UBS Group Cuts Primoris Services (NYSE:PRIM) Price Target to $138.00

Primoris Services (NYSE:PRIM) had its price target trimmed by UBS Group from $186.00 to $138.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

PRIM has been the topic of several other research reports. Weiss Ratings cut shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price objective on shares of Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. The Goldman Sachs Group upgraded shares of Primoris Services from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $107.00 to $102.00 in a report on Thursday, June 25th. Finally, KeyCorp reissued a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Eleven 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, Primoris Services currently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Trading Down 0.8%

Shares of NYSE PRIM opened at $81.47 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.39 billion, a PE ratio of 31.95 and a beta of 1.43. Primoris Services has a twelve month low of $65.00 and a twelve month high of $205.50. The stock has a fifty day simple moving average of $92.29 and a 200-day simple moving average of $126.72.

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

Primoris Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

Insider Activity

In other news, Director David Lee King sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John M. Perisich sold 29,707 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $127.86, for a total value of $3,798,337.02. Following the transaction, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its stake in shares of Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after buying an additional 69 shares during the period. Cullen Frost Bankers Inc. increased its position in Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after acquiring an additional 81 shares during the period. Covestor Ltd increased its position in Primoris Services by 13.4% in the 4th quarter. Covestor Ltd now owns 719 shares of the company’s stock valued at $89,000 after acquiring an additional 85 shares during the period. CWM LLC raised its stake in Primoris Services by 1.1% during the 4th quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after acquiring an additional 96 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Primoris Services by 18.6% during the 4th quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $78,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds 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: UBS maintained a Buy rating on Primoris while lowering its price target to $138, suggesting the firm still sees substantial long-term upside despite recent concerns. UBS Group Lowers Primoris Services Price Target
• Neutral Sentiment: Multiple law firms publicized the same securities class action and a September 21, 2026 lead-plaintiff application deadline. The lawsuit covers investors who acquired PRIM securities from August 5, 2025, through June 22, 2026; these announcements primarily increase visibility around existing litigation rather than represent separate lawsuits. Robbins LLP Class Action Notice
• Negative Sentiment: The litigation alleges Primoris misled investors about project-management capabilities, cost forecasts, oversight and expected profitability at certain renewable-energy projects. One notice alleges disclosures related to six projects contributed to a $23.39-per-share decline. If the claims proceed, Primoris could face legal costs, damages and further reputational pressure. Levi and Korsinsky Primoris Investor Notice
• Negative Sentiment: Short interest jumped 50.2% in the second half of July to 4.49 million shares, representing 8.4% of shares outstanding and 3.1 days of average trading volume. The increase indicates stronger bearish positioning and may amplify volatility.
• Negative Sentiment: Recent operating results remain a headwind. Primoris reported a quarterly loss of $0.27 per share, although it exceeded the expected loss of $0.35. Revenue of $1.69 billion missed estimates and declined 10.7% year over year, while the company’s roughly 1.9% net margin highlights limited profitability.

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.