Primoris Services Corp (NYSE: PRIM) is -16.43% lower on its value in year-to-date trading and has touched a low of $45.37 and a high of $90.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRIM stock was last observed hovering at around $59.97 in the last trading session, with the day’s gains setting it 3.88%.
Currently trading at $63.85, the stock is 10.99% and 3.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 6.47% at the moment leaves the stock -3.27% off its SMA200. PRIM registered 34.53% gain for a year compared to 6-month loss of 0.46%. The firm has a 50-day simple moving average (SMA 50) of $61.8298 and a 200-day simple moving average (SMA200) of $66.0083.
The stock witnessed a 10.91% gain in the last 1 month and extending the period to 3 months gives it a -17.12%, and is 7.42% 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 3.28% over the week and 5.43% over the month.
Primoris Services Corp (PRIM) has around 15716 employees, a market worth around $3.44B and $6.37B in sales. Current P/E ratio is 19.29 and Fwd P/E is 13.02. Profit margin for the company is 2.84%. Distance from 52-week low is 40.73% and -29.73% from its 52-week high. The company has generated returns on investments over the last 12 months (7.53%).
with sales reaching $1.49B over the same period.The EPS is expected to grow by 10.11% this year, but quarterly earnings will post 4.97% year-over-year. Quarterly sales are estimated to grow 5.49% in year-over-year returns.
481.0 institutions hold shares in Primoris Services Corp (PRIM), with institutional investors hold 98.46% of the company’s shares. The shares outstanding are 53.74M, and float is at 53.32M with Short Float at 5.18%. Institutions hold 97.29% 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 10.419 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 9.6167 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 5.0109 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 McCormick Thomas Edward, the company’s PRESIDENT & CEO. SEC filings show that McCormick Thomas Edward sold 61,390 shares of the company’s common stock on Mar 17 ’25 at a price of $64.10 per share for a total of $3.94 million. Following the sale, the insider now owns 46796.0 shares.
Still, SEC filings show that on Mar 05 ’25, Kinch Jeremy (COSO) disposed off 4,500 shares at an average price of $68.24 for $0.31 million. The insider now directly holds 12,586 shares of Primoris Services Corp (PRIM).
