PRIM - Primoris Services Corp Stock Price, Fair Value and News

45.10USD+0.60 (+1.35%)Delayed as of 23 Apr 2024, 11:15 am ET

Market Summary

USD45.10+0.60

Delayedas of 23 Apr 2024, 11:15 am

1.35%

PRIM Alerts

1 major insider sales recently.

PRIM Stock Price

View Fullscreen

PRIM RSI Chart

PRIM Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

18.85

Price/Sales (Trailing)

0.42

EV/EBITDA

8.3

Price/Free Cashflow

24.89

PRIM Price/Sales (Trailing)

PRIM Profitability

EBT Margin

3.11%

Return on Equity

10.21%

Return on Assets

3.3%

Free Cashflow Yield

4.02%

PRIM Fundamentals

PRIM Revenue

Revenue (TTM)

5.7B

Rev. Growth (Yr)

14.02%

Rev. Growth (Qtr)

-0.91%

PRIM Earnings

Earnings (TTM)

126.1M

Earnings Growth (Yr)

-9.26%

Earnings Growth (Qtr)

-21.78%

Breaking Down PRIM Revenue

52 Week Range

23.4845.45

(Low)(High)

Last 7 days

-0.6%

Last 30 days

8.7%

Last 90 days

37.0%

Trailing 12 Months

83.3%

How does PRIM drawdown profile look like?

PRIM Financial Health

Current Ratio

1.41

Debt/Equity

0.72

Debt/Cashflow

0.22

PRIM Investor Care

Dividend Yield

0.54%

Dividend/Share (TTM)

0.24

Shares Dilution (1Y)

0.57%

Diluted EPS (TTM)

2.32

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	4.9B	5.3B	5.5B	5.7B
2022	3.5B	3.6B	4.0B	4.4B
2021	3.6B	3.5B	3.5B	3.5B
2020	3.2B	3.3B	3.4B	3.5B
2019	3.1B	3.2B	3.2B	3.1B
2018	2.3B	2.3B	2.6B	2.9B
2017	2.1B	2.3B	2.4B	2.4B
2016	2.0B	1.9B	1.9B	2.0B
2015	2.0B	2.0B	1.9B	1.9B
2014	2.0B	2.1B	2.1B	2.1B
2013	1.7B	1.8B	1.9B	1.9B
2012	1.4B	1.4B	1.4B	1.5B
2011	1.1B	1.3B	1.4B	1.5B
2010	0	625.3M	783.5M	941.8M
2009	0	0	0	467.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Primoris Services Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	schauerman john p.	sold	-826,144	41.3072	-20,000	-
Mar 15, 2024	schauerman john p.	sold	-812,240	40.612	-20,000	-
Mar 13, 2024	king david lee	sold	-101,714	40.6856	-2,500	-
Mar 07, 2024	stricker travis l	sold	-300,000	40.00	-7,500	chief accounting officer
Mar 01, 2024	dodgen kenneth morris	sold (taxes)	-298,291	39.64	-7,525	chief financial officer
Mar 01, 2024	perisich john m.	acquired	-	-	13,761	chief legal officer
Mar 01, 2024	mccormick thomas edward	sold (taxes)	-896,578	39.64	-22,618	ceo & president
Mar 01, 2024	stricker travis l	acquired	-	-	748	chief accounting officer
Mar 01, 2024	stricker travis l	sold (taxes)	-68,260	39.64	-1,722	chief accounting officer
Mar 01, 2024	mccormick thomas edward	acquired	-	-	22,949	ceo & president

Which funds bought or sold PRIM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	Advisor Resource Council	sold off	-100	-246,826	-	-%
Apr 19, 2024	DENALI ADVISORS LLC	added	37.74	1,348	3,108	-%
Apr 18, 2024	Park Place Capital Corp	unchanged	-	1,722	7,833	-%
Apr 18, 2024	Phocas Financial Corp.	unchanged	-	-10,362,600	10,373	0.04%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	9.02	180,895	636,038	-%
Apr 12, 2024	A. D. Beadell Investment Counsel, Inc.	reduced	-4.55	905,000	4,954,000	4.33%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	2,668	12,150	-%
Apr 10, 2024	Fulton Bank, N.A.	added	0.22	123,635	557,921	0.02%
Apr 09, 2024	MATHER GROUP, LLC.	new	-	6,642	6,642	-%
Apr 05, 2024	CWM, LLC	added	2.34	9,000	37,000	-%

Are Funds Buying or Selling PRIM?

Are funds buying PRIM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRIM

No. of Funds

PRIM Alerts

1 major insider sales recently.

Unveiling Primoris Services Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.79%	5,225,779	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.7%	3,595,569	SC 13G/A
Feb 08, 2024	wellington management group llp	2.92%	1,558,081	SC 13G/A
Jan 08, 2024	blackrock inc.	10.3%	5,488,452	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.5%	2,938,505	SC 13G
Feb 09, 2023	vanguard group inc	10.24%	5,436,419	SC 13G/A
Feb 06, 2023	wellington management group llp	7.26%	3,857,157	SC 13G/A
Jan 25, 2023	blackrock inc.	8.9%	4,731,781	SC 13G
Nov 10, 2022	vanguard group inc	10.15%	5,403,076	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.4%	2,391,110	SC 13G/A

Recent SEC filings of Primoris Services Corp

View All Filings

Date Filed	Form Type	Document
Mar 22, 2024	144	Notice of Insider Sale Intent
Mar 22, 2024	ARS	ARS
Mar 22, 2024	DEF 14A	DEF 14A
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 21, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 14, 2024	4	Insider Trading
Mar 13, 2024	144	Notice of Insider Sale Intent
Mar 11, 2024	4	Insider Trading

Peers (Alternatives to Primoris Services Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	182.6B	67.1B	-0.14%	62.36%	17.67	2.72	12.84%	54.12%
GE	163.4B	68.0B	-14.27%	50.89%	17.24	2.4	16.96%	2688.24%
CMI	41.2B	34.1B	-0.06%	24.60%	49	1.21	21.34%	-61.52%
AME	41.1B	6.6B	-2.90%	29.26%	31.28	6.23	7.26%	13.25%
ACM	12.6B	14.9B	-5.07%	12.52%	203.86	0.85	12.31%	-81.65%
MID-CAP
APG	9.1B	6.9B	-4.37%	71.19%	59.36	1.31	5.64%	109.59%
FLR	6.7B	15.5B	-4.06%	33.73%	48.56	0.43	12.59%	-4.48%
FLS	6.0B	4.3B	0.90%	39.40%	32.35	1.4	19.51%	-1.03%
ACA	3.7B	2.3B	-10.11%	25.92%	23.21	1.6	2.90%	-35.23%
ALG	2.5B	1.7B	-4.81%	13.17%	18	1.45	11.63%	33.59%
SMALL-CAP
AMRC	995.4M	1.4B	-3.29%	-56.18%	15.93	0.72	-24.65%	-34.19%
NKLA	841.4M	35.8M	-4.55%	-31.71%	-0.87	23.48	-27.93%	-23.21%
AGX	816.9M	573.3M	21.24%	54.79%	25.25	1.42	26.00%	-2.24%
AMSC	360.8M	135.4M	-9.82%	190.84%	-22	2.67	-25.90%	65.37%
ADES	220.7M	99.2M	6.41%	240.51%	-18.02	2.23	-3.69%	-37.37%

Primoris Services Corp News

Latest updates

Primoris Services Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.9%	1,516	1,529	1,413	1,257	1,329	1,284	1,023	784	884	913	882	818	897	943	908	743	790	865	790	662	878
Gross Profit	-9.9%	157	174	157	100	153	155	92.00	56.00	96.00	127	113	80.00	98.00	124	101	48.00	90.00	108	81.00	52.00	103
S&GA Expenses	-4.3%	81.00	84.00	86.00	78.00	91.00	76.00	60.00	55.00	57.00	62.00	58.00	53.00	50.00	57.00	51.00	44.00	48.00	50.00	49.00	43.00	50.00
EBITDA Margin	-0.2%	0.06*	0.06*	0.06*	0.07*	0.07*	0.07*	0.08*	0.08*	0.08*	0.08*	0.08*	0.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	22.2%	25.00	20.00	20.00	17.00	17.00	8.00	6.00	5.00	6.00	6.00	5.00	6.00	2.00	5.00	4.00	9.00	-1.34	5.00	7.00	6.00	7.00
Income Taxes	-21.8%	15.00	20.00	16.00	1.00	4.00	10.00	13.00	-0.62	3.00	17.00	14.00	2.00	11.00	18.00	13.00	-1.53	11.00	15.00	7.00	1.00	11.00
Earnings Before Taxes	-21.8%	53.00	68.00	55.00	2.00	45.00	53.00	63.00	-2.29	33.00	61.00	50.00	8.00	43.00	62.00	46.00	-5.26	39.00	50.00	25.00	4.00	46.00
EBT Margin	1.1%	0.03*	0.03*	0.03*	0.03*	0.04*	0.04*	0.04*	0.04*	0.04*	0.05*	0.05*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	-21.8%	38.00	48.00	39.00	1.00	42.00	43.00	50.00	-1.67	30.00	44.00	36.00	6.00	32.00	44.00	33.00	-3.74	27.00	36.00	18.00	2.00	32.00
Net Income Margin	-6.1%	0.02*	0.02*	0.02*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	451.6%	185	34.00	6.00	-129	166	-20.80	-130	-26.59	32.00	-29.92	-45.49	-11.10	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.6%	3,827	3,803	3,722	3,523	3,544	3,454	2,714	2,597	2,543	2,598	2,494	2,515	1,970	2,000	1,954	1,835	1,830	1,869	1,825	1,691	1,594
Current Assets	-0.3%	1,885	1,891	1,871	1,682	1,704	1,662	1,318	1,214	1,182	1,217	1,094	1,104	1,115	1,117	1,047	917	913	962	972	876	924
Cash Equivalents	35.5%	218	161	123	95.00	249	112	91.00	174	201	199	178	213	327	229	156	93.00	120	44.00	54.00	74.00	153
Net PPE	-2.8%	476	489	481	484	494	509	463	459	433	434	432	-	356	367	368	364	376	380	377	369	376
Goodwill	0%	858	858	858	5.00	872	820	592	584	582	585	582	589	367	215	215	215	206	215	215	215	206
Liabilities	-0.6%	2,591	2,606	2,572	2,414	2,435	2,386	1,681	1,610	1,553	1,621	1,557	1,614	1,255	1,316	1,309	1,220	1,201	1,215	1,204	1,080	987
Current Liabilities	2.9%	1,335	1,298	1,289	1,134	1,138	1,086	889	844	759	823	759	797	764	782	757	684	670	692	687	620	622
Long Term Debt	-12.6%	885	1,014	1,037	1,035	1,065	1,122	638	599	594	611	592	592	269	281	301	291	296	307	347	307	306
LT Debt, Current	-14.5%	73.00	85.00	76.00	78.00	78.00	80.00	63.00	66.00	67.00	68.00	62.00	61.00	48.00	48.00	52.00	52.00	56.00	60.00	65.00	67.00	62.00
LT Debt, Non Current	-12.6%	885	1,014	1,037	1,035	1,065	1,122	638	599	594	611	592	592	269	281	301	291	296	307	347	307	306
Shareholder's Equity	3.3%	1,236	1,197	1,150	1,109	1,109	1,068	1,033	988	990	977	936	901	715	684	645	615	630	654	621	610	607
Retained Earnings	3.7%	961	927	882	846	848	809	770	723	727	701	660	627	625	596	555	525	531	507	475	460	461
Additional Paid-In Capital	1.1%	276	273	269	266	264	262	262	263	262	275	274	273	89.00	88.00	91.00	91.00	97.00	147	146	147	144
Shares Outstanding	0.1%	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	53.00	54.00	54.00	50.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	4.00	3.00
Float	-	-	-	1,605	-	-	-	1,158	-	-	-	1,562	-	-	-	864	-	-	-	931	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	179.2%	205,699	73,685	34,505	-115,337	185,381	-10,922	-97,690	6,577	64,127	9,457	-1,810	7,973	121,522	130,828	66,118	-5,467	159,062	56,408	-24,428	-72,096	139,688
Share Based Compensation	-19.3%	2,878	3,567	3,009	2,379	1,693	1,753	2,442	1,553	1,316	1,661	1,333	6,152	544	528	703	499	361	360	371	487	505
Cashflow From Investing	72.6%	-4,389	-15,994	-3,157	-6,470	3,071	-440,635	-11,501	-32,874	-25,649	-6,424	-28,984	-630,211	-5,812	-27,077	-7,208	-2,409	-12,011	-18,151	-25,732	-9,979	-27,011
Cashflow From Financing	-668.2%	-145,256	-18,909	-4,513	-36,601	-63,309	489,152	27,426	-1,226	-36,972	18,453	-4,212	508,464	-16,851	-30,706	3,929	-19,195	-69,768	-47,948	29,762	4,670	-20,922
Dividend Payments	0.1%	3,201	3,199	3,196	3,187	3,195	3,193	3,198	3,192	3,231	3,224	3,223	2,887	2,887	2,893	2,895	2,919	3,059	3,058	3,051	3,043	3,072
Buy Backs	-	-	-	-	-	-	2,620	3,370	-	-	-	-	-	247	3,110	950	7,393	-	-	-	-	11,521

PRIM Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF INCOME
Revenue	$ 5,715,309	$ 4,420,599	$ 3,497,632
Cost of revenue	5,127,818	3,963,714	3,080,972
Gross profit	587,491	456,885	416,660
Selling, general and administrative expenses	328,733	281,577	230,110
Transaction and related costs	5,685	20,054	16,399
Gain on sale and leaseback transaction		(40,084)
Operating income	253,073	195,338	170,151
Other income (expense):
Foreign exchange gain (loss), net	1,163	1,088	(95)
Other income, net	1,604	2,072	299
Interest expense, net	(78,171)	(39,212)	(18,498)
Income before provision for income taxes	177,669	159,286	151,857
Provision for income taxes	(51,524)	(26,265)	(36,118)
Net income	$ 126,145	$ 133,021	$ 115,739
Dividends per common share (in dollars per share)	$ 0.24	$ 0.24	$ 0.24
Earnings per share:
Basic (in dollars per share)	2.37	2.50	2.19
Diluted (in dollars per share)	$ 2.33	$ 2.47	$ 2.17
Weighted average common shares outstanding:
Basic (in shares)	53,297	53,200	52,674
Diluted (in shares)	54,223	53,759	53,161

PRIM Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 217,778	$ 248,692
Accounts receivable, net	685,439	663,119
Contract assets	846,176	616,224
Prepaid expenses and other current assets	135,840	176,350
Total current assets	1,885,233	1,704,385
Property and equipment, net	475,929	493,859
Operating lease assets	360,507	202,801
Intangible assets, net	227,561	249,381
Goodwill	857,650	871,808
Other long-term assets	20,547	21,786
Total assets	3,827,427	3,544,020
Current liabilities:
Accounts payable	628,962	534,956
Contract liabilities	366,476	275,947
Accrued liabilities	263,492	245,837
Dividends payable	3,202	3,187
Current portion of long-term debt	72,903	78,137
Total current liabilities	1,335,035	1,138,064
Long-term debt, net of current portion	885,369	1,065,315
Noncurrent operating lease liabilities, net of current portion	263,454	130,787
Deferred tax liabilities	59,565	57,101
Other long-term liabilities	47,912	43,915
Total liabilities	2,591,335	2,435,182
Commitments and contingencies (See Note 12)
Stockholders' equity
Common stock-$0.0001 par value; 90,000,000 shares authorized; 53,366,327 and 53,124,899 issued and outstanding at December 31, 2023 and December 31, 2022, respectively	6	6
Additional paid-in capital	275,846	263,771
Retained earnings	961,028	847,681
Accumulated other comprehensive income	(788)	(2,620)
Total stockholders' equity	1,236,092	1,108,838
Total liabilities and stockholders' equity	$ 3,827,427	$ 3,544,020

About Primoris Services Corp

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction and maintenance, carbon capture and storage services; pipeline facility and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.

CEO	Mr. Thomas E. McCormick
WEBSITE	prim.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	2509

Primoris Services Corp Frequently Asked Questions

What is the ticker symbol for Primoris Services Corp? What does PRIM stand for in stocks?

PRIM is the stock ticker symbol of Primoris Services Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Primoris Services Corp (PRIM)?

As of Mon Apr 22 2024, market cap of Primoris Services Corp is 2.38 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRIM stock?

You can check PRIM's fair value in chart for subscribers.

What is the fair value of PRIM stock?

You can check PRIM's fair value in chart for subscribers. The fair value of Primoris Services Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Primoris Services Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRIM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Primoris Services Corp a good stock to buy?

The fair value guage provides a quick view whether PRIM is over valued or under valued. Whether Primoris Services Corp is cheap or expensive depends on the assumptions which impact Primoris Services Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRIM.

What is Primoris Services Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, PRIM's PE ratio (Price to Earnings) is 18.85 and Price to Sales (PS) ratio is 0.42. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRIM PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Primoris Services Corp's stock?

In the past 10 years, Primoris Services Corp has provided 0.056 (multiply by 100 for percentage) rate of return.