Primoris Services Corp (NYSE: PRIM) is 91.96% higher on its value in year-to-date trading and has touched a low of $28.96 and a high of $63.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRIM stock was last observed hovering at around $63.29 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $63.75, the stock is 3.57% and 10.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.73% at the moment leaves the stock 30.01% off its SMA200. PRIM registered 116.25% gain for a year compared to 6-month gain of 39.31%. The firm has a 50-day simple moving average (SMA 50) of $57.6002 and a 200-day simple moving average (SMA200) of $49.0341.
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The stock witnessed a 11.72% loss in the last 1 month and extending the period to 3 months gives it a 18.87%, and is 3.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.84% over the week and 2.55% over the month.
Primoris Services Corp (PRIM) has around 14058 employees, a market worth around $3.42B and $6.02B in sales. Current P/E ratio is 22.50 and Fwd P/E is 16.61. Profit margin for the company is 2.56%. Distance from 52-week low is 120.13% and -0.16% from its 52-week high. The company has generated returns on investments over the last 12 months (6.29%).
The EPS is expected to grow by 17.01% this year
407.0 institutions hold shares in Primoris Services Corp (PRIM), with institutional investors hold 98.10% of the company’s shares. The shares outstanding are 53.37M, and float is at 53.08M with Short Float at 2.31%. Institutions hold 96.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.59 million shares valued at $278.82 million. The investor’s holdings represent 10.4483 of the PRIM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.16 million shares valued at $257.35 million to account for 9.6436 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.58 million shares representing 6.6947 and valued at over $178.66 million, while FRANKLIN RESOURCES INC holds 5.0249 of the shares totaling 2.69 million with a market value of $134.1 million.
Primoris Services Corp (PRIM) Insider Activity
The most recent transaction is an insider sale by Schauerman John P., the company’s Director. SEC filings show that Schauerman John P. sold 25,000 shares of the company’s common stock on Sep 19 ’24 at a price of $59.25 per share for a total of $1.48 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Sep 13 ’24, Perisich John M. (CHIEF LEGAL AND ADMIN OFFICER) disposed off 4,391 shares at an average price of $55.33 for $0.24 million. The insider now directly holds 0 shares of Primoris Services Corp (PRIM).
