Primoris Services director Terry McCallister buys $1,719 in company stock

Terry McCallister, a director at Primoris Services Corp (NASDAQ:PRIM), purchased $1,719 worth of the company's common stock on October 15, 2026. This transaction involved acquiring 21.505 shares at $79.98 per share, executed via an automatic reinvestment of dividends. Currently, the stock trades at $73.21, down 53% over the past six months from its 52-week high of $205.50.

Primoris has paid dividends for 19 consecutive years, demonstrating a commitment to shareholder returns. Mr. McCallister directly holds 21,521.56 shares of Primoris Services common stock, with an additional 10,000 shares indirectly owned by the Terry D. McCallister Trust. Recent news indicates disappointing second-quarter 2026 results, with a loss of $0.27 per share on $1.69 billion revenue, falling short of Wall Street estimates.

Despite this, Primoris reported a record backlog and strong bookings in natural gas generation, benefiting from its recent PayneCrest acquisition. Investment analysts have adjusted their price targets for Primoris, with Guggenheim setting a target of $127 and a Buy rating; Jefferies maintains a Buy rating with a $99 target. These developments reflect ongoing challenges and leadership changes within the renewables sector.