Key Points
- Director John Schauerman sold 7,815 shares on Dec. 11 at an average price of $136 for proceeds of $1,062,840, reducing his stake by 9.5% to 74,466 shares (valued about $10.13M).
- Primoris beat expectations for the quarter (EPS $1.88 vs. $1.37 est.; revenue $2.18B vs. $1.83B), with revenue up 32.1% year‑over‑year and FY2025 guidance of $5.35–$5.55 EPS.
- The stock is trading up ~3.5%, has a market cap around $7.06B and a P/E of ~43.3, pays a $0.08 quarterly dividend (0.2% yield), and carries a consensus "Moderate Buy" price target of $140.57.
Primoris Services Co. (NASDAQ:PRIM - Get Free Report) Director John Schauerman sold 7,815 shares of the firm's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the transaction, the director owned 74,466 shares of the company's stock, valued at $10,127,376. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Primoris Services Trading Up 3.5%
Shares of Primoris Services stock opened at $130.67 on Tuesday. Primoris Services Co. has a 1 year low of $49.10 and a 1 year high of $146.16. 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 business has a 50 day moving average price of $130.73 and a 200 day moving average price of $111.41. The company has a market capitalization of $7.06 billion, a P/E ratio of 43.27 and a beta of 1.37.
Primoris Services (NASDAQ:PRIM - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The construction company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.51. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $1.22 earnings per share. Primoris Services's revenue was up 32.1% compared to the same quarter last year. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. Sell-side analysts anticipate that Primoris Services Co. will post 3.26 EPS for the current fiscal year.
Primoris Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Primoris Services's payout ratio is presently 6.31%.
Hedge Funds Weigh In On Primoris Services
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its holdings in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company's stock valued at $29,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group increased its stake in Primoris Services by 3,626.7% during the first quarter. Brooklyn Investment Group now owns 559 shares of the construction company's stock worth $32,000 after acquiring an additional 544 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Primoris Services in the 2nd quarter worth about $34,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Primoris Services in the 3rd quarter worth about $37,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Primoris Services in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 91.82% of the company's stock.
Wall Street Analyst Weigh In
PRIM has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating on shares of Primoris Services in a research note on Wednesday, November 5th. Guggenheim reissued a "neutral" rating on shares of Primoris Services in a research note on Wednesday, October 15th. Jefferies Financial Group restated a "buy" rating and set a $161.00 target price on shares of Primoris Services in a research report on Wednesday, November 5th. DA Davidson lifted their target price on shares of Primoris Services from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Finally, Glj Research assumed coverage on Primoris Services in a research note on Monday, September 22nd. They set a "buy" rating and a $160.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.57.
Check Out Our Latest Report on Primoris Services
Primoris Services Company Profile
(
Get Free Report)
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.
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