<div id="readability-page-1"><p><span>Primoris Services (NASDAQ:PRIM - Get Free Report)</span> had its price target hoisted by equities research analysts at Guggenheim  from $110.00 to $130.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the construction company's stock. Guggenheim's price target would indicate a potential upside of 15.17% from the stock's current price.</p><p>Several other research analysts also recently issued reports on PRIM. KeyCorp boosted their price objective on shares of Primoris Services from $98.00 to $119.00 and gave the stock an &#34;overweight&#34; rating in a report on Wednesday, August 6th. Janney Montgomery Scott began coverage on shares of Primoris Services in a research note on Thursday, July 3rd. They issued a &#34;buy&#34; rating and a $102.00 target price for the company. DA Davidson boosted their price target on shares of Primoris Services from $85.00 to $125.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, August 6th. UBS Group increased their target price on shares of Primoris Services from $100.00 to $110.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase &amp; Co. increased their price target on shares of Primoris Services from $90.00 to $102.00 and gave the company an &#34;overweight&#34; rating in a research note on Tuesday, July 22nd. One equities research analyst  has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $101.67.</p><div><p><span></span><span>Get <strong>Primoris Services</strong> alerts:</span></p></div><p><b>Check Out Our Latest Report on Primoris Services</b></p><h2>Primoris Services Price Performance</h2><p>Shares of NASDAQ:PRIM opened at $112.88 on Tuesday. The firm's 50 day moving average is $88.97 and its two-hundred day moving average is $74.37. Primoris Services has a 52 week low of $48.33 and a 52 week high of $115.99. The firm has a market capitalization of $6.10 billion, a P/E ratio of 37.38 and a beta of 1.44. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. </p><p>Primoris Services (NASDAQ:PRIM - Get Free Report) last issued its earnings results on Monday, August 4th. The construction company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.58. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the firm posted $1.04 earnings per share. The firm's revenue for the quarter was up 20.9% compared to the same quarter last year.  Analysts anticipate that  Primoris Services will post 3.26 earnings per share for the current year. </p><h2>Insiders Place Their Bets</h2><p>In other news, Director John P. Schauerman sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $114.01, for a total value of $2,280,200.00. Following the transaction, the director owned 82,281 shares in the company, valued at approximately $9,380,856.81. This trade represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of Primoris Services</h2><p>A number of hedge funds have recently modified their holdings of PRIM. Allspring Global Investments Holdings LLC grew its stake in shares of  Primoris Services by 34.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,922 shares of the construction company's stock valued at $799,000 after purchasing an additional 3,561 shares during the period.  Cambridge Investment Research Advisors Inc. bought a new position in shares of  Primoris Services during the 1st quarter worth $231,000.  SG Americas Securities LLC bought a new position in shares of  Primoris Services during the 1st quarter worth $1,070,000.  KBC Group NV boosted its position in  Primoris Services by 24.5% during the first quarter. KBC Group NV now owns 2,831 shares of the construction company's stock valued at $163,000 after purchasing an additional 558 shares in the last quarter.  Finally, Hsbc Holdings PLC raised its stake in  Primoris Services by 74.3% in the fourth quarter. Hsbc Holdings PLC now owns 45,822 shares of the construction company's stock valued at $3,514,000 after buying an additional 19,530 shares during the last quarter. Institutional investors own  91.82% of the company's stock. </p><h2>Primoris Services Company Profile</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Primoris Services</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Wall Street Bets Boeing Stock Is Making a Comeback</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Hyperscaler Spending Could Supercharge Super Micro Computer Stock</li><li>Financial Services Stocks Investing</li><li>3 Subscription Stocks Built to Withstand Market Volatility</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJJTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJJTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Primoris Services Right Now?</h2><p>Before you consider Primoris Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primoris Services wasn't on the list.</p><p>While Primoris Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PRIM

<p>Guggenheim has raised its price target for Primoris Services (NASDAQ:PRIM) from $110.00 to $130.00, maintaining a "buy" rating. This suggests a potential upside of 15.17% from the current price. Other analysts have also increased their targets, with a consensus rating of "Moderate Buy" and an average price target of $101.67. Primoris Services reported strong earnings, exceeding estimates, and has seen significant institutional investment, with 91.82% of shares held by institutional investors.</p>

Primoris Services (NASDAQ:PRIM) Stock Price Expected to Rise, Guggenheim Analyst Says