Primoris Services Corporation $PRIM Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in Primoris Services Corporation (NYSE:PRIM) by 148.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,675,487 shares of the company’s stock after buying an additional 2,795,887 shares during the period. Wellington Management Group LLP owned approximately 8.69% of Primoris Services worth $463,434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PRIM. Global Retirement Partners LLC acquired a new position in shares of Primoris Services in the 2nd quarter worth $26,000. Harbour Investments Inc. purchased a new stake in shares of Primoris Services during the fourth quarter valued at $33,000. Root Financial Partners LLC lifted its holdings in shares of Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Primoris Services in the 2nd quarter valued at $34,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Primoris Services in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Key Stories Impacting Primoris Services

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PRIM. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $105.00 to $116.00 in a report on Monday, June 29th. Wolfe Research reiterated an “outperform” rating and issued a $149.00 target price on shares of Primoris Services in a report on Monday, June 15th. Weiss Ratings downgraded shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Cantor Fitzgerald boosted their price target on shares of Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of Primoris Services from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Stock Down 5.2%

Shares of Primoris Services stock opened at $73.02 on Friday. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a market cap of $3.93 billion, a P/E ratio of 28.64 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $85.66 and a 200 day moving average price of $120.79.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The firm’s quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. As a group, analysts expect that Primoris Services Corporation will post 1.76 EPS for the current fiscal year.

Primoris Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s dividend payout ratio is currently 12.55%.

Primoris Services Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.