DA Davidson Reiterates Buy Rating for Primoris Services (NASDAQ:PRIM)

Primoris Services (NASDAQ:PRIM)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $150.00 target price on the construction company’s stock. DA Davidson’s price objective indicates a potential downside of 1.57% from the stock’s current price.

A number of other research firms also recently weighed in on PRIM. KeyCorp upped their target price on Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. Mizuho set a $129.00 price target on Primoris Services in a research note on Tuesday, October 28th. The Goldman Sachs Group increased their price objective on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $143.00 target price (down from $145.00) on shares of Primoris Services in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.20.

Primoris Services Price Performance

Shares of Primoris Services stock opened at $152.40 on Tuesday. The business has a 50 day moving average of $145.01 and a 200 day moving average of $133.11. Primoris Services has a 52 week low of $49.10 and a 52 week high of $174.43. The company has a market cap of $8.23 billion, a PE ratio of 50.46 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services (NASDAQ:PRIM) last released its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. As a group, equities research analysts forecast that Primoris Services will post 3.26 earnings per share for the current year.

Insider Activity

In related news, Director John P. Schauerman sold 7,815 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the sale, the director directly owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of Primoris Services stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director directly owned 21,530 shares of the company’s stock, valued at $2,909,564.20. This trade represents a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. bought a new position in Primoris Services during the second quarter valued at approximately $3,320,000. GSA Capital Partners LLP purchased a new stake in Primoris Services during the 3rd quarter valued at $1,726,000. J.W. Cole Advisors Inc. bought a new position in shares of Primoris Services during the 3rd quarter valued at $1,193,000. Federated Hermes Inc. boosted its stake in shares of Primoris Services by 5.8% in the 2nd quarter. Federated Hermes Inc. now owns 347,785 shares of the construction company’s stock worth $27,106,000 after buying an additional 18,951 shares during the last quarter. Finally, Leuthold Group LLC boosted its stake in shares of Primoris Services by 1,350.3% in the 3rd quarter. Leuthold Group LLC now owns 48,947 shares of the construction company’s stock worth $6,722,000 after buying an additional 45,572 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Trending Headlines about Primoris Services

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

• Positive Sentiment: UBS raised its price target to $176 and maintained a buy rating, signaling meaningful upside from current levels; this is one of the largest bullish revisions driving investor interest. Article Title
• Positive Sentiment: Guggenheim bumped its target to $170 and kept a buy rating, reinforcing buy-side momentum and supporting the rally. Article Title TickerReport
• Positive Sentiment: Primoris beat Q4 estimates ($1.08 vs. $0.95 consensus) and reported revenue growth; management outlined EPS guidance and highlighted a record ~$11.9B backlog and energy-market growth—fundamentals that support medium-term earnings visibility. Zacks Earnings Guidance/Backlog
• Neutral Sentiment: JPMorgan raised its target to $165 but kept a neutral rating—this raises the implied valuation while offering less directional conviction than a buy. Article Title
• Neutral Sentiment: DA Davidson reiterated a buy rating but set a $150 target, slightly below current levels—mixed signal that may limit further upside from this analyst. Article Title
• Neutral Sentiment: The board declared a modest quarterly dividend of $0.08 (small yield ~0.2%); supportive for income-minded holders but unlikely to materially change valuation. Dividend Announcement
• Negative Sentiment: Mizuho raised its target to $143 but kept a neutral rating; that target implies downside from current prices and introduces some analyst-driven selling pressure. Article Title
• Negative Sentiment: A judge transferred a storm-restoration lawsuit involving Primoris to an Ohio federal court, keeping legal overhang and potential liability on the radar for investors monitoring risk exposure. Lawsuit Transfer

Primoris Services Company Profile

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.