Street Calls of the Week
Director Michael E. Ching sold 2,935 shares of Primoris Services Corp NASDAQ:PRIM common stock on September 11, 2025. The shares were sold at a price of $119.89, for a total transaction value of $351,877. The sale comes as PRIM trades near its 52-week high of $125.35, having surged 127% over the past year and 84% in the last six months. According to InvestingPro analysis, the stock is currently showing overbought signals.
Following the transaction, Ching directly owns 9,534 shares of the company, which currently has a market capitalization of $6.69 billion. For deeper insights into insider trading patterns and comprehensive analysis, consider exploring PRIM’s detailed Pro Research Report on InvestingPro.
In other recent news, Primoris Services Corporation reported strong second-quarter 2025 financial results, with earnings per share (EPS) of $1.68, surpassing expectations by 55.56%. The company’s revenue reached $1.9 billion, exceeding forecasts by 11.83%. These results have led Guggenheim to raise its price target for Primoris Services to $130, maintaining a Buy rating. Similarly, KeyBanc increased its price target to $129, citing meetings with Primoris executives as influential in their decision to maintain an Overweight rating. Earlier, KeyBanc had already raised the price target to $119 following the strong Q2 results. Mizuho initiated coverage on Primoris Services with a Neutral rating and a price target of $112, acknowledging the company’s operational discipline. The company’s ability to meet its gross margin targets ahead of schedule was noted as a significant achievement. These developments reflect a growing confidence among analysts in Primoris Services’ financial performance and strategic execution.
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