Primoris Services (NYSE:PRIM) Stock Price Down 7.4% – Here’s What Happened

Posted by Brenda Bartman on Oct 17th, 2026

Shares of Primoris Services Corporation (NYSE:PRIM – Get Free Report) dropped 7.4% during mid-day trading on Thursday. The company traded as low as $71.72 and last traded at $72.2480. Approximately 611,089 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,398,516 shares. The stock had previously closed at $78.03.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PRIM shares. Weiss Ratings downgraded Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Guggenheim reduced their price objective on Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Oppenheimer began coverage on Primoris Services in a research note on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price objective on the stock. Roth Capital reiterated a “buy” rating and set a $100.00 price objective on shares of Primoris Services in a research report on Monday, July 20th. Finally, Needham & Company LLC dropped their price objective on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.47.

View Our Latest Stock Analysis on PRIM

Primoris Services Stock Down 0.9%

The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 28.66 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 firm has a fifty day moving average price of $77.19 and a 200-day moving average price of $102.94.

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

Primoris Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is 12.55%.

Hedge Funds Weigh In On Primoris Services

A number of large investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Primoris Services in the 2nd quarter valued at $26,000. Root Financial Partners LLC boosted its position in Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of Primoris Services in the second quarter worth about $36,000. Osterweis Capital Management Inc. acquired a new position in Primoris Services during the 2nd quarter worth approximately $43,000. Finally, GAMMA Investing LLC boosted its holdings in Primoris Services by 128.9% in the 3rd quarter. GAMMA Investing LLC now owns 815 shares of the company’s stock worth $61,000 after acquiring an additional 459 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Primoris Services Company Profile

(Get Free Report)

Primoris Services Corporation is a specialty contractor that provides construction, maintenance and engineering services for critical infrastructure across the United States. The company serves markets including utilities, energy, power delivery, renewable energy, transportation and industrial facilities.

Its services include the construction and maintenance of electric transmission and distribution systems, natural gas and water infrastructure, pipelines, power-generation facilities, solar and renewable-energy projects, and other complex industrial assets.