Connor Clark & Lunn Investment Management Ltd. Takes Position in Primoris Services Corporation $PRIM

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Primoris Services Corporation (NYSE:PRIM) in the second quarter, HoldingsChannel.com reports. The firm bought 29,504 shares of the company’s stock, valued at approximately $2,924,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PEAK6 LLC purchased a new stake in Primoris Services during the 2nd quarter worth about $479,000. Elevation Point Wealth Partners LLC purchased a new position in Primoris Services in the second quarter worth approximately $369,000. William Blair Investment Management LLC purchased a new stake in shares of Primoris Services during the 2nd quarter worth $39,645,000. Heartland Advisors Inc. acquired a new position in shares of Primoris Services during the 2nd quarter worth about $5,947,000. Finally, Allworth Financial LP acquired a new position in Primoris Services in the second quarter valued at approximately $79,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Needham & Company LLC reduced their price target on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wall Street Zen downgraded Primoris Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. The Goldman Sachs Group raised shares of Primoris Services from a “sell” rating to a “neutral” rating and reduced their price target for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Primoris Services in a research note on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Primoris Services presently has an average rating of “Moderate Buy” and an average price target of $132.27.

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 Stock Performance

NYSE PRIM opened at $73.02 on Friday. The business’s 50-day moving average price is $85.66 and its 200 day moving average price 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. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The company 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 posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.08. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The firm’s revenue was down 10.7% on a year-over-year basis. On average, research analysts predict that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Dividend Announcement

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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s payout ratio is presently 12.55%.

Primoris Services Company 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.