Primoris Services Co. $PRIM Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Primoris Services Co. (NASDAQ:PRIM) by 44.4% during the third quarter, HoldingsChannel reports. The firm owned 1,501,410 shares of the construction company’s stock after selling 1,200,037 shares during the period. Dimensional Fund Advisors LP’s holdings in Primoris Services were worth $206,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. grew its position in shares of Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Primoris Services during the third quarter worth approximately $37,000. Blue Bell Private Wealth Management LLC acquired a new position in Primoris Services during the third quarter worth $37,000. McIlrath & Eck LLC grew its holdings in Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after buying an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in Primoris Services by 163.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 321 shares of the construction company’s stock valued at $44,000 after buying an additional 199 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Primoris Services

In related news, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the transaction, the director directly owned 74,466 shares of the company’s stock, valued at $10,127,376. The trade was a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lifted their price target on Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Cantor Fitzgerald set a $160.00 price objective on shares of Primoris Services and gave the company a “neutral” rating in a report on Tuesday, February 24th. The Goldman Sachs Group raised their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Primoris Services from $143.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Guggenheim boosted their target price on shares of Primoris Services from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.20.

Primoris Services Stock Performance

Shares of Primoris Services stock opened at $133.11 on Friday. The firm has a market cap of $7.20 billion, a PE ratio of 44.08 and a beta of 1.36. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services Co. has a 52 week low of $49.10 and a 52 week high of $174.43. The business’s fifty day simple moving average is $147.42 and its 200-day simple moving average is $134.72.

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

Primoris Services Announces Dividend

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

Primoris Services Company Profile

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.