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

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Primoris Services Co. (NASDAQ:PRIM). In a filing disclosed on December 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Primoris Services stock on November 6th. 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 Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Primoris Services Stock Performance

Primoris Services stock opened at $122.99 on Thursday. Primoris Services Co. has a fifty-two week low of $49.10 and a fifty-two week high of $146.16. The firm’s 50 day simple moving average is $130.23 and its 200-day simple moving average is $111.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $6.65 billion, a P/E ratio of 40.73 and a beta of 1.37.

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

Primoris Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st. Primoris Services’s dividend payout ratio (DPR) is presently 6.31%.

Insider Buying and Selling

In other Primoris Services news, CEO David Lee King sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $130.00, for a total transaction of $455,000.00. Following the completion of the sale, the chief executive officer owned 21,302 shares of the company’s stock, valued at $2,769,260. This represents a 14.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Schauerman sold 7,815 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the transaction, the director owned 74,466 shares in the company, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,888 shares of company stock worth $3,488,679 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Glj Research assumed coverage on Primoris Services in a report on Monday, September 22nd. They set a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $143.00 price objective (down from $145.00) on shares of Primoris Services in a research report on Monday, December 8th. Wells Fargo & Company assumed coverage on Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 target price on the stock. KeyCorp increased their price target on shares of Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $161.00 price objective on shares of Primoris Services in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.57.

Institutional Trading of Primoris Services

A number of institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in shares of Primoris Services by 835.3% during the 3rd quarter. IFP Advisors Inc now owns 477 shares of the construction company’s stock worth $66,000 after purchasing an additional 426 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of Primoris Services in the 3rd quarter valued at $356,000. Cambria Investment Management L.P. boosted its holdings in Primoris Services by 24.9% in the third quarter. Cambria Investment Management L.P. now owns 8,613 shares of the construction company’s stock worth $1,183,000 after purchasing an additional 1,719 shares in the last quarter. JPMorgan Chase & Co. increased its position in Primoris Services by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 486,200 shares of the construction company’s stock worth $66,770,000 after buying an additional 85,044 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Primoris Services during the third quarter worth $793,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. 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.