Primoris Services Corporation (NYSE:PRIM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately positive: Seventeen analysts rate Primoris Services a consensus “Moderate Buy,” with 11 buys and six holds. The average 12-month price target is $132.27, well above the reported share price of $77.
• Recent operating results were mixed: Primoris exceeded quarterly EPS expectations, reporting a loss of $0.27 per share versus an expected loss of $0.35, but revenue fell 10.7% year over year to $1.69 billion. The stock has declined significantly from its 52-week high of $205.50.
• Litigation remains a key risk: A proposed class-action lawsuit alleges misstatements concerning costs, delays and execution of six fixed-price renewable-energy projects. The claims have not been proven but could lead to legal expenses, liabilities and reputational damage.

Primoris Services Corporation (NYSE:PRIM - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $132.2667.

Several equities research analysts recently commented on the stock. Oppenheimer initiated coverage on shares of Primoris Services in a research note on Tuesday, July 7th. They set an "outperform" rating and a $135.00 price target on the stock. Wells Fargo & Company dropped their price objective on Primoris Services from $118.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 23rd. Zacks Research raised Primoris Services from a "strong sell" rating to a "hold" rating in a report on Monday. Cantor Fitzgerald boosted their target price on Primoris Services from $100.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised Primoris Services from a "neutral" rating to an "overweight" rating and upped their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th.

Primoris Services Stock Down 1.5%

Primoris Services stock opened at $77.00 on Friday. 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 stock has a market cap of $4.14 billion, a PE ratio of 30.19 and a beta of 1.43. The stock's fifty day moving average is $86.23 and its two-hundred day moving average is $121.13.

Primoris Services (NYSE:PRIM - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.08. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The business's quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. On average, sell-side analysts expect that Primoris Services will post 1.76 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services's payout ratio is currently 12.55%.

Primoris Services News Roundup

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

• Positive Sentiment: Analyst view improved: Zacks Research upgraded Primoris from “strong sell” to “hold,” which may provide limited support by indicating that the recent decline has reduced some downside concerns. TickerReport coverage of the Zacks upgrade
• Neutral Sentiment: New office development: Primoris Services was reported as a future tenant at Sugar Land Town Square. The expansion may support corporate operations and local visibility, but the announcement is unlikely to materially affect near-term earnings. Primoris Services Corp. to join Sugar Land Town Square
• Negative Sentiment: Class-action litigation remains the main overhang: Several law firms reiterated that investors who purchased PRIM shares from August 5, 2025, through June 22, 2026, may seek lead-plaintiff status by September 21, 2026. The lawsuit alleges that Primoris made material misstatements or omissions about the costs, risks, cost controls, and execution of six fixed-price renewable-energy projects. Allegations reportedly include project cost overruns and delays, with some notices also pointing to statements overseen by former Chief Operating Officer Jeremy Kinch. The claims have not been proven, but the litigation could create legal expenses, financial liabilities, and additional reputational risk. Robbins Geller Primoris investor deadline notice

Hedge Funds Weigh In On Primoris Services

A number of hedge funds have recently modified their holdings of the business. Root Financial Partners LLC boosted its stake 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 during the period. Cullen Frost Bankers Inc. raised its stake in shares of Primoris Services by 30.1% during the fourth 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 last quarter. Covestor Ltd raised its stake in shares of Primoris Services by 13.4% during the fourth 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. IFP Advisors Inc lifted its holdings in shares of Primoris Services by 18.6% during the fourth quarter. IFP Advisors Inc now owns 626 shares of the company's stock worth $78,000 after purchasing an additional 98 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Primoris Services by 2.5% during the fourth quarter. TD Private Client Wealth LLC now owns 4,183 shares of the company's stock worth $519,000 after purchasing an additional 101 shares during the period. 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.

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