Primoris Services Corporation (PRIM) Hit a 52 Week High, Can the Run Continue?

Shares of Primoris Services (PRIM) have been strong performers lately, with the stock up 27% over the past month. The stock hit a new 52-week high of $120.22 in the previous session. Primoris Services has gained 56.5% since the start of the year compared to the 7.6% move for the Zacks Construction sector and the 33.4% return for the Zacks Building Products - Heavy Construction industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 4, 2025, Primoris Services reported EPS of $1.68 versus consensus estimate of $1.06.For the current fiscal year, Primoris Services is expected to post earnings of $4.67 per share on $6.87 in revenues. This represents a 20.67% change in EPS on a 7.91% change in revenues. For the next fiscal year, the company is expected to earn $5.23 per share on $7.32 in revenues. This represents a year-over-year change of 12.13% and 6.58%, respectively.Valuation MetricsThough Primoris Services has recently hit a 52-week high, what is next for Primoris Services? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Primoris Services has a Value Score of C. The stock's Growth and Momentum Scores are B and F, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 25.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 25.6X. On a trailing cash flow basis, the stock currently trades at 21.7X versus its peer group's average of 15.5X. Additionally, the stock has a PEG ratio of 1.97. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Primoris Services currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Primoris Services passes the test. Thus, it seems as though Primoris Services shares could still be poised for more gains ahead.How Does PRIM Stack Up to the Competition?Shares of PRIM have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Great Lakes Dredge & Dock Corporation (GLDD). GLDD has a Zacks Rank of #1 (Strong Buy) and a Value Score of A, a Growth Score of B, and a Momentum Score of D.Earnings were strong last quarter. Great Lakes Dredge & Dock Corporation beat our consensus estimate by 75.00%, and for the current fiscal year, GLDD is expected to post earnings of $1.02 per share on revenue of $831.51 million.Shares of Great Lakes Dredge & Dock Corporation have gained 7.8% over the past month, and currently trade at a forward P/E of 11.74X and a P/CF of 6.45X.The Building Products - Heavy Construction industry is in the top 1% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PRIM and GLDD, even beyond their own solid fundamental situation.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Primoris Services Corporation (PRIM): Free Stock Analysis Report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks