Primoris Services (NYSE:PRIM) Rating Increased to Hold at Zacks Research

Primoris Services (NYSE:PRIM) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

PRIM has been the subject of several other reports. Wall Street Zen cut shares of Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Wells Fargo & Company reduced their price target on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised shares of Primoris Services from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $107.00 to $102.00 in a research note on Thursday, June 25th. Mizuho lowered their price objective on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Finally, KeyCorp restated a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Trading Down 0.4%

Shares of NYSE:PRIM opened at $74.83 on Monday. The business’s 50 day simple moving average is $87.19 and its 200 day simple moving average is $122.21. Primoris Services has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $4.03 billion, a P/E ratio of 29.35 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The company’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 EPS. On average, research analysts anticipate that Primoris Services will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Primoris Services

In related news, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction that occurred on 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 directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRIM. Root Financial Partners LLC increased its holdings in shares of Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Primoris Services during the 2nd quarter valued at $26,000. Harbour Investments Inc. bought a new stake in Primoris Services during the 4th quarter worth $33,000. Cullen Frost Bankers Inc. grew its position in 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 acquiring an additional 81 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in Primoris Services in the 2nd quarter worth about $36,000. Institutional investors own 91.82% of the company’s stock.

More Primoris Services News

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

• Positive Sentiment: Primoris retains potential recovery upside from its broad infrastructure exposure and record backlog, according to a comparison with Argan. However, the article characterized Argan as having stronger growth, backlog and return on equity. Argan vs. Primoris Services: Which Stock Offers More Growth Potential?
• Neutral Sentiment: The class action covers investors who purchased Primoris securities between August 5, 2025, and June 22, 2026. Eligible investors have until September 21, 2026, to seek appointment as lead plaintiff; the deadline does not determine the lawsuit’s merits or guarantee investor recovery. Robbins Geller Primoris Class Action Alert
• Negative Sentiment: Several law firms—including Pomerantz, Frank R. Cruz, Glancy Prongay, Robbins Geller and others—are promoting the lawsuit, amplifying investor attention and potential reputational, legal and financial risks for Primoris. Pomerantz Primoris Investor Alert
• Negative Sentiment: The complaint alleges Primoris understated costs and failed to promptly recognize deteriorating margins on renewable-energy construction projects, while making misleading statements about cost forecasting, project oversight and profitability. These allegations are unproven, but they raise concerns about project controls and earnings quality. Robbins LLP Primoris Class Action Reminder

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.