Primoris Services (NYSE:PRIM) Cut to Strong Sell at Zacks Research

Posted by Stanley Muller on May 14th, 2026

Primoris Services (NYSE:PRIM – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on PRIM. UBS Group reduced their target price on Primoris Services from $212.00 to $186.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings cut Primoris Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wolfe Research initiated coverage on Primoris Services in a report on Thursday, April 9th. They set an “outperform” rating and a $183.00 target price for the company. Mizuho raised Primoris Services from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $175.00 to $135.00 in a report on Monday. Finally, Guggenheim increased their target price on Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.60.

Check Out Our Latest Stock Analysis on PRIM

Primoris Services Stock Performance

Shares of PRIM stock opened at $112.52 on Tuesday. The company has a market capitalization of $6.11 billion, a P/E ratio of 24.78 and a beta of 1.50. The business’s 50 day moving average is $147.44 and its two-hundred day moving average is $141.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. Primoris Services has a 12-month low of $68.52 and a 12-month high of $205.50.

Primoris Services (NYSE:PRIM – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Analysts expect that Primoris Services will post 4.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Primoris Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in Primoris Services during the third quarter worth $1,726,000. J.W. Cole Advisors Inc. acquired a new position in Primoris Services during the third quarter worth $1,193,000. Nordea Investment Management AB acquired a new position in Primoris Services during the fourth quarter worth $7,181,000. Leuthold Group LLC boosted its stake in Primoris Services by 1,350.3% during the third quarter. Leuthold Group LLC now owns 48,947 shares of the company’s stock worth $6,722,000 after buying an additional 45,572 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Primoris Services by 3.5% during the third quarter. Federated Hermes Inc. now owns 359,876 shares of the company’s stock worth $49,422,000 after buying an additional 12,091 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Primoris Services

(Get Free Report)

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.