Primoris Services (NASDAQ:PRIM) Given New $165.00 Price Target at JPMorgan Chase & Co.

Primoris Services (NASDAQ:PRIM) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $143.00 to $165.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 8.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company started coverage on Primoris Services in a research note on Friday, November 14th. They issued an “equal weight” rating and a $138.00 target price on the stock. Mizuho increased their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research note on Wednesday, November 5th. Guggenheim upped their price objective on Primoris Services from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, DA Davidson set a $180.00 target price on Primoris Services in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Primoris Services currently has an average rating of “Moderate Buy” and an average target price of $150.00.

Primoris Services Stock Up 0.2%

NASDAQ PRIM traded up $0.29 during trading hours on Wednesday, reaching $152.21. 503,979 shares of the company’s stock traded hands, compared to its average volume of 751,632. Primoris Services has a 52-week low of $49.10 and a 52-week high of $174.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50-day simple moving average of $144.43 and a 200 day simple moving average of $132.97. The firm has a market cap of $8.22 billion, a PE ratio of 50.28 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last announced its earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Sell-side analysts anticipate that Primoris Services will post 3.26 EPS for the current fiscal year.

Insider Activity at Primoris Services

In related news, Director Carla S. Mashinski sold 2,082 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the sale, the director directly owned 21,530 shares in the company, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Schauerman sold 7,815 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the transaction, the director owned 74,466 shares in the company, valued at $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Primoris Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the construction company’s stock valued at $43,000 after purchasing an additional 194 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Primoris Services by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the construction company’s stock valued at $28,337,000 after buying an additional 33,934 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Primoris Services during the 1st quarter valued at approximately $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Primoris Services by 25.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the construction company’s stock valued at $9,650,000 after acquiring an additional 33,818 shares during the period. Finally, Ethic Inc. purchased a new stake in Primoris Services in the 2nd quarter worth approximately $243,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

More Primoris Services News

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

• Positive Sentiment: Q4 results topped expectations: EPS $1.08 vs. $0.95 est and revenue $1.86B vs. $1.82B (revenue +6.7% y/y), showing underlying operating strength. Zacks: PRIM tops Q4
• Positive Sentiment: Company updated FY2026 guidance (management-provided range reported in filings/announcements), which supports forward earnings expectations (management has signaled a multi-dollar EPS target for FY26).
• Positive Sentiment: Guggenheim raised its price target to $170 and has a “buy” rating — a meaningful upside call from a large shop that can support further analyst-driven interest. Guggenheim raises PT
• Positive Sentiment: DA Davidson reaffirmed a “buy” rating with a $150 target, adding confirmation from another sell-side analyst. DA Davidson reaffirmation
• Neutral Sentiment: Board declared a quarterly cash dividend of $0.08 per share (ex-dividend March 31), a small yield that is more of a shareholder return signal than a material income source. Dividend announcement
• Neutral Sentiment: Earnings call transcript and investor commentary are available for details on backlog, margins and segment trends — useful for parsing management tone and guidance detail. Earnings call transcript
• Neutral Sentiment: Some media reports show a different FY26 EPS range (e.g., $5.35–$5.55), creating short-term information noise that can increase volatility until company disclosures are reconciled. Conflicting guidance report
• Negative Sentiment: A storm-restoration lawsuit involving FirstEnergy was transferred to Ohio federal court — an open legal matter that could pose financial or reputational risk depending on outcomes. Lawsuit transfer
• Negative Sentiment: Despite the strong quarter, some outlets reported the stock fell after earnings — suggesting profit-taking, mixed interpretation of guidance, or short-term investor rotation away from the name. Market reaction

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.