Primoris Services Co. $PRIM Stock Position Decreased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC lessened its position in Primoris Services Co. (NASDAQ:PRIM) by 39.4% during the third quarter, Holdings Channel reports. The fund owned 7,831 shares of the construction company’s stock after selling 5,084 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Primoris Services were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PRIM. SBI Securities Co. Ltd. increased its stake in Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock valued at $29,000 after buying an additional 148 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Primoris Services during the 3rd quarter worth about $37,000. Blue Bell Private Wealth Management LLC purchased a new stake in Primoris Services during the third quarter valued at about $37,000. McIlrath & Eck LLC grew its position in Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock worth $38,000 after purchasing an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its stake in Primoris Services by 163.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 321 shares of the construction company’s stock valued at $44,000 after purchasing an additional 199 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $136.00, for a total value of $1,062,840.00. Following the completion of the transaction, the director directly owned 74,466 shares in the company, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carla S. Mashinski sold 2,082 shares of Primoris Services stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the transaction, the director directly owned 21,530 shares in the company, valued at $2,909,564.20. This trade represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PRIM has been the topic of a number of research reports. DA Davidson set a $180.00 price objective on Primoris Services in a report on Wednesday, February 25th. Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. KeyCorp increased their price objective on shares of Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Guggenheim lifted their price objective on Primoris Services from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, UBS Group increased their target price on shares of Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.20.

Primoris Services Trading Down 1.6%

Shares of NASDAQ:PRIM opened at $144.78 on Thursday. The company’s fifty day simple moving average is $147.17 and its 200 day simple moving average is $134.39. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 47.94 and a beta of 1.36. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services Co. has a 12 month low of $49.10 and a 12 month high of $174.43.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. As a group, research analysts forecast that Primoris Services Co. will post 3.26 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s dividend payout ratio (DPR) is presently 6.36%.

Primoris Services Profile

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.