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The closing price of Primoris Services Corp (NYSE: PRIM) was $76.41 for the day, up 1.69% from the previous closing price of $75.14. In other words, the price has increased by $1.69 from its previous closing price. On the day, 1.22 million shares were traded. PRIM stock price reached its highest trading level at $79.7 during the session, while it also had its lowest trading level at $75.4873.
Ratios:
Our analysis of PRIM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.35 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on January 08, 2025, initiated with a Buy rating and assigned the stock a target price of $102.
On December 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $96.
On October 07, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $71.JP Morgan initiated its Overweight rating on October 07, 2024, with a $71 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 12 ’24 when STRICKER TRAVIS L sold 4,583 shares for $80.51 per share. The transaction valued at 368,957 led to the insider holds 6,006 shares of the business.
STRICKER TRAVIS L bought 4,583 shares of PRIM for $369,436 on Dec 12 ’24. On Dec 02 ’24, another insider, King David Lee, who serves as the Director of the company, sold 2,000 shares for $83.98 each. As a result, the insider received 167,961 and left with 23,818 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRIM now has a Market Capitalization of 4104218112 and an Enterprise Value of 5097917952. As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.34, and their Forward P/E ratio for the next fiscal year is 19.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 3.02. Its current Enterprise Value per Revenue stands at 0.83 whereas that against EBITDA is 12.55.
Stock Price History:
The Beta on a monthly basis for PRIM is 1.13, which has changed by 1.0631521 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, PRIM has reached a high of $90.86, while it has fallen to a 52-week low of $33.40. The 50-Day Moving Average of the stock is -4.98%, while the 200-Day Moving Average is calculated to be 23.12%.
Shares Statistics:
PRIM traded an average of 733.43K shares per day over the past three months and 911880 shares per day over the past ten days. A total of 53.71M shares are outstanding, with a floating share count of 53.15M. Insiders hold about 1.04% of the company’s shares, while institutions hold 95.15% stake in the company. Shares short for PRIM as of 1736899200 were 1390681 with a Short Ratio of 1.90, compared to 1734048000 on 1673336. Therefore, it implies a Short% of Shares Outstanding of 1390681 and a Short% of Float of 2.92.
Dividends & Splits
With its trailing 12-month dividend rate of 0.24, PRIM has a forward annual dividend rate of 0.26. Against a Trailing Annual Dividend Yield of 0.0031940378The stock’s 5-year Average Dividend Yield is 0.89.
