Primoris ServicesPRIM
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 the 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: 15,716
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
211% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 27
67% more funds holding in top 10
Funds holding in top 10: 9 [Q3] → 15 (+6) [Q4]
34% more capital invested
Capital invested by funds: $2.9B [Q3] → $3.88B (+$977M) [Q4]
21% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 106
17% more funds holding
Funds holding: 301 [Q3] → 353 (+52) [Q4]
16% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $8.82M
1.25% more ownership
Funds ownership: 93.28% [Q3] → 94.53% (+1.25%) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Keybanc Sangita Jain 36% 1-year accuracy 17 / 47 met price target | 12%upside $67 | Overweight Maintained | 16 Apr 2025 |
Guggenheim Joseph Osha 40% 1-year accuracy 19 / 47 met price target | 83%upside $110 | Buy Reiterated | 10 Apr 2025 |
Piper Sandler Kashy Harrison 33% 1-year accuracy 13 / 40 met price target | 25%upside $75 | Overweight Initiated | 8 Apr 2025 |
Jefferies Julien Dumoulin-Smith 62% 1-year accuracy 53 / 86 met price target | 22%upside $73 | Buy Initiated | 11 Mar 2025 |
JP Morgan Drew Chamberlain 38% 1-year accuracy 3 / 8 met price target | 50%upside $90 | Overweight Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 7 articles about PRIM published over the past 30 days
