39,081 Shares in Primoris Services Corporation $PRIM Bought by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in Primoris Services Corporation (NYSE:PRIM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,081 shares of the company’s stock, valued at approximately $3,874,000. Freestone Grove Partners LP owned approximately 0.07% of Primoris Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. New York State Teachers Retirement System increased its position in shares of Primoris Services by 327.8% in the fourth quarter. New York State Teachers Retirement System now owns 20,892 shares of the company’s stock valued at $2,594,000 after acquiring an additional 16,008 shares during the last quarter. Principal Financial Group Inc. boosted its position in Primoris Services by 509.6% during the fourth quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock valued at $41,800,000 after purchasing an additional 281,482 shares during the last quarter. UBS Group AG boosted its position in Primoris Services by 2.4% during the fourth quarter. UBS Group AG now owns 638,876 shares of the company’s stock valued at $79,310,000 after purchasing an additional 15,112 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new position in Primoris Services in the fourth quarter valued at approximately $1,116,000. Finally, Bank of America Corp DE grew its stake in Primoris Services by 4.4% in the first quarter. Bank of America Corp DE now owns 324,887 shares of the company’s stock valued at $46,472,000 after purchasing an additional 13,617 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PRIM has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. Wells Fargo & Company decreased their target price on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 23rd. UBS Group restated a “neutral” rating on shares of Primoris Services in a report on Monday, August 10th. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 price target on shares of Primoris Services in a research report on Monday, June 15th. Finally, Needham & Company LLC dropped their price target 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Primoris Services presently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Stock Down 5.2%

PRIM stock opened at $73.02 on Friday. Primoris Services Corporation has a 1-year low of $65.00 and a 1-year high of $205.50. The business’s 50 day simple moving average is $85.66 and its 200 day simple moving average is $120.79. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.93 billion, a PE ratio of 28.64 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping 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 firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. As a group, research analysts anticipate that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. 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

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.