Primoris Services (NYSE:PRIM) Sets New 12-Month High After Dividend Announcement

Key Points

• Primoris Services shares hit a new 52-week high after the company announced a $0.08 per-share dividend (ex-dividend June 30, payable July 15), implying a 0.2% yield.
• The company missed Q1 expectations—EPS $0.59 vs. ~$0.87 and revenue $1.56B vs. estimates near $1.73B—reported weak operating cash flow, and set FY2026 guidance of $4.80–$5.00, below street consensus (~$5.73), creating near-term headwinds.
• Analysts are mixed but generally constructive: UBS raised its price target to $212, MarketBeat shows a "Moderate Buy" consensus with an average target of $159.25, and institutional ownership is high (~91.8%) with several funds adding to positions.

Primoris Services Corporation (NYSE:PRIM - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $205.50 and last traded at $203.1790, with a volume of 2361024 shares changing hands. The stock had previously closed at $185.55.The newly announced dividend which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Primoris Services's payout ratio is currently 6.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PRIM. Weiss Ratings restated a "buy (b)" rating on shares of Primoris Services in a research report on Tuesday, January 20th. UBS Group boosted their price objective on shares of Primoris Services from $176.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a research report on Wednesday, January 28th. Mizuho boosted their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen cut shares of Primoris Services from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Primoris Services currently has an average rating of "Moderate Buy" and an average price target of $159.25.

Primoris Services Stock Up 9.5%

The company's fifty day moving average price is $152.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 40.39 and a beta of 1.50.

Primoris Services (NYSE:PRIM - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.28). Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the company posted $0.98 earnings per share. Primoris Services's quarterly revenue was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, analysts anticipate that Primoris Services Corporation will post 5.73 earnings per share for the current year.

More Primoris Services News

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

• Positive Sentiment: UBS raised its price target to $212 and put a "buy" rating on PRIM, providing analyst support and signaling confidence in the company's longer‑term outlook. UBS Price Target Raise
• Neutral Sentiment: Company disclosed locked-up stock awards to directors — this could reflect retention incentives or a shift in capital-allocation priorities (less cash returned to shareholders), so investors will watch whether it presages changes to buybacks/dividends or long-term compensation philosophy. Do Primoris (PRIM) Directors’ Locked-Up Stock Awards Reveal a Deeper Shift in Capital Allocation?
• Neutral Sentiment: Primoris released its Q1 2026 results and updated FY2026 EPS guidance to $4.80–$5.00; management reiterated outlook but the guidance range will be judged against street estimates. Q1 Results / Press Release
• Negative Sentiment: Core driver of the sell-off: Q1 EPS and revenue materially missed expectations — reported EPS $0.59 vs. consensus ~$0.87 and revenue $1.56B (down 5.4% YoY) vs. estimates near $1.73B–$1.77B — signaling margin pressure. The market reacted sharply. PRIM misses Q1; stock drops
• Negative Sentiment: Underlying profitability and cash-flow weakness: gross profit and operating profit fell sharply, operating cash flow swung to a large outflow (~-$122.6M), and net income/EPS fell materially year over year — raising near-term liquidity and execution concerns. Detailed Q1 financials and cash flow
• Negative Sentiment: Company FY2026 guidance ($4.80–$5.00) appears below some street estimates (consensus ~$5.73), which could pressure near-term sentiment and analyst models; expect revisions and updated analyst notes. Guidance vs. Street

Institutional Investors Weigh In On Primoris Services

A number of institutional investors and hedge funds have recently made changes to their positions in PRIM. NewEdge Advisors LLC increased its stake in Primoris Services by 34.5% in the 1st quarter. NewEdge Advisors LLC now owns 757 shares of the company's stock valued at $43,000 after buying an additional 194 shares during the period. Goldman Sachs Group Inc. increased its stake in Primoris Services by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the company's stock valued at $28,337,000 after buying an additional 33,934 shares during the period. Caxton Associates LLP acquired a new position in Primoris Services in the 1st quarter valued at $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Primoris Services by 25.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the company's stock valued at $9,650,000 after buying an additional 33,818 shares during the period. Finally, M&T Bank Corp acquired a new position in Primoris Services in the 2nd quarter valued at $274,000. 91.82% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.