Primoris Services (NYSE:PRIM) Stock Falls 13.7% – Here’s What Happened

Primoris Services Corporation (NYSE:PRIM) shares fell 13.7% on Wednesday. The company traded as low as $68.00 and last traded at $68.6380. Approximately 1,319,436 shares were traded during mid-day trading, a decline of 7% from the average session volume of 1,414,242 shares. The stock had previously closed at $79.57.

Key Primoris Services News

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

• Positive Sentiment: Primoris earned $1.20 per share, topping the $0.81 analyst consensus. One earnings analysis also suggested that the drag from renewables may be nearing an end, which could offer a brighter outlook if that trend materializes. Primoris Q3 earnings surpass estimates Primoris Q3 2026 earnings analysis
• Neutral Sentiment: The company declared a quarterly dividend of $0.08 per share, or $0.32 annualized. The modest payout provides some shareholder income but is unlikely to outweigh the earnings and revenue outlook for investors. Primoris Q3 results presentation
• Negative Sentiment: Revenue was $1.95 billion, below the roughly $2 billion analyst estimate and down 10.4% from a year earlier. EPS also fell from $1.88 a year ago, and coverage characterized quarterly profit as lower. These year-over-year declines and the revenue miss temper the headline earnings beat. Primoris reports third-quarter 2026 results Primoris Q3 profit drops

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PRIM. Weiss Ratings downgraded Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Roth Capital restated a “buy” rating and set a $100.00 target price on shares of Primoris Services in a report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating and set a $99.00 price target on shares of Primoris Services in a research report on Thursday, October 8th. Piper Sandler assumed coverage on Primoris Services in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Guggenheim lowered their price objective on Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and an average price target of $123.47.

Primoris Services Trading Down 14.3%

The stock has a market cap of $3.67 billion, a P/E ratio of 26.75 and a beta of 1.44. 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’s fifty day moving average price is $75.28 and its 200 day moving average price is $112.60.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.39. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 EPS. Equities research analysts expect that Primoris Services Corporation will post 1.77 earnings per share for the current year.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, December 31st. Primoris Services’s dividend payout ratio is presently 12.55%.

Institutional Trading of Primoris Services

Several large investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of Primoris Services during the 2nd quarter valued at about $26,000. Salomon & Ludwin LLC lifted its stake in shares of Primoris Services by 107.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 377 shares of the company’s stock worth $28,000 after purchasing an additional 195 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Primoris Services by 43.1% in 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 last quarter. Persistent Asset Partners Ltd bought a new stake in Primoris Services during the second quarter valued at approximately $36,000. Finally, Osterweis Capital Management Inc. bought a new stake in Primoris Services during the second quarter valued at approximately $43,000. Institutional investors own 91.82% of the company’s stock.

Primoris Services Company Profile

Primoris Services Corporation (NYSE: PRIM) is a specialty contractor that provides construction, engineering, maintenance and fabrication services for critical infrastructure. The company serves customers in the energy, utilities and industrial markets, with work spanning power generation, power delivery, natural gas, renewable energy, petrochemical and industrial facilities.

Its services include utility and transmission construction, renewable energy development support, underground and overhead infrastructure, pipeline construction, facility maintenance, environmental services and specialty industrial construction.