Insider Selling: Thomas E. Tucker Unloads 2,000 Shares of Primoris Services Corp. Stock (PRIM)
Primoris Services Corp. (NASDAQ:PRIM) Director Thomas E. Tucker sold 2,000 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $29.06, for a total value of $58,120.00. Following the sale, the director now directly owns 9,093 shares in the company, valued at approximately $264,243. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Primoris Services Corp. (NASDAQ:PRIM) traded down 0.35% on Monday, hitting $28.84. The stock had a trading volume of 322,701 shares. Primoris Services Corp. has a 52-week low of $19.35 and a 52-week high of $33.42. The stock has a 50-day moving average of $29.39 and a 200-day moving average of $30.19. The company has a market cap of $1.490 billion and a P/E ratio of 21.14.
Primoris Services Corp. (NASDAQ:PRIM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $470.00 million for the quarter, compared to the consensus estimate of $460.95 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts expect that Primoris Services Corp. will post $1.59 EPS for the current fiscal year.
A number of analysts have recently weighed in on PRIM shares. Analysts at Global Hunter Securities initiated coverage on shares of Primoris Services Corp. in a research note on Thursday, June 19th. They set an “accumulate” rating and a $34.00 price target on the stock. Analysts at DA Davidson cut their price target on shares of Primoris Services Corp. from $35.00 to $32.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.26.
Primoris Services Corporation (NASDAQ:PRIM) is a holding company of various subsidiaries, which form specialty contractors and infrastructure companies in the United States.
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