Canada Pension Plan Investment Board Buys New Position in Primoris Services Corporation $PRIM

Canada Pension Plan Investment Board acquired a new stake in Primoris Services Corporation (NYSE:PRIM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 248,068 shares of the company’s stock, valued at approximately $24,588,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Primoris Services during the second quarter worth about $677,685,000. Vanguard Group Inc. grew its position in shares of Primoris Services by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company’s stock valued at $804,361,000 after buying an additional 466,192 shares during the last quarter. First Trust Advisors LP increased its position in shares of Primoris Services by 47.4% during the first quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock worth $412,837,000 after purchasing an additional 928,155 shares in the last quarter. State Street Corp increased its position in Primoris Services by 56.8% during the fourth quarter. State Street Corp now owns 2,011,488 shares of the company’s stock worth $249,866,000 after buying an additional 728,646 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Primoris Services by 163.0% in the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock valued at $216,774,000 after acquiring an additional 1,082,218 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Primoris Services Stock Performance

Shares of PRIM stock opened at $73.02 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 28.64 and a beta of 1.43. The stock has a 50 day simple moving average of $85.66 and a 200-day simple moving average of $120.79. Primoris Services Corporation has a 12-month low of $65.00 and a 12-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 results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, equities analysts forecast that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s payout ratio is presently 12.55%.

Key Headlines Impacting Primoris Services

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

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

Wall Street Analysts Forecast Growth

PRIM has been the subject of several recent research reports. Guggenheim decreased their target price on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $105.00 to $116.00 in a research note on Monday, June 29th. Cantor Fitzgerald boosted their target price on Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Mizuho decreased their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Finally, Needham & Company LLC lowered their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services 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.