Primoris Services (NASDAQ:PRIM) Stock Price Expected to Rise, Mizuho Analyst Says

Primoris Services (NASDAQ:PRIM) had its price objective hoisted by analysts at Mizuho from $128.00 to $143.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Mizuho’s price objective would indicate a potential downside of 5.10% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company began coverage on Primoris Services in a research note on Friday, November 14th. They set an “equal weight” rating and a $138.00 price objective for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $143.00 target price (down from $145.00) on shares of Primoris Services in a research report on Monday, December 8th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $161.00 price objective on shares of Primoris Services in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Primoris Services in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.53.

Primoris Services Price Performance

Shares of NASDAQ:PRIM traded down $1.23 during midday trading on Wednesday, reaching $150.69. 473,181 shares of the company’s stock were exchanged, compared to its average volume of 751,175. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.38 and a current ratio of 1.38. The company’s 50 day simple moving average is $144.43 and its two-hundred day simple moving average is $132.97. Primoris Services has a 12 month low of $49.10 and a 12 month high of $174.43. The firm has a market capitalization of $8.14 billion, a PE ratio of 50.01 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company earned $1.13 earnings per share. The company’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. Equities research analysts expect that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Primoris Services

In other Primoris Services news, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the transaction, the director directly owned 21,530 shares in the company, valued at approximately $2,909,564.20. This represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Primoris Services

A number of hedge funds and other institutional investors have recently bought and sold shares of PRIM. Vanguard Group Inc. raised its holdings in Primoris Services by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 6,479,466 shares of the construction company’s stock worth $804,361,000 after buying an additional 466,192 shares during the period. State Street Corp raised its holdings in shares of Primoris Services by 56.8% during the fourth quarter. State Street Corp now owns 2,011,488 shares of the construction company’s stock worth $249,866,000 after acquiring an additional 728,646 shares during the period. First Trust Advisors LP raised its holdings in shares of Primoris Services by 12.1% during the fourth quarter. First Trust Advisors LP now owns 1,958,008 shares of the construction company’s stock worth $243,067,000 after acquiring an additional 211,096 shares during the period. Wellington Management Group LLP boosted its stake in Primoris Services by 163.0% in the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the construction company’s stock worth $216,774,000 after purchasing an additional 1,082,218 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Primoris Services by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,325,103 shares of the construction company’s stock worth $164,526,000 after purchasing an additional 42,052 shares during the period. 91.82% of the stock is owned by institutional investors.

Key Stories Impacting Primoris Services

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

• Positive Sentiment: Q4 results topped expectations: EPS $1.08 vs. $0.95 est and revenue $1.86B vs. $1.82B (revenue +6.7% y/y), showing underlying operating strength. Zacks: PRIM tops Q4
• Positive Sentiment: Company updated FY2026 guidance (management-provided range reported in filings/announcements), which supports forward earnings expectations (management has signaled a multi-dollar EPS target for FY26).
• Positive Sentiment: Guggenheim raised its price target to $170 and has a “buy” rating — a meaningful upside call from a large shop that can support further analyst-driven interest. Guggenheim raises PT
• Positive Sentiment: DA Davidson reaffirmed a “buy” rating with a $150 target, adding confirmation from another sell-side analyst. DA Davidson reaffirmation
• Neutral Sentiment: Board declared a quarterly cash dividend of $0.08 per share (ex-dividend March 31), a small yield that is more of a shareholder return signal than a material income source. Dividend announcement
• Neutral Sentiment: Earnings call transcript and investor commentary are available for details on backlog, margins and segment trends — useful for parsing management tone and guidance detail. Earnings call transcript
• Neutral Sentiment: Some media reports show a different FY26 EPS range (e.g., $5.35–$5.55), creating short-term information noise that can increase volatility until company disclosures are reconciled. Conflicting guidance report
• Negative Sentiment: A storm-restoration lawsuit involving FirstEnergy was transferred to Ohio federal court — an open legal matter that could pose financial or reputational risk depending on outcomes. Lawsuit transfer
• Negative Sentiment: Despite the strong quarter, some outlets reported the stock fell after earnings — suggesting profit-taking, mixed interpretation of guidance, or short-term investor rotation away from the name. Market reaction

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.