Primoris Services (NYSE:PRIM) Trading 5.9% Higher – Should You Buy?

Posted by Brian Himes on Sep 17th, 2026

Primoris Services Corporation (NYSE:PRIM – Get Free Report)’s share price was up 5.9% on Tuesday . The stock traded as high as $77.55 and last traded at $78.56. Approximately 76,899 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,397,092 shares. The stock had previously closed at $74.17.

Trending Headlines about Primoris Services

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

Positive Sentiment: An analysis argues that investors may be able to look beyond Primoris’s expected 2026 earnings trough, suggesting potential longer-term recovery if project execution improves and earnings stabilize. Primoris: Looking Beyond The 2026 Earnings Trough
Neutral Sentiment: Multiple law firms—including Kaplan Fox, Rosen, Levi & Korsinsky, Pomerantz, Portnoy and Bernstein Liebhard—are reminding investors of a September 21, 2026 deadline to seek lead-plaintiff status in the proposed securities class action. The repeated announcements are largely duplicative legal solicitations rather than separate new lawsuits or a court finding of wrongdoing. Rosen Law Firm Deadline Notice
Negative Sentiment: The class action covers investors who purchased Primoris shares from August 5, 2025, through June 22, 2026. The complaints allege that Primoris and certain executives made misleading statements or failed to disclose problems involving renewable-energy project execution, including cost overruns, delays and inadequate forecasting. If proven, the claims could increase litigation costs, create potential financial liability and further damage confidence in management and the company’s project controls. The allegations have not been established in court. Kaplan Fox Class Action Notice

Analyst Ratings Changes

PRIM has been the subject of a number of recent research reports. Mizuho lowered their price objective on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Wolfe Research restated an “outperform” rating and set a $149.00 price target on shares of Primoris Services in a report on Monday, June 15th. Zacks Research raised Primoris Services from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Roth Capital reiterated a “buy” rating and issued a $100.00 price target on shares of Primoris Services in a research note on Monday, July 20th. Finally, Guggenheim cut their price objective on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Primoris Services presently has an average rating of “Moderate Buy” and an average price target of $129.62.

Check Out Our Latest Research Report on Primoris Services

Primoris Services Stock Up 0.3%

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.14 billion, a P/E ratio of 30.17 and a beta of 1.43. The company’s 50 day simple moving average is $80.86 and its 200-day simple moving average is $112.50.

Primoris Services (NYSE:PRIM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. Research analysts forecast that Primoris Services Corporation will post 1.79 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s payout ratio is currently 12.55%.

Hedge Funds Weigh In On Primoris Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC increased its position in 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 acquiring an additional 69 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Primoris Services during the 2nd quarter valued at about $26,000. Harbour Investments Inc. bought a new stake in shares of Primoris Services during the 4th quarter valued at about $33,000. Cullen Frost Bankers Inc. increased its position in shares of Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Primoris Services during the 2nd quarter valued at about $36,000. 91.82% of the stock is owned by institutional investors.

Primoris Services Company Profile

(Get Free Report)

Primoris Services Corporation is a specialty contractor and infrastructure services company that provides construction, engineering, maintenance, and technical services across North America. The company serves utilities, energy producers, industrial customers, municipalities, and renewable energy developers.

Primoris operates through three primary business areas: Utilities, Energy, and Renewables. Its services include the construction, repair, replacement, and maintenance of electric transmission and distribution systems, natural gas and other utility infrastructure, communications networks, water and wastewater facilities, pipelines, power-generation assets, and industrial facilities.