Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Primoris Services Corporation (NYSE:PRIM)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Primoris Services Corporation (NYSE:PRIM). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Primoris Services stock on May 8th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Primoris Services Price Performance

Shares of PRIM traded down $1.57 during trading hours on Thursday, hitting $92.31. 1,243,893 shares of the company were exchanged, compared to its average volume of 1,249,321. The firm has a fifty day simple moving average of $138.54 and a 200-day simple moving average of $139.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $5.01 billion, a PE ratio of 20.40 and a beta of 1.36. Primoris Services Corporation has a one year low of $71.97 and a one year high of $205.50.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, sell-side analysts predict that Primoris Services Corporation will post 4.55 earnings per share for the current year.

Primoris Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, June 30th. Primoris Services’s dividend payout ratio (DPR) is presently 7.05%.

Insider Buying and Selling

In other news, Director David Lee King sold 20,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the sale, the insider owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PRIM shares. Wells Fargo & Company decreased their price objective on Primoris Services from $168.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research note on Wednesday, February 25th. Cantor Fitzgerald restated a “neutral” rating on shares of Primoris Services in a research note on Tuesday. Zacks Research cut Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Needham & Company LLC decreased their price objective on shares of Primoris Services from $205.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and an average price target of $156.20.

Hedge Funds Weigh In On Primoris Services

Several hedge funds have recently made changes to their positions in PRIM. Bank of America Corp DE increased its stake in shares of Primoris Services by 4.4% during the first quarter. Bank of America Corp DE now owns 324,887 shares of the company’s stock valued at $46,472,000 after buying an additional 13,617 shares during the period. South Dakota Investment Council bought a new stake in shares of Primoris Services during the 1st quarter worth approximately $1,116,000. Altshuler Shaham Ltd purchased a new stake in Primoris Services in the first quarter worth $118,000. Smith Group Asset Management LLC grew its holdings in shares of Primoris Services by 4.6% in the first quarter. Smith Group Asset Management LLC now owns 9,428 shares of the company’s stock worth $1,349,000 after purchasing an additional 413 shares during the last quarter. Finally, Amundi lifted its holdings in Primoris Services by 183.1% during the 1st quarter. Amundi now owns 7,662 shares of the company’s stock valued at $1,096,000 after buying an additional 4,956 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.