Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Primoris Services Corporation (NYSE:PRIM)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Primoris Services Corporation (NYSE:PRIM). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Primoris Services stock on March 3rd.

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

• Sold $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Advanced Energy Industries (NASDAQ:AEIS) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
• Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.

Primoris Services Trading Up 4.9%

NYSE:PRIM traded up $7.70 during mid-day trading on Thursday, reaching $164.29. 261,887 shares of the stock were exchanged, compared to its average volume of 770,576. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average price is $149.31. Primoris Services Corporation has a 1-year low of $53.13 and a 1-year high of $174.43. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 32.66 and a beta of 1.38.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. Primoris Services’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Primoris Services’s dividend payout ratio (DPR) is currently 6.36%.

Institutional Investors Weigh In On Primoris Services

A number of large investors have recently made changes to their positions in PRIM. Uncommon Cents Investing LLC grew its position in Primoris Services by 2.1% during the 3rd quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the company’s stock worth $536,000 after purchasing an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Assetmark Inc. boosted its position in shares of Primoris Services by 9.7% in the third quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $131,000 after buying an additional 84 shares during the period. Covestor Ltd grew its holdings in shares of Primoris Services by 13.4% during the fourth quarter. Covestor Ltd now owns 719 shares of the company’s stock valued at $89,000 after buying an additional 85 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Primoris Services by 1.1% during the fourth quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PRIM. Cantor Fitzgerald set a $160.00 target price on shares of Primoris Services and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Wells Fargo & Company upped their price target on Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Wall Street Zen downgraded Primoris Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group boosted their target price on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.31.

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.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.