Primoris Services Stock Today
| PRIM Stock | USD 50.24 0.05 0.1% |
Performance17 of 100
| Odds Of DistressLess than 1
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Primoris Services is selling at 50.24 as of the 11th of May 2024; that is 0.1 percent up since the beginning of the trading day. The stock's lowest day price was 49.21. Primoris Services has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Primoris Services are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of February 2024 and ending today, the 11th of May 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 6th of August 2008 | Category Industrials |
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company was founded in 1960 and is headquartered in Dallas, Texas. The company has 53.64 M outstanding shares of which 879.05 K shares are at this time shorted by private and institutional investors with about 1.79 trading days to cover. More on Primoris Services
Moving together with Primoris Stock
| 0.76 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
| 0.69 | EXPO | Exponent | PairCorr |
| 0.83 | WLDN | Willdan Group Downward Rally | PairCorr |
Moving against Primoris Stock
| 0.61 | VATE | Innovate Corp | PairCorr |
| 0.61 | WLGS | Wang Lee Group Report 20th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Primoris Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Primoris Services' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Primoris Services or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Thomas McCormick | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Primorsk Shipping Corp PJSC | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction & Engineering, Engineering & Construction, Industrials, NYSE Composite, NASDAQ Composite Total, Construction, Military Industrial, Industrials, Construction & Engineering, Engineering & Construction, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Primoris Services report their recommendations after researching Primoris Services' financial statements, talking to executives and customers, or listening in on Primoris Services' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Primoris Services. The Primoris consensus assessment is calculated by taking the average forecast from all of the analysts covering Primoris Services. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Primoris Services' liquidity, profitability, solvency, and operating efficiency, Primoris Services is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in June. Financial strength of Primoris Services is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Primoris Services' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Primoris Services' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Primoris Services' financial leverage. It provides some insight into what part of Primoris Services' total assets is financed by creditors.
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Primoris Services (PRIM) is traded on New York Stock Exchange in USA. It is located in 2300 N. Field Street, Dallas, TX, United States, 75201 and employs 14,058 people. Primoris Services is listed under Construction & Engineering category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Primoris Services's market, we take the total number of its shares issued and multiply it by Primoris Services's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Primoris Services conducts business under Construction & Engineering sector and is part of Industrials industry. The entity has 53.64 M outstanding shares of which 879.05 K shares are at this time shorted by private and institutional investors with about 1.79 trading days to cover.
Primoris Services currently holds about 91.25 M in cash with 198.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.72.
Check Primoris Services Probability Of Bankruptcy
Ownership AllocationPrimoris Services has a total of 53.64 Million outstanding shares. The majority of Primoris Services outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Primoris Services to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Primoris Services. Please pay attention to any change in the institutional holdings of Primoris Services as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Primoris Ownership Details
Primoris Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Primoris Services jumping above the current price in 90 days from now is about 1.16%. The Primoris Services probability density function shows the probability of Primoris Services stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Primoris Services has a beta of 0.0113 indicating as returns on the market go up, Primoris Services average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Primoris Services will be expected to be much smaller as well. Additionally, primoris Services has an alpha of 0.5268, implying that it can generate a 0.53 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Primoris Services to move above the current price in 90 days from now is about 1.16 (This Primoris Services probability density function shows the probability of Primoris Stock to fall within a particular range of prices over 90 days) .
Primoris Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Primoris Services that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Primoris Services' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Primoris Services' value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-12-31 | 1 M | |
| Schroder Investment Management Group | 2023-12-31 | 1 M | |
| Millennium Management Llc | 2023-12-31 | 952.2 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 881.3 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 855.1 K | |
| Fuller & Thaler Asset Management Inc | 2023-12-31 | 666.4 K | |
| Diameter Capital Partners Lp | 2023-12-31 | 650 K | |
| Northern Trust Corp | 2023-12-31 | 639.7 K | |
| First Trust Advisors L.p. | 2023-12-31 | 628.4 K | |
| Blackrock Inc | 2023-12-31 | 5.5 M | |
| Vanguard Group Inc | 2023-12-31 | 5.2 M |
Primoris Services Historical Income Statement
Primoris Services Income Statement is one of the three primary financial statements used for reporting Primoris's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Primoris Services revenue and expense. Primoris Services Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Primoris Services' Total Operating Expenses is very stable compared to the past year. As of the 11th of May 2024, Total Revenue is likely to grow to about 6 B, while Total Other Income Expense Net is likely to drop (3.1 M). View More FundamentalsPrimoris Stock Against Markets
Picking the right benchmark for Primoris Services stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Primoris Services stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Primoris Services is critical whether you are bullish or bearish towards Primoris Services at a given time. Please also check how Primoris Services' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Primoris Services without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Primoris Services Corporate Management
Elected by the shareholders, the Primoris Services' board of directors comprises two types of representatives: Primoris Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Primoris. The board's role is to monitor Primoris Services' management team and ensure that shareholders' interests are well served. Primoris Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Primoris Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Perisich | Executive VP, General Counsel and Secretary | Profile | |
| Blake Holcomb | Vice Relations | Profile | |
| Stephen Jones | Pres Energy | Profile | |
| Jaeson Osborn | Segment Utilities | Profile |
How to buy Primoris Stock?
Before investing in Primoris Services, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Primoris Services. To buy Primoris Services stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Primoris Services. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Primoris Services stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Primoris Services stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Primoris Services stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Primoris Services, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Primoris Stock please use our How to Invest in Primoris Services guide.
Already Invested in Primoris Services?
The danger of trading Primoris Services is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Primoris Services is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Primoris Services. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Primoris Services is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Primoris Services is a strong investment it is important to analyze Primoris Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primoris Services' future performance. For an informed investment choice regarding Primoris Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Primoris Stock analysis
When running Primoris Services' price analysis, check to measure Primoris Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primoris Services is operating at the current time. Most of Primoris Services' value examination focuses on studying past and present price action to predict the probability of Primoris Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primoris Services' price. Additionally, you may evaluate how the addition of Primoris Services to your portfolios can decrease your overall portfolio volatility.
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Is Primoris Services' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 16.5 | Dividend Share 0.24 | Earnings Share 2.33 | Revenue Per Share 110.001 | Quarterly Revenue Growth 0.124 |
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.