Primoris Services (NYSE:PRIM) Shares Up 5.9% – Time to Buy?

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

Primoris Services News Summary

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

• Negative Sentiment: Multiple law firms are publicizing a securities-fraud class action against Primoris on behalf of investors who purchased shares between August 5, 2025, and June 22, 2026. The complaints allege that the company made misleading statements about cost controls and project execution in its renewable-energy business. Specifically, the allegations center on six solar projects that reportedly experienced cost overruns and delays, potentially contradicting earlier assurances to investors. The claims have not been proven in court. Prim shareholder alert
• Negative Sentiment: The legal notices raise potential financial, management and disclosure risks for Primoris. One notice also discusses possible liability involving former Chief Operating Officer Jeremy Kinch, who allegedly made or oversaw project-execution representations. Litigation could create legal expenses, settlement exposure and additional uncertainty around the company’s renewable-energy operations. SueWallSt investor notice
• Neutral Sentiment: The recent releases largely repeat a procedural reminder: investors have until September 21, 2026 to seek appointment as lead plaintiff. The notices do not announce a new judgment, settlement, regulatory penalty or change to Primoris’ financial guidance; their immediate market impact is therefore primarily tied to heightened visibility of the existing lawsuit. Kaplan Fox class action deadline notice

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp reissued a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Wall Street Zen lowered Primoris Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Roth Capital reiterated a “buy” rating and issued a $100.00 price objective on shares of Primoris Services in a report on Monday, July 20th. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $105.00 to $116.00 in a research report on Monday, June 29th. Finally, Wells Fargo & Company reduced their target price on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and a consensus price target of $129.62.

Primoris Services Stock Up 2.8%

The company’s fifty day simple moving average is $81.33 and its 200 day simple moving average is $113.56. 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 market capitalization of $4.11 billion, a PE ratio of 29.98 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last announced its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The business’s revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Analysts anticipate that Primoris Services Corporation will post 1.79 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

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

Institutional Trading of Primoris Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in Primoris Services by 46.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,073 shares of the company’s stock valued at $205,000 after acquiring an additional 659 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Primoris Services in the second quarter worth about $124,000. Nykredit A S bought a new position in shares of Primoris Services during the second quarter valued at approximately $185,000. Corient Private Wealth LP increased its stake in shares of Primoris Services by 108.2% during the second quarter. Corient Private Wealth LP now owns 35,557 shares of the company’s stock valued at $3,524,000 after purchasing an additional 18,480 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Primoris Services by 51.6% during the second quarter. Amundi now owns 11,619 shares of the company’s stock valued at $1,152,000 after purchasing an additional 3,957 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Company Profile

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.