Gilbert Cisneros Sells Primoris Services Stock
House representative Gilbert Cisneros sold shares of Primoris Services Corporation.
Key Points
- Gilbert Cisneros, a House representative, sold shares of Primoris Services Corporation valued between $1,001 and $15,000 on May 8, 2026.
- Primoris Services Corporation has a market cap of about $5.35 billion and a P/E ratio of 21.8, with shares trading near $94.5.
- Recent insider activity includes CEO Koti Vadlamudi buying shares and analyst firms maintaining favorable ratings on Primoris stock.
Gilbert Cisneros vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
On May 8, 2026, Gilbert Cisneros, a House representative, sold shares of Primoris Services Corporation (NYSE:PRIM). The transaction, disclosed on June 9, 2026, was valued between $1,001 and $15,000.
Other Institutional Activity in Primoris Services Corporation
Several institutional investors have recently adjusted their stakes in Primoris Services Corporation. BlackRock, Inc. increased its holdings by 44,535 shares, bringing its total to 8,340,660 shares valued at approximately $1.19 billion. Vanguard Portfolio Management LLC added 3,653,916 shares, resulting in a total of 3,653,916 shares worth around $522.66 million. Fuller & Thaler Asset Management, Inc. reduced its position by 71,347 shares, leaving it with 2,966,901 shares valued at $424.39 million. First Trust Advisors LP boosted its stake by 928,155 shares, ending with 2,886,163 shares valued at $412.84 million.
Primoris Services Corporation Stock Snapshot
Shares of NYSE:PRIM traded near $94.5. Primoris Services Corporation has a market cap of approximately $5.35 billion and a P/E ratio of 21.8. The stock has a 52-week low of $72.95 and a high of $205.5. The 50-day moving average is $138.44, and the 200-day moving average is $136.63. The company maintains a current ratio of 1.28 and a quick ratio of 1.18, with a debt-to-equity ratio of 55.11.
Recent Earnings
In its latest earnings, Primoris Services Corporation reported revenue of about $7.49 billion, reflecting a slight decline. The company achieved a net margin of 3.31% and a return on equity of 15.85%. The next earnings report is scheduled for May 5, 2026.
Dividend
Primoris Services Corporation pays an annual dividend rate of $0.32, yielding 0.32%. The dividend payout ratio stands at 7.06%.
Insider Buying and Selling at Primoris Services Corporation
Recent insider activity at Primoris includes President & CEO Koti Vadlamudi purchasing 7,815 shares on May 27, 2026, at an average price of $127.96. On May 28, 2026, Chief Legal and Admin Officer John Perisich sold 29,707 shares at an average price of $127.86. On May 26, 2026, insider David Lee King sold 20,000 shares at $119.09.
Analysts Set New Price Targets
On May 19, 2026, Cantor Fitzgerald maintained a hold rating with a $124 price target. UBS maintained a buy rating with a $186 target on May 11, 2026. Mizuho upgraded the stock to buy with a $135 target on the same day. The consensus recommendation is a buy, with a target mean price of $143.79 based on 14 analyst opinions.
About Primoris Services Corporation
Primoris Services Corporation is a major player in the engineering and construction industry, focusing on infrastructure services in the U.S. and Canada. The company operates through its Utilities and Energy segments, offering services like the installation and maintenance of utility distribution systems and engineering services for the energy sector. Headquartered in Dallas, Texas, Primoris was founded in 1960 and employs over 18,500 people under the leadership of CEO Koti Vadlamudi.
Bottom Line
Gilbert Cisneros's recent sale of Primoris Services Corporation shares is an example of the frequent trading activity by politicians. Investors often watch these trades for potential insights, though they reflect past activity and not current positions. Primoris remains a significant player in its sector, with active institutional and insider trading and favorable analyst ratings.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.