Great Lakes Advisors LLC Makes New $1.42 Million Investment in Primoris Services Corporation $PRIM

Great Lakes Advisors LLC acquired a new position in Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,299 shares of the company’s stock, valued at approximately $1,417,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRIM. Global Retirement Partners LLC bought a new stake in shares of Primoris Services during the 2nd quarter valued at about $26,000. Harbour Investments Inc. acquired a new stake in Primoris Services during the fourth quarter worth approximately $33,000. Root Financial Partners LLC increased its holdings in Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Primoris Services in the second quarter worth approximately $34,000. Finally, Persistent Asset Partners Ltd acquired a new position in Primoris Services in the second quarter valued at approximately $36,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Primoris Services Trading Down 2.6%

NYSE PRIM opened at $77.17 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 30.26 and a beta of 1.43. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50. The business has a 50 day moving average price of $88.27 and a 200-day moving average price of $123.47. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping 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 company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Primoris Services’s revenue for the quarter was down 10.7% on a year-over-year basis. As a group, equities analysts expect that Primoris Services Corporation will post 1.76 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

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

Key Stories Impacting Primoris Services

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

• Neutral Sentiment: Several law firms are notifying shareholders who purchased Primoris securities between August 5, 2025, and June 22, 2026, about the lawsuit and the opportunity to apply to lead the case. The notices are largely investor-solicitation announcements and do not represent separate lawsuits or new company disclosures. Kaplan Fox class-action deadline notice
• Negative Sentiment: The complaint alleges that Primoris made material misstatements or omissions regarding the costs and risks of significant fixed-price renewable-energy projects. Investors are also citing alleged project cost overruns that undermined the company’s February 2026 adjusted EPS and adjusted EBITDA outlook. Primoris securities-fraud lawsuit summary
• Negative Sentiment: The lawsuit materials point to a reported $23.39-per-share decline on June 23, 2026, after Primoris sharply reduced guidance. The allegations remain unproven, but the litigation creates potential legal costs, financial liability, and reputational risk for Primoris Services Corporation (PRIM).

Analysts Set New Price Targets

PRIM has been the topic of a number of research analyst reports. Mizuho cut their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Oppenheimer assumed coverage on shares of Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 target price on the stock. UBS Group reiterated a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Roth Capital restated a “buy” rating and issued a $100.00 price target on shares of Primoris Services in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $105.00 to $116.00 in a research note on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Primoris Services presently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Insiders Place Their Bets

In other news, Director David Lee King sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the completion of the sale, the director directly owned 14,941 shares of the company’s stock, valued at $1,779,323.69. The trade was a 57.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares in the company, valued at $3,525,611.64. This represents a 51.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

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.