Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Primoris Services Co. (NASDAQ:PRIM)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Primoris Services Co. (NASDAQ:PRIM). In a filing disclosed on December 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Primoris Services stock on November 6th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Primoris Services Trading Up 1.0%

Shares of Primoris Services stock traded up $1.20 during trading hours on Friday, hitting $125.40. The company’s stock had a trading volume of 10,356,823 shares, compared to its average volume of 946,189. The business has a fifty day moving average of $129.83 and a 200 day moving average of $112.34. Primoris Services Co. has a 1-year low of $49.10 and a 1-year high of $146.16. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $6.78 billion, a PE ratio of 41.52 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings results on Monday, November 3rd. The construction company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.51. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The firm’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 EPS. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. As a group, equities analysts forecast that Primoris Services Co. will post 3.26 EPS for the current year.

Primoris Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, December 31st. Primoris Services’s payout ratio is currently 6.31%.

Insider Activity

In other news, Director Patricia K. Wagner sold 13,491 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $125.23, for a total transaction of $1,689,477.93. Following the completion of the transaction, the director directly owned 4,495 shares in the company, valued at $562,908.85. The trade was a 75.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the sale, the director directly owned 74,466 shares in the company, valued at $10,127,376. This trade represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,888 shares of company stock worth $3,488,679. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRIM. Guggenheim reissued a “neutral” rating on shares of Primoris Services in a research report on Wednesday, October 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $143.00 target price (down from $145.00) on shares of Primoris Services in a research report on Monday, December 8th. Mizuho set a $129.00 price target on Primoris Services in a report on Tuesday, October 28th. DA Davidson increased their target price on Primoris Services from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake in Primoris Services by 835.3% during the third quarter. IFP Advisors Inc now owns 477 shares of the construction company’s stock valued at $66,000 after purchasing an additional 426 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in Primoris Services in the 3rd quarter worth approximately $356,000. Cambria Investment Management L.P. grew its stake in Primoris Services by 24.9% in the third quarter. Cambria Investment Management L.P. now owns 8,613 shares of the construction company’s stock valued at $1,183,000 after purchasing an additional 1,719 shares in the last quarter. JPMorgan Chase & Co. raised its position in Primoris Services by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 486,200 shares of the construction company’s stock valued at $66,770,000 after acquiring an additional 85,044 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Primoris Services in the third quarter worth $793,000. 91.82% of the stock is currently owned by institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.