Primoris Services Corporation $PRIM Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Primoris Services Corporation (NYSE:PRIM) by 29.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 170,516 shares of the company’s stock after purchasing an additional 38,478 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Primoris Services were worth $16,902,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Primoris Services in the 2nd quarter valued at about $26,000. Harbour Investments Inc. acquired a new position in Primoris Services during the 4th quarter valued at about $33,000. Root Financial Partners LLC grew its position in Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Primoris Services in the 2nd quarter worth about $34,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Primoris Services in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services News Roundup

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

• Neutral Sentiment: ClaimsFiler, Rosen Law Firm, Kaplan Fox, and Robbins Geller reminded investors who purchased PRIM shares between August 5, 2025, and June 22, 2026, that lead plaintiff applications are due September 21. These notices are procedural and do not represent a court finding of wrongdoing. ClaimsFiler shareholder alert Rosen Law Firm announcement
• Negative Sentiment: The lawsuit alleges that Primoris did not adequately disclose risks tied to fixed-price renewable-energy projects while cost overruns and margin deterioration affected six projects. If substantiated, the claims could raise concerns about project execution, financial reporting, potential litigation costs, and management credibility. SueWallSt shareholder alert
• Negative Sentiment: The legal overhang adds to existing fundamental concerns: Primoris recently reported revenue down 10.7% year over year, while its latest quarterly loss and relatively thin 1.92% net margin leave less room for additional project charges or settlements. The repeated law-firm outreach is likely increasing volatility and discouraging risk-sensitive investors. Pomerantz investor alert

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PRIM. Zacks Research raised Primoris Services from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and raised their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a research note on Monday, June 15th. Guggenheim reduced their price target on Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price target on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.27.

Primoris Services Trading Up 1.1%

Shares of NYSE:PRIM opened at $74.37 on Friday. The company has a 50 day moving average of $83.52 and a 200-day moving average of $117.63. The firm has a market cap of $4.00 billion, a P/E ratio of 29.16 and a beta of 1.43. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

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

Primoris Services Dividend Announcement

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

Primoris Services Company 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.