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

Company Performance - Primoris Services (PRIM) shares have increased by 7.3% over the past month and reached a new 52-week high of $59.16, with a year-to-date gain of 71.9% compared to 21.2% for the Zacks Construction sector and 70% for the Zacks Building Products - Heavy Construction industry [1] - The company has consistently exceeded earnings expectations, reporting EPS of$ 1.04 against a consensus estimate of $0.65 in its last earnings report on August 5, 2024 [2] Valuation Metrics - Primoris Services has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [5] - The stock trades at 20.2X current fiscal year EPS estimates, slightly below the peer industry average of 20.6X, and at 11.6X trailing cash flow compared to the peer group's average of 12.3X [6] Zacks Rank - Primoris Services holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, indicating potential for further gains [7] Industry Comparison - The Building Products - Heavy Construction industry is performing well, ranking in the top 4% of all industries, suggesting favorable conditions for both Primoris Services and its peer, MasTec, Inc. [10]