Primoris Services (PRIM)

• Market cap: $4.46B
• 1 day: -2.26%
• 5 days: -1.52%
• 1 month: 12.38%
• 3 months: 65.48%
• 6 months: 54.86%
• Year to date: 152.86%
• 1 year: 166.76%
• 5 years: 278.60%
• 10 years: 260.20%
• Sector: Industrials
• Industry: Water, Sewer, Pipeline, Comm & Power Line Construction

About: Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.

Employees: 14,058

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

832% more call options, than puts

Call options by funds: $8.87M | Put options by funds: $952K

19% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 37

13% more capital invested

Capital invested by funds: $2.57B [Q2] → $2.9B (+$335M) [Q3]

2% more funds holding

Funds holding: 294 [Q2] → 301 (+7) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 9 [Q2] → 9 (+0) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 112

3.34% less ownership

Funds ownership: 96.62% [Q2] → 93.29% (-3.34%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $71 14% downside
• Avg. target: $82 1% downside
• High target: $100 20% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

UBS Steven Fisher 68% 1-year accuracy 17 / 25 met price target	21% upside $100	Buy Maintained	14 Nov 2024
DA Davidson Brent Thielman 86% 1-year accuracy 25 / 29 met price target	2% upside $85	Buy Maintained	6 Nov 2024
Goldman Sachs Jerry Revich 59% 1-year accuracy 19 / 32 met price target	6% downside $78	Neutral Maintained	6 Nov 2024
UBS Steven Fisher 68% 1-year accuracy 17 / 25 met price target	10% downside $75	Buy Maintained	23 Oct 2024
JP Morgan Drew Chamberlain 67% 1-year accuracy 2 / 3 met price target	14% downside $71	Overweight Initiated	7 Oct 2024