On November 14, 2024, Stephen Cook, Director at Primoris Services Corp (PRIM, Financial), sold 4,018 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 7,908 shares of Primoris Services Corp.
Primoris Services Corp specializes in construction, fabrication, maintenance, replacement, and engineering services. The company's projects include power, renewable energy, water/wastewater, pipelines, heavy civil, and industrial facilities, catering to a diverse range of industries.
Over the past year, Stephen Cook has sold a total of 8,018 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 19 insider sells and no insider buys over the past year.
Shares of Primoris Services Corp were trading at $78.53 on the day of the sale. The company has a market cap of approximately $4.19 billion. The price-earnings ratio stands at 25.85, which is above both the industry median of 15.685 and the company's historical median.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.99. The GF Value of $39.44 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics against its historical performance and industry standards.
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.
