Primoris Services (PRIM)

• Market cap: $3.55B
• 1 day: -2.63%
• 5 days: -11.89%
• 1 month: -25.85%
• 3 months: -20.71%
• 6 months: 24.17%
• Year to date: -14.14%
• 1 year: 69.59%
• 5 years: 187.67%
• 10 years: 213.34%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 26

67% more funds holding in top 10

Funds holding in top 10: 9 [Q3] → 15 (+6) [Q4]

32% more capital invested

Capital invested by funds: $2.93B [Q3] → $3.86B (+$929M) [Q4]

19% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 106

16% more call options, than puts

Call options by funds: $10.3M | Put options by funds: $8.82M

15% more funds holding

Funds holding: 301 [Q3] → 345 (+44) [Q4]

0.08% less ownership

Funds ownership: 94.01% [Q3] → 93.94% (-0.08%) [Q4]

Research analyst outlook

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

• Low target: $88 33% upside
• Avg. target: $95 44% upside
• High target: $102 54% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

JP Morgan Drew Chamberlain 57% 1-year accuracy 4 / 7 met price target	33% upside $88	Overweight Maintained	28 Jan 2025
Guggenheim Joseph Osha 37% 1-year accuracy 14 / 38 met price target	55% upside $102	Buy Initiated	8 Jan 2025
Keybanc Sangita Jain 37% 1-year accuracy 15 / 41 met price target	45% upside $96	Overweight Initiated	11 Dec 2024