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 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
29% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 34
13% more capital invested
Capital invested by funds: $2.59B [Q2] → $2.93B (+$332M) [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
3.47% less ownership
Funds ownership: 97.49% [Q2] → 94.01% (-3.47%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
JP Morgan Drew Chamberlain 71% 1-year accuracy 5 / 7 met price target | 11%upside $88 | Overweight Maintained | 28 Jan 2025 |
Guggenheim Joseph Osha 45% 1-year accuracy 17 / 38 met price target | 29%upside $102 | Buy Initiated | 8 Jan 2025 |
Keybanc Sangita Jain 47% 1-year accuracy 20 / 43 met price target | 21%upside $96 | Overweight Initiated | 11 Dec 2024 |
UBS Steven Fisher 54% 1-year accuracy 14 / 26 met price target | 26%upside $100 | Buy Maintained | 14 Nov 2024 |
Financial journalist opinion









