Primoris Services Corporation (NYSE:PRIM) Short Interest Update

Primoris Services Corporation (NYSE:PRIM) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,490,057 shares, an increase of 50.2% from the July 15th total of 2,988,512 shares. Based on an average daily trading volume, of 1,445,998 shares, the short-interest ratio is currently 3.1 days. Approximately 8.4% of the company’s shares are sold short.

Insiders Place Their Bets

In other Primoris Services 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 transaction, the insider directly owned 27,574 shares in the company, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Lee King sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total value of $2,381,800.00. Following the completion of the transaction, the director directly owned 14,941 shares of the company’s stock, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Primoris Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Primoris Services in the 2nd quarter valued at about $677,685,000. Vanguard Group Inc. boosted its position in Primoris Services by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company’s stock valued at $804,361,000 after purchasing an additional 466,192 shares during the last quarter. First Trust Advisors LP boosted its position in Primoris Services by 47.4% during the first quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock valued at $412,837,000 after purchasing an additional 928,155 shares during the last quarter. State Street Corp grew its stake in Primoris Services by 56.8% in the fourth quarter. State Street Corp now owns 2,011,488 shares of the company’s stock valued at $249,866,000 after purchasing an additional 728,646 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Primoris Services by 163.0% in the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock valued at $216,774,000 after purchasing an additional 1,082,218 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PRIM shares. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $105.00 to $116.00 in a research report on Monday, June 29th. KeyCorp restated a “sector weight” rating on shares of Primoris Services in a report on Tuesday, June 23rd. Cantor Fitzgerald lifted their price target on shares of Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. UBS Group reiterated a “neutral” rating on shares of Primoris Services in a report on Monday, August 10th. Finally, Mizuho reduced their price target on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.27.

Key Stories Impacting Primoris Services

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

• Neutral Sentiment: A valuation review noted that Primoris shares recently declined and were trading near the publisher’s estimated GF Value, suggesting limited valuation support despite the selloff. A Look at Primoris Services Corp After Decline
• Negative Sentiment: Multiple law firms—including Kaplan Fox, Kahn Swick & Foti, Rosen, Pomerantz, Robbins Geller, Hagens Berman, and others—reminded investors of a September 21, 2026 deadline to seek lead-plaintiff status in a securities class action covering purchases from August 5, 2025, through June 22, 2026. The repeated notices increase visibility around the litigation and investor losses. Rosen investor notice
• Negative Sentiment: The complaints allege that Primoris made misleading statements about cost forecasting, project management, and expected profitability, particularly involving six renewable-energy projects. Investors allege that earlier warning signs were followed by a sharp reduction in earnings guidance in June 2026, contributing to a reported $23.39 per-share decline. These are allegations, not established findings. Levi and Korsinsky Primoris alert
• Negative Sentiment: Recent coverage also characterized Primoris’s second-quarter 2026 results and earnings call as weak, intensifying concerns about renewable-project failures, cost overruns, and the company’s ability to meet its revised outlook. Hagens Berman Primoris investor alert

Primoris Services Stock Down 0.3%

Primoris Services stock traded down $0.23 during midday trading on Wednesday, reaching $79.57. The stock had a trading volume of 333,489 shares, compared to its average volume of 1,432,561. The firm’s fifty day simple moving average is $89.30 and its 200-day simple moving average is $124.80. Primoris Services has a 1-year low of $65.00 and a 1-year high of $205.50. The stock has a market capitalization of $4.28 billion, a P/E ratio of 31.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The business’s revenue was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 EPS. As a group, analysts expect that Primoris Services will post 1.76 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 annualized dividend and a yield of 0.4%. Primoris Services’s dividend payout ratio is presently 12.55%.

Primoris Services Company Profile

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.