Wealth Enhancement Advisory Services LLC Has $1.13 Million Stock Holdings in Primoris Services Corporation $PRIM

Wealth Enhancement Advisory Services LLC grew its position in Primoris Services Corporation (NYSE:PRIM) by 92.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,765 shares of the company’s stock after buying an additional 4,208 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Primoris Services were worth $1,130,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock worth $29,000 after purchasing an additional 148 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Primoris Services in the 3rd quarter valued at about $37,000. Blue Bell Private Wealth Management LLC bought a new position in Primoris Services in the third quarter valued at approximately $37,000. McIlrath & Eck LLC grew its holdings in Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the company’s stock worth $38,000 after acquiring an additional 145 shares during the period. Finally, Richardson Financial Services Inc. raised its position in shares of Primoris Services by 163.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 321 shares of the company’s stock valued at $44,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Trading Up 0.3%

PRIM opened at $148.23 on Monday. The company has a market cap of $8.04 billion, a PE ratio of 29.47 and a beta of 1.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. Primoris Services Corporation has a 12 month low of $49.10 and a 12 month high of $174.43. The company has a fifty day moving average of $149.31.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue for the quarter 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services’s payout ratio is currently 6.36%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PRIM. DA Davidson set a $180.00 price target on Primoris Services in a research report on Wednesday, February 25th. The Goldman Sachs Group increased their target price on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Guggenheim boosted their target price on Primoris Services from $170.00 to $184.00 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Wells Fargo & Company increased their price target on shares of Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.53.

About Primoris Services

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.