Primoris Services (PRIM) Stock Price, News & Analysis

Company Overview

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. 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, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. It also offers pipeline construction and maintenance, and storage services; pipeline facility, and integrity services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $80.48 to $82.80
• 50-Day Range: $54.00 to $81.91
• 52-Week Range: $29.14 to $83.40
• Volume: 39,724 shs
• Average Volume: 582,177 shs
• Market Capitalization: $4.45 billion
• P/E Ratio: 27.40
• Dividend Yield: 0.29%
• Price Target: $83.50
• Consensus Rating: Moderate Buy

Primoris Services Stock Analysis - MarketRank™

Primoris Services scored higher than 71% of companies evaluated by MarketBeat, and ranked 59th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Primoris Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Primoris Services has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.29%

Earnings Growth

Earnings for Primoris Services are expected to grow by 20.29% in the coming year, from $3.45 to $4.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Primoris Services is 27.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Primoris Services is 27.40, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.47.

Price to Book Value per Share Ratio

Primoris Services has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PRIM.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Primoris Services has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Primoris Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Primoris Services is 7.95%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Primoris Services will have a dividend payout ratio of 5.78% next year. This indicates that Primoris Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -2.97

Short Interest

There is no current short interest data available for PRIM.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.12

News Sentiment

Primoris Services has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Primoris Services this week, compared to 4 articles on an average week.

Search Interest

2 people have searched for PRIM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Primoris Services to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Primoris Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,762,468.00 in company stock.

Percentage Held by Insiders

Only 1.40% of the stock of Primoris Services is held by insiders.

Percentage Held by Institutions

91.82% of the stock of Primoris Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PRIM Stock Analysis - Frequently Asked Questions

How have PRIM shares performed this year?

Primoris Services' stock was trading at $33.21 on January 1st, 2024. Since then, PRIM stock has increased by 149.2% and is now trading at $82.76.
View the best growth stocks for 2024 here.

How were Primoris Services' earnings last quarter?

Primoris Services Co. (NASDAQ:PRIM) posted its quarterly earnings data on Monday, November, 4th. The construction company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.20. The firm's quarterly revenue was up 7.8% compared to the same quarter last year.

Does Primoris Services have any subsidiaries?

Primoris Services subsidiaries include Future Infrastructure, Willbros Group, Coastal Field Services, Florida Gas Contractors, Northern Energy & Power, Mueller Concrete Construction Company, Aevenia Inc., and more.

Who are Primoris Services' major shareholders?

Top institutional investors of Primoris Services include State Street Corp (2.38%), Geode Capital Management LLC (2.27%), Summit Partners Public Asset Management LLC (1.56%) and Yaupon Capital Management LP (1.30%). Insiders that own company stock include John P Schauerman, Thomas Edward Mccormick, David Lee King, Carla S Mashinski, John F Moreno Jr, Travis L Stricker, Stephen C Cook and John M Perisich.
View institutional ownership trends.

How do I buy shares of Primoris Services?

Shares of PRIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Primoris Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Primoris Services investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Alphabet (GOOG) and Broadcom (AVGO).

Company Calendar

• Ex-Dividend for 10/11 Dividend: 9/27/2024
• Dividend Payable: 10/11/2024
• Last Earnings: 11/04/2024
• Today: 11/21/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Water, sewer, & utility lines
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:PRIM
• CUSIP: 74164F10
• CIK: 1361538
• Web: www.prim.com
• Phone: (214) 740-5600
• Fax: N/A
• Employees: 14,058
• Year Founded: 2004

Price Target and Rating

• Average Stock Price Target: $83.50
• High Stock Price Target: $100.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: +3.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.02
• Trailing P/E Ratio: 26.62
• Forward P/E Ratio: 23.30
• P/E Growth: N/A
• Net Income: $126.14 million
• Net Margins: 2.68%
• Pretax Margin: 3.77%
• Return on Equity: 15.23%
• Return on Assets: 4.88%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 1.38
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $5.72 billion
• Price / Sales: 0.76
• Cash Flow: $5.05 per share
• Price / Cash Flow: 15.92
• Book Value: $23.17 per share
• Price / Book: 3.47

Miscellaneous

• Outstanding Shares: 53,710,000
• Free Float: 53,015,000
• Market Cap: $4.32 billion
• Optionable: Optionable
• Beta: 1.05