Primoris Services Corporation $PRIM Shares Sold by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC lessened its position in shares of Primoris Services Corporation (NYSE:PRIM) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 429,675 shares of the company’s stock after selling 19,000 shares during the period. Primoris Services makes up about 8.9% of Value Holdings Management CO. LLC’s portfolio, making the stock its 3rd largest holding. Value Holdings Management CO. LLC owned approximately 0.80% of Primoris Services worth $53,340,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in shares of Primoris Services by 224.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock valued at $29,000 after purchasing an additional 148 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Primoris Services during the 2nd quarter worth $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in Primoris Services in the third quarter valued at about $37,000. Cullen Frost Bankers Inc. acquired a new stake in Primoris Services in the third quarter valued at about $37,000. Finally, McIlrath & Eck LLC grew its position in Primoris Services by 109.8% in the third quarter. McIlrath & Eck LLC now owns 277 shares of the company’s stock valued at $38,000 after acquiring an additional 145 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRIM. Wells Fargo & Company boosted their target price on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Mizuho lifted their price target on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Zacks Research cut shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Primoris Services from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $153.20.

Primoris Services Trading Down 5.9%

NYSE:PRIM opened at $140.61 on Friday. The business’s 50-day moving average price is $149.84. Primoris Services Corporation has a 1-year low of $49.10 and a 1-year high of $174.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $7.63 billion, a PE ratio of 27.95 and a beta of 1.36.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $1.13 EPS. The firm’s quarterly 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.

Primoris Services Announces Dividend

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

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.