On November 6, 2024, David King, Director at Primoris Services Corp (PRIM, Financial), executed a sale of 2,000 shares of the company. The transaction was filed on November 7, 2024, as per the SEC Filing. Following this transaction, the insider now owns 25,818 shares of Primoris Services Corp.
Primoris Services Corp specializes in construction, fabrication, maintenance, replacement, and engineering services. The company caters to a diverse range of industries, including energy, utilities, and infrastructure sectors.
Over the past year, David King has sold a total of 12,000 shares and has not made any purchases of the company's stock. The insider transaction history for Primoris Services Corp shows a total of 17 insider sells and no insider buys over the same timeframe.
Shares of Primoris Services Corp were trading at $76.14 on the day of the transaction, giving the company a market cap of approximately $4.33 billion. The price-earnings ratio of the company stands at 26.69, which is above both the industry median of 15.91 and the company's historical median.
The stock's valuation according to the GF Value is $39.09, indicating a price-to-GF-Value ratio of 1.95. This suggests that Primoris Services Corp is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into how insiders view the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
