Primoris Services Corporation (NYSE:PRIM) Short Interest Update

Primoris Services Corporation (NYSE:PRIM) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,490,057 shares, an increase of 50.2% from the July 15th total of 2,988,512 shares. Based on an average daily volume of 1,445,998 shares, the short-interest ratio is presently 3.1 days. Currently, 8.4% of the shares of the company are sold short.

Analyst Ratings Changes

PRIM has been the subject of a number of analyst reports. Mizuho reduced their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Oppenheimer initiated coverage on Primoris Services in a report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 price objective on the stock. Wells Fargo & Company cut their price objective on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised Primoris Services from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. Finally, Needham & Company LLC decreased their target price on Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.27.

Primoris Services Price Performance

NYSE:PRIM opened at $79.67 on Thursday. Primoris Services has a one year low of $65.00 and a one year high of $205.50. The stock has a market cap of $4.29 billion, a PE ratio of 31.24 and a beta of 1.43. The stock has a 50 day moving average price of $89.01 and a 200 day moving average price of $124.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. Primoris Services’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. Equities research analysts expect that Primoris Services will post 1.76 EPS for the current fiscal year.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Primoris Services’s payout ratio is presently 12.55%.

Key Stories Impacting Primoris Services

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

• Negative Sentiment: Multiple law firms publicized an existing securities lawsuit against Primoris, alleging that the company misled investors about its ability to manage fixed-price renewable projects. The allegations reportedly involve cost overruns and failures across six renewable-energy projects, followed by a June 2026 guidance reset. These claims increase legal, financial, and reputational risks, although they have not been proven in court. PRIM Investor Alert: Primoris Services Corporation Securities Class Action Notice
• Negative Sentiment: Investor alerts characterize Primoris’ second-quarter 2026 results and earnings call as weak, intensifying concerns about renewable-project execution and the potential impact on future earnings. The combination of disappointing operating performance and litigation is weighing on investor confidence. Primoris Investor Alert on Q2 Results and Securities Class Action
• Neutral Sentiment: Several firms reminded shareholders who purchased PRIM between August 5, 2025, and June 22, 2026, that September 21, 2026, is the deadline to seek appointment as lead plaintiff. The announcements primarily solicit investors and do not represent a new company filing or an adjudication of the allegations, but their high volume keeps the litigation in focus. Rosen Primoris Investor Deadline Notice

Insider Buying and Selling at Primoris Services

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its position in Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after purchasing an additional 81 shares during the period. Covestor Ltd increased its position in shares of Primoris Services by 13.4% during the 4th quarter. Covestor Ltd now owns 719 shares of the company’s stock worth $89,000 after purchasing an additional 85 shares during the last quarter. CWM LLC increased its position in shares of Primoris Services by 1.1% during the fourth quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after acquiring an additional 96 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Primoris Services by 18.6% in the 4th quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $78,000 after purchasing an additional 98 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Primoris Services

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.