Primoris Services Corp (NASDAQ:PRIM) Director Brian Pratt sold 44,942 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.83, for a total transaction of $936,141.86. Following the completion of the sale, the director now owns 2,419,756 shares in the company, valued at $50,403,517.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brian Pratt also recently made the following trade(s):

  • On Wednesday, September 11th, Brian Pratt sold 175,634 shares of Primoris Services stock. The stock was sold at an average price of $20.45, for a total transaction of $3,591,715.30.
  • On Monday, August 19th, Brian Pratt sold 19,678 shares of Primoris Services stock. The stock was sold at an average price of $20.01, for a total transaction of $393,756.78.
  • On Wednesday, August 21st, Brian Pratt sold 43,745 shares of Primoris Services stock. The stock was sold at an average price of $20.00, for a total transaction of $874,900.00.

Shares of PRIM stock traded up $0.49 during trading hours on Friday, reaching $20.93. 104,612 shares of the stock were exchanged, compared to its average volume of 171,403. Primoris Services Corp has a 12-month low of $17.80 and a 12-month high of $25.50. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $19.63 and its 200-day moving average price is $20.55. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.31 and a beta of 1.44.

Primoris Services (NASDAQ:PRIM) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Primoris Services had a net margin of 2.62% and a return on equity of 13.95%. The firm had revenue of $789.90 million during the quarter, compared to analysts’ expectations of $749.23 million. During the same period in the previous year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, sell-side analysts expect that Primoris Services Corp will post 1.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.15%. Primoris Services’s dividend payout ratio is presently 14.12%.

A number of research firms recently commented on PRIM. BidaskClub raised shares of Primoris Services from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th.

Several hedge funds have recently added to or reduced their stakes in PRIM. Hilton Capital Management LLC purchased a new position in shares of Primoris Services during the 1st quarter worth about $60,000. First Mercantile Trust Co. boosted its position in Primoris Services by 32.6% in the 1st quarter. First Mercantile Trust Co. now owns 5,082 shares of the construction company’s stock valued at $105,000 after buying an additional 1,250 shares during the period. SG Americas Securities LLC purchased a new stake in Primoris Services in the 1st quarter valued at about $112,000. Bank of Montreal Can boosted its position in Primoris Services by 206.7% in the 2nd quarter. Bank of Montreal Can now owns 5,490 shares of the construction company’s stock valued at $114,000 after buying an additional 3,700 shares during the period. Finally, Aperio Group LLC purchased a new stake in Primoris Services in the 2nd quarter valued at about $152,000. 79.20% of the stock is owned by hedge funds and other institutional investors.

About Primoris Services

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through five segments: Power, Industrial, and Engineering; Pipeline and Underground; Utilities and Distribution; Transmission and Distribution; and Civil.

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Insider Buying and Selling by Quarter for Primoris Services (NASDAQ:PRIM)

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