Hel Ved Capital Management Ltd Buys Shares of 44,800 Primoris Services Co. $PRIM

Hel Ved Capital Management Ltd purchased a new position in shares of Primoris Services Co. (NASDAQ:PRIM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,800 shares of the construction company’s stock, valued at approximately $6,152,000. Primoris Services comprises 1.3% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors have also bought and sold shares of 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 construction company’s stock worth $29,000 after buying an additional 148 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Primoris Services during the 2nd quarter valued at $34,000. Blue Bell Private Wealth Management LLC purchased a new stake in Primoris Services in the 3rd quarter worth about $37,000. Cullen Frost Bankers Inc. bought a new stake in Primoris Services in the 3rd quarter valued at about $37,000. Finally, McIlrath & Eck LLC lifted its holdings in Primoris Services by 109.8% during the third quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PRIM shares. DA Davidson set a $180.00 target price on shares of Primoris Services in a research note on Wednesday, February 25th. Cantor Fitzgerald set a $160.00 target price on shares of Primoris Services and gave the company a “neutral” rating in a report on Tuesday, February 24th. The Goldman Sachs Group increased their target price on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price target on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Primoris Services from $143.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.20.

Insider Transactions at Primoris Services

In other Primoris Services news, Director Carla S. Mashinski sold 2,082 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total value of $281,361.48. Following the sale, the director owned 21,530 shares of the company’s stock, valued at $2,909,564.20. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the sale, the director owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

Primoris Services Stock Performance

NASDAQ PRIM opened at $133.11 on Friday. Primoris Services Co. 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 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $7.20 billion, a PE ratio of 44.08 and a beta of 1.36. The company’s 50 day simple moving average is $147.42 and its two-hundred day simple moving average is $134.55.

Primoris Services (NASDAQ:PRIM) last released its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Analysts predict that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services’s dividend payout ratio is currently 6.36%.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.