Short Interest in Primoris Services Corporation (NYSE:PRIM) Increases By 50.2%

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

Trending Headlines about Primoris Services

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

• Neutral Sentiment: Several law firms reminded investors that September 21, 2026 is the deadline to seek appointment as lead plaintiff in the securities lawsuit covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. The notices are largely procedural and do not establish liability. PRIM Investors Have Opportunity to Lead Primoris Services Corporation Securities Fraud Lawsuit
• Negative Sentiment: The lawsuit alleges that Primoris and certain executives misled investors about cost forecasting, project oversight, project-management capabilities, and expected profitability on renewable-energy construction projects. The allegations remain unproven. PRIM Investor Alert: Primoris Services Corporation Investors with Substantial Losses Have Opportunity to Lead the Primoris Class Action Lawsuit
• Negative Sentiment: Investor-alert releases link the alleged project-cost problems to a June 2026 guidance reset involving six renewable-energy projects. One filing-related notice says the reduced outlook was associated with an alleged $23.39-per-share decline, increasing the perceived financial and litigation risk. PRIM Upcoming Deadline: Levi & Korsinsky Alerts Primoris Services Corporation Stockholders
• Negative Sentiment: Additional reports describe Primoris’s second-quarter 2026 results as disappointing and say the earnings release and conference call intensified scrutiny of the renewable-project issues. This reinforces concerns about execution, margins, future earnings, and potential legal costs. Prim Investor Alert: Primoris Reports Q2 Results Amid Securities Class Action

Insiders Place Their Bets

In related news, insider John M. Perisich sold 29,707 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares in the company, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Lee King sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

A number of hedge funds have recently added to or reduced their stakes in PRIM. Global Retirement Partners LLC acquired a new position in Primoris Services in the second quarter valued at about $26,000. Harbour Investments Inc. acquired a new stake in Primoris Services during the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its holdings in shares of Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after acquiring an additional 69 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of Primoris Services during the 2nd quarter worth approximately $34,000. Finally, Persistent Asset Partners Ltd bought a new position in Primoris Services in the second quarter valued at approximately $36,000. Institutional investors own 91.82% of the company’s stock.

Primoris Services Stock Down 2.4%

NYSE PRIM traded down $1.95 during trading hours on Tuesday, hitting $81.10. 209,789 shares of the company traded hands, compared to its average volume of 1,435,006. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50-day moving average is $89.78 and its 200-day moving average is $125.29. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 31.85 and a beta of 1.43. Primoris Services has a twelve month low of $65.00 and a twelve month high of $205.50.

Primoris Services (NYSE:PRIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.68 earnings per share. Sell-side analysts anticipate that Primoris Services will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald upped their price objective on Primoris Services from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings cut Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Wall Street Zen lowered Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. upgraded shares of Primoris Services from a “neutral” rating to an “overweight” rating and upped their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th. Finally, Guggenheim reduced their price target on Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.27.

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.