New York State Teachers Retirement System Increases Stock Position in Primoris Services Corporation $PRIM

New York State Teachers Retirement System boosted its holdings in Primoris Services Corporation (NYSE:PRIM) by 327.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,892 shares of the company’s stock after acquiring an additional 16,008 shares during the quarter. New York State Teachers Retirement System’s holdings in Primoris Services were worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRIM. GSA Capital Partners LLP purchased a new stake in shares of Primoris Services during the third quarter worth $1,726,000. J.W. Cole Advisors Inc. purchased a new position in shares of Primoris Services in the third quarter valued at $1,193,000. Nordea Investment Management AB purchased a new position in shares of Primoris Services in the fourth quarter valued at $7,181,000. Leuthold Group LLC raised its stake in shares of Primoris Services by 1,350.3% during the 3rd quarter. Leuthold Group LLC now owns 48,947 shares of the company’s stock valued at $6,722,000 after purchasing an additional 45,572 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Primoris Services by 3.5% during the 3rd quarter. Federated Hermes Inc. now owns 359,876 shares of the company’s stock valued at $49,422,000 after purchasing an additional 12,091 shares during the period. Institutional investors own 91.82% of the company’s stock.

Key Primoris Services News

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

• Positive Sentiment: Premier PV, a Primoris Services subsidiary, said it reached $55 million in backlog, signaling continued project demand and potential future revenue. Article: Premier PV, a Primoris Services Corporation Company, Reaches $55 Million in Backlog
• Neutral Sentiment: Needham lowered its price target on Primoris from $205 to $188 but kept a Buy rating, suggesting analysts still see meaningful upside despite recent weakness.
• Neutral Sentiment: Wells Fargo cut its price target from $168 to $118 and maintained an Equal Weight rating, reflecting a more cautious near-term view while still implying some upside from current levels.
• Neutral Sentiment: Recent commentary on valuation after weak Q1 results and lower profit guidance highlights that the stock may now be trading on reduced expectations rather than growth momentum. Article: A Look At Primoris Services (PRIM) Valuation After Weak Q1 2026 Results And Lower Profit Guidance
• Negative Sentiment: Primoris reported Q1 revenue of $1.6 billion, which was down year over year, and the company’s earnings miss plus lowered guidance prompted a sharp re-rating of the stock. Article: Primoris Services Corporation Q1 2026 Earnings Call Summary
• Negative Sentiment: Multiple law firms announced investigations into possible securities-law violations at Primoris, adding an overhang that can pressure investor sentiment. Article: INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Primoris Services Corporation – PRIM Article: Primoris Services Corp. Investigated for Securities Fraud; Investors Should Contact Block & Leviton to Possibly Recover Losses

Primoris Services Price Performance

NYSE:PRIM opened at $105.19 on Friday. The company has a market cap of $5.70 billion, a P/E ratio of 23.17 and a beta of 1.50. The stock has a 50 day moving average price of $150.65. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. Primoris Services Corporation has a 1-year low of $67.15 and a 1-year high of $205.50.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, sell-side analysts anticipate that Primoris Services Corporation will post 5.73 EPS for the current year.

Primoris Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Primoris Services’s dividend payout ratio (DPR) is currently 7.05%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PRIM shares. JPMorgan Chase & Co. raised their target price on Primoris Services from $165.00 to $171.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Guggenheim upped their price target on Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings downgraded shares of Primoris Services from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen cut shares of Primoris Services from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Wells Fargo & Company decreased their target price on shares of Primoris Services from $168.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Primoris Services has a consensus rating of “Moderate Buy” and an average price target of $160.87.

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.