PRIM Should I Buy
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Primoris Services Corp (PRIM) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The company's strong revenue and net income growth, coupled with bullish technical indicators and positive long-term sector trends, make it a solid investment choice. Despite mixed analyst ratings, the company's fundamentals and growth potential outweigh the negatives.
The technical indicators are bullish. The MACD is positive and contracting, RSI is neutral at 65.896, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading above the pivot level of 157.079, with resistance levels at 170.037 and 178.042, suggesting potential for further upside.
Strong revenue growth of 32.10% YoY and net income growth of 61.92% YoY in Q3
Positive long-term sector trends in grid modernization, electrification, and renewable energy.
Bullish technical indicators and a 70% probability of a 5.77% gain in the next month.
Mixed analyst ratings, with Goldman Sachs maintaining a Sell rating and JPMorgan downgrading to Neutral.
Gross margin decline of -10.13% YoY in Q3
No recent significant insider or hedge fund trading activity.
In Q3 2025, the company reported revenue of $2.18 billion, up 32.10% YoY, and net income of $94.62 million, up 61.92% YoY. EPS increased to 1.73, up 61.68% YoY, but gross margin dropped to 10.82%, down -10.13% YoY.
Analyst ratings are mixed. Cantor Fitzgerald initiated coverage with a Neutral rating and a $160 price target, citing strong sector trends and steady earnings growth. KeyBanc maintains an Overweight rating with a $158 price target, citing growth drivers in renewables. However, Goldman Sachs and JPMorgan have a Sell and Neutral rating, respectively, citing concerns over organic growth and regulatory complexities.
