Primoris Services (NYSE:PRIM) Stock Price Up 6.6% – Time to Buy?

Posted by George Bondi on Oct 30th, 2026

Primoris Services Corporation (NYSE:PRIM – Get Free Report)’s stock price was up 6.6% on Wednesday. The stock traded as high as $73.23 and last traded at $73.7090. Approximately 288,178 shares traded hands during trading, a decline of 80% from the average session volume of 1,408,369 shares. The stock had previously closed at $69.12.

Wall Street Analyst Weigh In

PRIM has been the subject of a number of recent research reports. Weiss Ratings downgraded Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. UBS Group reiterated a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Zacks Research raised Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Needham & Company LLC cut their price objective on Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Piper Sandler assumed coverage on shares of Primoris Services in a research note on Wednesday, September 9th. They set a “neutral” rating and a $90.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Primoris Services has an average rating of “Moderate Buy” and a consensus price target of $123.47.

Read Our Latest Analysis on Primoris Services

Primoris Services Stock Performance

The firm’s 50 day simple moving average is $75.39 and its 200-day simple moving average is $113.52. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 29.65 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC increased its holdings in Primoris Services by 107.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 377 shares of the company’s stock valued at $28,000 after buying an additional 195 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Primoris Services in the third quarter valued at about $891,000. Park Avenue Securities LLC lifted its position in Primoris Services by 20.3% during the 3rd quarter. Park Avenue Securities LLC now owns 14,671 shares of the company’s stock worth $1,093,000 after buying an additional 2,480 shares in the last quarter. Capelight Capital Asset Management LP bought a new stake in Primoris Services during the 3rd quarter worth about $745,000. Finally, Total Wealth Planning & Management Inc. grew its holdings in Primoris Services by 19.3% during the 3rd quarter. Total Wealth Planning & Management Inc. now owns 8,337 shares of the company’s stock worth $621,000 after acquiring an additional 1,347 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

About Primoris Services

(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.