Primoris Services’ (PRIM) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Primoris Services (NYSE:PRIM) in a report issued on Wednesday morning,Benzinga reports. They currently have a $100.00 price target on the stock.

A number of other research firms also recently weighed in on PRIM. Zacks Research downgraded shares of Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Roth Capital restated a “buy” rating and set a $100.00 price objective on shares of Primoris Services in a research note on Monday, July 20th. Finally, Oppenheimer began coverage on shares of Primoris Services in a report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.13.

Primoris Services Stock Performance

NYSE PRIM opened at $82.96 on Wednesday. The company has a 50 day moving average of $94.83 and a 200-day moving average of $128.30. The company has a current ratio of 1.18, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Primoris Services has a 1-year low of $65.00 and a 1-year high of $205.50. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 32.53 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last released its earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate 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 for the quarter was down 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. On average, equities analysts forecast that Primoris Services will post 1.87 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

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

Insider Transactions at Primoris Services

In related news, insider John M. Perisich sold 29,707 shares of the company’s 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 transaction, the insider owned 27,574 shares in the company, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Lee King sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 14,941 shares of the company’s stock, valued at $1,779,323.69. This trade represents a 57.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Primoris Services

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Primoris Services during the second quarter worth $677,685,000. Deutsche Bank AG acquired a new stake in shares of Primoris Services in the 2nd quarter valued at about $842,000. Persistent Asset Partners Ltd bought a new stake in Primoris Services in the 2nd quarter valued at about $36,000. Horizon Investment Services LLC bought a new stake in Primoris Services in the 2nd quarter valued at about $270,000. Finally, Global Retirement Partners LLC acquired a new position in Primoris Services during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services News Roundup

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

• Positive Sentiment: Guggenheim maintained a “Buy” rating while lowering its price target from $162 to $127, implying substantial upside from recent levels. The revised target suggests the firm still sees meaningful long-term value despite recent execution concerns. Benzinga analyst rating report
• Neutral Sentiment: Cantor Fitzgerald reaffirmed its “Neutral” rating on Primoris. The decision provides no new positive catalyst but indicates the firm has not further downgraded its view following the company’s recent results and legal developments. Cantor Fitzgerald rating report
• Negative Sentiment: Primoris is facing a securities class-action lawsuit covering investors who purchased shares from August 5, 2025, through June 22, 2026. Multiple law firms publicized the September 21, 2026 lead-plaintiff deadline. The complaint alleges that the company and certain current and former executives made misleading statements about cost forecasting, project oversight, and profitability at renewable-energy construction projects, including alleged cost overruns and delays. These are allegations, and the litigation could create legal costs, reputational risk, and additional uncertainty for shareholders. Robbins LLP class-action notice
• Negative Sentiment: Quarterly revenue missed expectations: Primoris reported $1.69 billion in revenue versus the $1.73 billion consensus estimate, with sales down 10.7% year over year. The company did beat the adjusted EPS estimate, reporting a loss of $0.27 versus expectations for a $0.35 loss, but the revenue shortfall and project-execution concerns remain pressure points. Primoris Q2 2026 earnings call transcript

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.