Primoris Services (NYSE:PRIM) Now Covered by Analysts at Piper Sandler

Posted by Geri Gentry on Sep 9th, 2026

Stock analysts at Piper Sandler assumed coverage on shares of Primoris Services (NYSE:PRIM – Get Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a “neutral” rating and a $90.00 price target on the stock. Piper Sandler’s price target indicates a potential upside of 20.21% from the stock’s previous close.

Several other analysts have also issued reports on PRIM. Needham & Company LLC decreased their price target on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Weiss Ratings cut shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. UBS Group reissued a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $105.00 to $116.00 in a research note on Monday, June 29th. Finally, Cantor Fitzgerald upped their price target on Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and an average price target of $129.62.

Read Our Latest Stock Report on PRIM

Primoris Services Stock Performance

Shares of PRIM traded down $0.58 during mid-day trading on Wednesday, hitting $74.87. The company’s stock had a trading volume of 20,194 shares, compared to its average volume of 1,401,813. Primoris Services has a one year low of $65.00 and a one year high of $205.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $4.03 billion, a PE ratio of 29.47 and a beta of 1.43. The stock’s 50-day moving average is $82.58 and its two-hundred day moving average is $116.07.

Primoris Services (NYSE:PRIM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) 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 the consensus estimate of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. Primoris Services’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. As a group, sell-side analysts anticipate that Primoris Services will post 1.76 EPS for the current year.

Institutional Investors Weigh In On Primoris Services

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC boosted its stake in Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after buying an additional 69 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in 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 buying an additional 81 shares during the last quarter. Covestor Ltd increased its holdings 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 buying an additional 85 shares in the last quarter. IFP Advisors Inc increased 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 buying an additional 98 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Primoris Services by 2.5% in the fourth quarter. TD Private Client Wealth LLC now owns 4,183 shares of the company’s stock valued at $519,000 after acquiring an additional 101 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Primoris Services

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

Neutral Sentiment: Several law firms, including Robbins Geller, Kaplan Fox, and Rosen, are soliciting investors who purchased Primoris shares between August 5, 2025, and June 22, 2026, to participate in the pending litigation or seek appointment as lead plaintiff by September 21. The deadline is procedural and does not establish that Primoris violated securities laws. Robbins Geller investor deadline announcement
Negative Sentiment: The lawsuit alleges that Primoris made materially false or misleading statements about cost forecasting, project oversight, and expected profitability in certain renewable-energy construction projects. The allegations focus on problems that reportedly culminated in a June 2026 guidance reset involving six renewable projects. Robbins LLP class-action announcement
Negative Sentiment: The repeated litigation alerts are likely weighing on sentiment because they highlight a prior 21.6% share-price drop and raise the possibility of additional legal costs, financial claims, and reputational damage. The concerns are particularly significant given Primoris’s recent weak results: quarterly revenue fell 10.7% year over year, although the company narrowly exceeded analysts’ loss-per-share estimate.

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.