New insider activity at Primoris Services ( (PRIM) ) has taken place on March 20, 2025.
PRESIDENT & CEO Thomas Edward McCormick has made a significant financial move by selling 61,390 shares of Primoris Services stock, amounting to a total transaction value of $3,935,120.
Recent Updates on PRIM stock
In the past 24 hours, Primoris Services has seen significant developments and analyst activity impacting its stock. The company announced leadership changes with David King stepping in as Interim President and CEO, succeeding Tom McCormick. Additionally, Jeremy Kinch was promoted to COO. These changes come as the company continues to demonstrate strong financial performance, reporting better-than-expected Q4 results and a positive outlook for 2024. Consequently, Guggenheim raised its price target for Primoris, citing higher estimates for 2025 and 2026 following the company’s Q4 results. Meanwhile, KeyBanc lowered its price target, despite acknowledging the company’s strong performance and favorable positioning in renewables and power delivery sectors. Jefferies initiated coverage with a Buy rating, highlighting Primoris’s potential benefits from increased spending on renewables and energy infrastructure, along with its profitable growth and operational execution.
More about Primoris Services
YTD Price Performance: -17.23%
Average Trading Volume: 889,552
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.42B
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