Primoris Services (NASDAQ:PRIM) Price Target Raised to $165.00 at JPMorgan Chase & Co.

Primoris Services (NASDAQ:PRIM) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $143.00 to $165.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.40% from the company’s current price.

Several other research analysts have also recently weighed in on PRIM. Wells Fargo & Company assumed coverage on shares of Primoris Services in a research report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price objective on the stock. DA Davidson set a $180.00 price target on shares of Primoris Services in a report on Wednesday. KeyCorp raised their price objective on shares of Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Cantor Fitzgerald set a $160.00 price target on Primoris Services and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Primoris Services in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Primoris Services Price Performance

NASDAQ:PRIM traded up $0.29 during trading hours on Wednesday, hitting $152.21. The stock had a trading volume of 503,979 shares, compared to its average volume of 751,632. The company has a 50 day simple moving average of $144.43 and a two-hundred day simple moving average of $132.97. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 50.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. Primoris Services has a one year low of $49.10 and a one year high of $174.43.

Primoris Services (NASDAQ:PRIM) last issued its quarterly earnings data on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Research analysts forecast that Primoris Services will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Primoris Services

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the transaction, the director owned 74,466 shares in the company, valued at approximately $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the sale, the director owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Primoris Services

A number of large investors have recently made changes to their positions in PRIM. Hodges Capital Management Inc. purchased a new stake in Primoris Services in the second quarter worth about $3,320,000. GSA Capital Partners LLP purchased a new position in shares of Primoris Services during the 3rd quarter worth approximately $1,726,000. J.W. Cole Advisors Inc. bought a new position in shares of Primoris Services in the 3rd quarter worth approximately $1,193,000. Federated Hermes Inc. lifted its stake in shares of Primoris Services by 5.8% in the 2nd quarter. Federated Hermes Inc. now owns 347,785 shares of the construction company’s stock valued at $27,106,000 after purchasing an additional 18,951 shares during the period. Finally, Leuthold Group LLC boosted its position in shares of Primoris Services by 1,350.3% during the third quarter. Leuthold Group LLC now owns 48,947 shares of the construction company’s stock valued at $6,722,000 after purchasing an additional 45,572 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Key Headlines Impacting Primoris Services

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

• Positive Sentiment: Q4 results topped expectations: EPS $1.08 vs. $0.95 est and revenue $1.86B vs. $1.82B (revenue +6.7% y/y), showing underlying operating strength. Zacks: PRIM tops Q4
• Positive Sentiment: Company updated FY2026 guidance (management-provided range reported in filings/announcements), which supports forward earnings expectations (management has signaled a multi-dollar EPS target for FY26).
• Positive Sentiment: Guggenheim raised its price target to $170 and has a “buy” rating — a meaningful upside call from a large shop that can support further analyst-driven interest. Guggenheim raises PT
• Positive Sentiment: DA Davidson reaffirmed a “buy” rating with a $150 target, adding confirmation from another sell-side analyst. DA Davidson reaffirmation
• Neutral Sentiment: Board declared a quarterly cash dividend of $0.08 per share (ex-dividend March 31), a small yield that is more of a shareholder return signal than a material income source. Dividend announcement
• Neutral Sentiment: Earnings call transcript and investor commentary are available for details on backlog, margins and segment trends — useful for parsing management tone and guidance detail. Earnings call transcript
• Neutral Sentiment: Some media reports show a different FY26 EPS range (e.g., $5.35–$5.55), creating short-term information noise that can increase volatility until company disclosures are reconciled. Conflicting guidance report
• Negative Sentiment: A storm-restoration lawsuit involving FirstEnergy was transferred to Ohio federal court — an open legal matter that could pose financial or reputational risk depending on outcomes. Lawsuit transfer
• Negative Sentiment: Despite the strong quarter, some outlets reported the stock fell after earnings — suggesting profit-taking, mixed interpretation of guidance, or short-term investor rotation away from the name. Market reaction

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.