Primoris Services Corporation (PRIM) Stock Falls on Q1 2026 Earnings

Primoris Services Corporation (PRIM) reported first-quarter 2026 results with total revenue of $1.56 billion, down 5.4% year‑over‑year, and gross profit of $134.7 million, down 21.1%.

Operating profit: $24.4 million (down 65.3% YoY).

Net income attributable to common shareholders: $17.4 million (down 60.7% YoY).

Diluted earnings per share: $0.32 (down 60.5% YoY).

Cash flow and balance sheet highlights showed a significant swing in operations and modest liquidity.

Cash from operating activities: -$122.6 million (down 285.3% YoY).

Purchases of property, plant and equipment: -$27.8 million (down 31.5% YoY).

Cash and cash equivalents: $361.5 million (up 2.8% YoY).

Total liabilities: $2.53 billion (down 8.7% YoY).

The company’s revenue of $1.56 billion missed the consensus estimate of $1.77 billion, and the miss was followed by a sharp market reaction with the stock down about -30.51% since market close.

Key takeaways:

Revenue and margins contracted year over year, pressuring profitability.

EPS came in well below expectations, reflecting the earnings decline.

Operating cash flow swung to a large outflow, increasing near‑term liquidity focus.

Balance sheet shows a moderate cash buffer despite elevated liabilities.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Primoris Services Corporation Insider Trading Activity

Primoris Services Corporation insiders have traded $PRIM stock on the open market 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $PRIM stock by insiders over the last 6 months:

PATRICIA K WAGNER sold 13,491 shares for an estimated $1,689,454
JOHN P. SCHAUERMAN sold 7,815 shares for an estimated $1,062,840
DAVID LEE KING (INTERIM PRESIDENT & CEO) sold 3,500 shares for an estimated $455,000
CARLA S MASHINSKI sold 2,082 shares for an estimated $281,361
TERRY D MCCALLISTER has made 2 purchases buying 22 shares for an estimated $3,310 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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Primoris Services Corporation Hedge Fund Activity

We have seen 246 institutional investors add shares of Primoris Services Corporation stock to their portfolio, and 254 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,551,415 shares (+74.8%) to their portfolio in Q4 2025, for an estimated $440,872,658
WELLINGTON MANAGEMENT GROUP LLP added 1,082,218 shares (+163.0%) to their portfolio in Q4 2025, for an estimated $134,346,542
MEREWETHER INVESTMENT MANAGEMENT, LP added 781,700 shares (+inf%) to their portfolio in Q4 2025, for an estimated $97,040,238
NORGES BANK added 751,234 shares (+922.4%) to their portfolio in Q4 2025, for an estimated $93,258,188
STATE STREET CORP added 728,646 shares (+56.8%) to their portfolio in Q4 2025, for an estimated $90,454,114
VANGUARD GROUP INC added 466,192 shares (+7.8%) to their portfolio in Q4 2025, for an estimated $57,873,074
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 407,633 shares (-75.3%) from their portfolio in Q4 2025, for an estimated $50,603,560

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Primoris Services Corporation Congressional Stock Trading

Members of Congress have traded $PRIM stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $PRIM stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 5 times. They made 1 purchase worth up to $15,000 on 03/03 and 4 sales worth up to $60,000 on 02/18, 12/11, 11/24, 11/06.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

Primoris Services Corporation Analyst Ratings

Wall Street analysts have issued reports on $PRIM in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Sell" rating on 11/24/2025

To track analyst ratings and price targets for Primoris Services Corporation, check out Quiver Quantitative's $PRIM forecast page.

Primoris Services Corporation Price Targets

Multiple analysts have issued price targets for $PRIM recently. We have seen 8 analysts offer price targets for $PRIM in the last 6 months, with a median target of $169.5.

Here are some recent targets:

Steven Fisher from UBS set a target price of $212.0 on 05/04/2026
Joseph Osha from Guggenheim set a target price of $195.0 on 04/20/2026
Mark Strouse from JP Morgan set a target price of $171.0 on 04/01/2026
Jerry Revich from Wells Fargo set a target price of $168.0 on 02/26/2026
Maheep Mandloi from Mizuho set a target price of $143.0 on 02/25/2026
Brent Thielman from DA Davidson set a target price of $180.0 on 02/25/2026
Adam Bubes from Goldman Sachs set a target price of $133.0 on 01/28/2026