<div id="readability-page-1"><p>Primoris Services Corporation (NYSE:PRIM - Get Free Report)'s share price was up 10.5% during trading on Tuesday after UBS Group raised their price target on the stock from $176.00 to $212.00. UBS Group currently has a buy rating on the stock. Primoris Services traded as high as $205.34 and last traded at $205.0750. Approximately 1,027,307 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 785,712 shares. The stock had previously closed at $185.55.</p><div><p><span></span><span>Get <strong>Primoris Services</strong> alerts:</span></p></div><ul><li>Smaller Industrials Names Seeing Surging Growth: Here's Why</li></ul><p>A number of other research firms have also commented on PRIM. Wall Street Zen lowered Primoris Services from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, February 28th. The Goldman Sachs Group lifted their price objective on Primoris Services from $117.00 to $133.00 and gave the stock a &#34;sell&#34; rating in a report on Wednesday, January 28th. JPMorgan Chase &amp; Co. lifted their price objective on Primoris Services from $165.00 to $171.00 and gave the stock a &#34;neutral&#34; rating in a report on Wednesday, April 1st. Mizuho lifted their price objective on Primoris Services from $128.00 to $143.00 and gave the stock a &#34;neutral&#34; rating in a report on Wednesday, February 25th. Finally, Wolfe Research started coverage on Primoris Services in a report on Thursday, April 9th. They issued an &#34;outperform&#34; rating and a $183.00 price objective for the company. One investment analyst  has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $159.25.</p><p><b>Check Out Our Latest Report on Primoris Services</b></p><h2>Hedge Funds Weigh In On Primoris Services</h2><p>Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in shares of  Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the company's stock valued at $43,000 after acquiring an additional 194 shares in the last quarter.  Goldman Sachs Group Inc. lifted its position in shares of  Primoris Services by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the company's stock valued at $28,337,000 after acquiring an additional 33,934 shares in the last quarter.  Caxton Associates LLP purchased a new position in shares of  Primoris Services in the first quarter valued at about $268,000.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of  Primoris Services by 25.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the company's stock valued at $9,650,000 after acquiring an additional 33,818 shares in the last quarter.  Finally, M&amp;T Bank Corp purchased a new position in shares of  Primoris Services in the second quarter valued at about $274,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Primoris Services Price Performance</h2><p>The company's 50-day moving average price is $152.12. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 40.73 and a beta of 1.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. </p><p>Primoris Services (NYSE:PRIM - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The business's revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.  As a group, research analysts anticipate that  Primoris Services Corporation will post 5.73 earnings per share for the current year. </p><h2>Primoris Services Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Primoris Services's payout ratio is 6.36%. </p><h2>About Primoris Services</h2> (Get Free Report)<p>Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. 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, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.</p><h2>Read More</h2><ul><li>Five stocks we like better than Primoris Services</li></ul><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 reporting and unbiased coverage. 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>Primoris Services (NYSE:PRIM) shares rose 10.5% after UBS Group upgraded its price target from $176 to $212, maintaining a buy rating. The stock traded as high as $205.34, with over 1 million shares exchanged, a 31% increase in volume. Analysts have mixed ratings, with one strong buy, eleven buys, five holds, and one sell. The company reported a quarterly EPS of $1.08, exceeding estimates, and announced a quarterly dividend of $0.08. Primoris operates in construction and engineering services across the U.S. and Canada.</p>

Primoris Services (NYSE:PRIM) Trading 10.5% Higher Following Analyst Upgrade