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: $65.36 to $69.89
• 50-Day Range: $66.06 to $88.92
• 52-Week Range: $37.00 to $90.86
• Volume: 970,920 shs
• Average Volume: 844,911 shs
• Market Capitalization: $3.55 billion
• P/E Ratio: 21.87
• Dividend Yield: 0.48%
• Price Target: $91.50
• Consensus Rating: Buy

Primoris Services Stock Analysis - MarketRank™

Primoris Services scored higher than 81% of companies evaluated by MarketBeat, and ranked 36th out of 104 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Primoris Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Primoris Services has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 24.23%

Earnings Growth

Earnings for Primoris Services are expected to grow by 24.23% in the coming year, from $3.26 to $4.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Primoris Services is 21.87, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Primoris Services is 21.87, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.71.

Price to Book Value per Share Ratio

Primoris Services has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued 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 0.47%, 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 10.60%. 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 7.90% 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: 2.8 / 5
• News Sentiment: 1.09

News Sentiment

Primoris Services has a news sentiment score of 1.09. 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 0.82 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Primoris Services this week, compared to 5 articles on an average week.

Search Interest

Only 5 people have searched for PRIM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Primoris Services to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 $167,960.00 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 $76.40 on January 1st, 2025. Since then, PRIM stock has decreased by 13.5% and is now trading at $66.0610.
View the best growth stocks for 2025 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, topping the consensus estimate of $1.02 by $0.20. The firm's revenue for the quarter was up 7.8% on a year-over-year basis.

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 others.

Who are Primoris Services' major shareholders?

Primoris Services' top institutional shareholders include Vanguard Group Inc. (11.63%), Dimensional Fund Advisors LP (5.86%), Invesco Ltd. (3.72%) and Alliancebernstein L.P. (2.48%). 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.

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

• Last Earnings: 11/04/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Dividend Payable: 1/15/2025
• Today: 2/22/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

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: $91.50
• High Stock Price Target: $102.00
• Low Stock Price Target: $78.00
• Potential Upside/Downside: +38.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.02
• Trailing P/E Ratio: 21.87
• Forward P/E Ratio: 20.26
• 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: 0.62
• Cash Flow: $4.78 per share
• Price / Cash Flow: 13.82
• Book Value: $23.17 per share
• Price / Book: 2.85

Miscellaneous

• Outstanding Shares: 53,710,000
• Free Float: 52,961,000
• Market Cap: $3.55 billion
• Optionable: Optionable
• Beta: 1.14