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
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
5 analyst ratings
Keybanc Sangita Jain 55% 1-year accuracy 23 / 42 met price target | 19%upside $96 | Overweight Initiated | 11 Dec 2024 |
UBS Steven Fisher 61% 1-year accuracy 17 / 28 met price target | 24%upside $100 | Buy Maintained | 14 Nov 2024 |
DA Davidson Brent Thielman 78% 1-year accuracy 36 / 46 met price target | 5%upside $85 | Buy Maintained | 6 Nov 2024 |
Goldman Sachs Jerry Revich 53% 1-year accuracy 20 / 38 met price target | 3%downside $78 | Neutral Maintained | 6 Nov 2024 |
JP Morgan Drew Chamberlain 75% 1-year accuracy 3 / 4 met price target | 12%downside $71 | Overweight Initiated | 7 Oct 2024 |
Financial journalist opinion
Based on 6 articles about PRIM published over the past 30 days
