Crown Advisors Management Inc. Makes New $2.06 Million Investment in Primoris Services Corporation $PRIM

Crown Advisors Management Inc. acquired a new stake in Primoris Services Corporation (NYSE:PRIM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $2,059,000. Primoris Services accounts for approximately 1.4% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 25th biggest position.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of Primoris Services by 56.4% in the 2nd quarter. First Trust Advisors LP now owns 1,833,105 shares of the company’s stock worth $142,872,000 after buying an additional 660,915 shares during the last quarter. American Century Companies Inc. increased its holdings in Primoris Services by 229.3% during the second quarter. American Century Companies Inc. now owns 601,482 shares of the company’s stock worth $46,880,000 after buying an additional 418,805 shares during the last quarter. Wellington Management Group LLP raised its position in Primoris Services by 136.0% in the third quarter. Wellington Management Group LLP now owns 663,985 shares of the company’s stock worth $91,185,000 after acquiring an additional 382,597 shares during the period. Hennessy Advisors Inc. purchased a new position in Primoris Services in the third quarter valued at about $50,071,000. Finally, Mackenzie Financial Corp boosted its stake in Primoris Services by 1,093.2% in the third quarter. Mackenzie Financial Corp now owns 380,340 shares of the company’s stock valued at $52,232,000 after acquiring an additional 348,465 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Trading Down 0.8%

Primoris Services stock opened at $140.26 on Wednesday. Primoris Services Corporation has a 1-year low of $49.10 and a 1-year high of $174.43. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 27.88 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $148.66.

Primoris Services (NYSE:PRIM) last posted its earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business posted $1.13 earnings per share. The business’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 Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PRIM shares. Zacks Research lowered shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday, January 20th. DA Davidson set a $180.00 price objective on Primoris Services in a report on Wednesday, February 25th. UBS Group raised their target price on Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered Primoris Services from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.20.

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.