s fifty day moving average is $143.26 and its 200-day moving average is $132.31. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $8.97 billion, a PE ratio of 54.97 and a beta of 1.37.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company started coverage on shares of Primoris Services in a report on Friday, November 14th. They set an “equal weight” rating and a $138.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. KeyCorp boosted their price objective on shares of Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. DA Davidson increased their target price on Primoris Services from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald started coverage on Primoris Services in a research note on Friday, January 23rd. They issued a “neutral” rating and a $160.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and an average price target of $144.93.

Insider Activity at Primoris Services

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the sale, the director directly owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of Primoris Services stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director directly owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. This trade represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Primoris Services

A number of institutional investors have recently bought and sold shares of the business. Osterweis Capital Management Inc. bought a new stake in Primoris Services in the 2nd quarter valued at $34,000. NewEdge Advisors LLC lifted its holdings in shares of Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the construction company’s stock worth $43,000 after buying an additional 194 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Primoris Services by 31.0% in the third quarter. Public Employees Retirement System of Ohio now owns 634 shares of the construction company’s stock valued at $87,000 after acquiring an additional 150 shares during the period. Globeflex Capital L P acquired a new position in shares of Primoris Services in the second quarter valued at about $102,000. Finally, EverSource Wealth Advisors LLC increased its position in Primoris Services by 3,441.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $108,000 after acquiring an additional 1,342 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Company Profile

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.