Primoris Services (NYSE:PRIM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Posted by George Bondi on Oct 30th, 2026

Primoris Services Corporation (NYSE:PRIM – Get Free Report) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $75.39 and traded as high as $76.70. Primoris Services shares last traded at $75.6010, with a volume of 1,268,577 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PRIM shares. Zacks Research upgraded shares of Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Jefferies Financial Group restated a “buy” rating and set a $99.00 price target on shares of Primoris Services in a report on Thursday, October 8th. UBS Group reaffirmed a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Needham & Company LLC decreased their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Oppenheimer started coverage on shares of Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.47.

Get Our Latest Research Report on Primoris Services

Primoris Services Stock Performance

The firm has a market cap of $4.07 billion, a PE ratio of 29.65 and a beta of 1.44. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $75.39 and a two-hundred day simple moving average of $113.52.

Primoris Services (NYSE:PRIM – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%. The business’s revenue was down 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. As a group, equities research analysts forecast that Primoris Services Corporation will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in Primoris Services in the 2nd quarter worth approximately $26,000. Salomon & Ludwin LLC boosted its stake in shares of Primoris Services by 107.1% during the third quarter. Salomon & Ludwin LLC now owns 377 shares of the company’s stock valued at $28,000 after purchasing an additional 195 shares during the period. Root Financial Partners LLC boosted its stake in shares of Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares during the period. Persistent Asset Partners Ltd bought a new position in shares of Primoris Services in the second quarter worth approximately $36,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Primoris Services in the second quarter worth approximately $43,000. 91.82% of the stock is owned by institutional investors.

Primoris Services Company Profile

(Get Free Report)

Primoris Services Corporation (NYSE: PRIM) is a specialty contractor that provides construction, engineering, maintenance and fabrication services for critical infrastructure. The company serves customers in the energy, utilities and industrial markets, with work spanning power generation, power delivery, natural gas, renewable energy, petrochemical and industrial facilities.

Its services include utility and transmission construction, renewable energy development support, underground and overhead infrastructure, pipeline construction, facility maintenance, environmental services and specialty industrial construction.