Primoris Services (NASDAQ:PRIM) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Primoris Services (NASDAQ:PRIM) released its quarterly earnings data on Monday. The construction company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13, Briefing.com reports. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. Primoris Services updated its FY 2026 guidance to 5.800-6.000 EPS.

Primoris Services Price Performance

PRIM stock traded down $3.35 during midday trading on Monday, reaching $166.01. 677,077 shares of the company’s stock traded hands, compared to its average volume of 713,382. The company has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $132.31. 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 has a 1-year low of $49.10 and a 1-year high of $174.43. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 54.97 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PRIM. Needham & Company LLC reiterated a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. Mizuho set a $129.00 price target on shares of Primoris Services in a research note on Tuesday, October 28th. Guggenheim upgraded Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and issued a $161.00 target price on shares of Primoris Services in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald assumed coverage on Primoris Services in a research note on Friday, January 23rd. They issued a “neutral” rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.93.

Insider Buying and Selling at Primoris Services

In other news, Director Carla S. Mashinski sold 2,082 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total value of $281,361.48. Following the completion of the sale, the director directly owned 21,530 shares in the company, valued at approximately $2,909,564.20. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Schauerman sold 7,815 shares of the stock in a transaction dated Thursday, December 11th. The stock was 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 in the company, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new position in Primoris Services during the second quarter valued at approximately $34,000. NewEdge Advisors LLC boosted its position in shares of Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the construction company’s stock worth $43,000 after purchasing an additional 194 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Primoris Services by 31.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the construction company’s stock valued at $87,000 after buying an additional 150 shares during the period. Globeflex Capital L P bought a new stake in shares of Primoris Services in the 2nd quarter valued at $102,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Primoris Services by 3,441.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock valued at $108,000 after buying an additional 1,342 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About Primoris Services

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.