Is Primoris Services Corp (NYSE: PRIM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PRIM belongs to the Industrials sector of the NYSE while operating in the Engineering & Construction industry. The current market capitalization of Primoris Services Corp is $4.56B. A total of 0.66 million shares were traded on the day, compared to an average of 650.97K shares.

In the most recent transaction, King David Lee sold 2,000 shares of PRIM for 83.98 per share on Dec 02 ’24. After the transaction, the Director now owns 23,818 company shares. In a previous transaction on Dec 02 ’24, King David Lee bought 2,000 shares at 83.98 per share.

Among the insiders who sold shares, McCormick Thomas Edward disposed of 15,000 shares on Nov 13 ’24 at a per-share price of $81.28. This resulted in the CEO & PRESIDENT holding 61,390 shares of PRIM after the transaction. In another insider transaction, Cook Stephen C. sold 4,018 shares at $78.53 per share on Nov 14 ’24. Company shares held by the Director now total 7,908.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Primoris Services Corp pays an annual dividend of $0.24, resulting in a dividend yield of 0.28%, and it has a price to earnings (P/E) ratio of 28.15.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PRIM has a high of $84.97 and a low of $30.88.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PRIM’s latest balance sheet shows that the firm has $200.51M in Cash & Short Term Investments as of fiscal 2021. There were $821.11M in debt and $759.12M in liabilities at the time. Its Book Value Per Share was $25.28, while its Total Shareholder’s Equity was $990.05M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRIM is Buy with a score of 4.50.

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