Primoris Services (NYSE:PRIM) Given New $212.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target on Primoris Services to $212 and kept a "buy" rating, implying about a 13.9% upside
• Shares traded up 3.2% to $186.12 on heavier volume after Primoris beat quarterly estimates (EPS $1.08 vs. $0.95; revenue $1.86B, +6.7% y/y) and issued FY2026 guidance of 5.80–6.00 EPS, roughly in line with the street (avg. 5.73).
• Large institutional investors increased positions in the latest quarter—led by Wellington, State Street and Vanguard—leaving the stock with 91.82% institutional ownership.

Primoris Services (NYSE:PRIM - Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $176.00 to $212.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 13.90% from the company's previous close.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Primoris Services from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of Primoris Services from $165.00 to $171.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. The Goldman Sachs Group raised their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a research note on Wednesday, January 28th. Guggenheim raised their price objective on shares of Primoris Services from $184.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Finally, Wolfe Research started coverage on shares of Primoris Services in a research note on Thursday, April 9th. They issued an "outperform" rating and a $183.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $159.25.

Primoris Services Stock Up 3.2%

Shares of NYSE:PRIM traded up $5.77 on Monday, reaching $186.12. The company had a trading volume of 1,279,999 shares, compared to its average volume of 784,161. Primoris Services has a twelve month low of $63.36 and a twelve month high of $187.10. The company has a 50-day moving average of $152.12. The stock has a market cap of $10.09 billion, a PE ratio of 37.00 and a beta of 1.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Primoris Services (NYSE:PRIM - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, sell-side analysts predict that Primoris Services will post 5.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PRIM. Wellington Management Group LLP raised its stake in shares of Primoris Services by 163.0% in the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company's stock valued at $216,774,000 after purchasing an additional 1,082,218 shares in the last quarter. Norges Bank acquired a new position in shares of Primoris Services in the fourth quarter valued at $103,368,000. State Street Corp raised its stake in shares of Primoris Services by 56.8% in the fourth quarter. State Street Corp now owns 2,011,488 shares of the company's stock valued at $249,866,000 after purchasing an additional 728,646 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Primoris Services by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company's stock worth $804,361,000 after buying an additional 466,192 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Primoris Services by 69.6% in the 3rd quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock worth $140,057,000 after buying an additional 418,374 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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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