Primoris Services Corporation $PRIM Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Primoris Services Corporation (NYSE:PRIM) by 1,019.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,930 shares of the company’s stock after buying an additional 152,930 shares during the quarter. Handelsbanken Fonder AB owned 0.31% of Primoris Services worth $16,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in shares of Primoris Services during the fourth quarter worth about $33,000. Root Financial Partners LLC boosted 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 valued at $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Primoris Services during the 2nd quarter valued at approximately $34,000. Cullen Frost Bankers Inc. grew its stake in Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Primoris Services by 34.5% during the 1st quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock worth $43,000 after purchasing an additional 194 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Primoris Services

In related news, Director David Lee King sold 20,000 shares of the 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 sale, the director owned 14,941 shares in the company, valued at $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John M. Perisich sold 29,707 shares of the firm’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 transaction, the insider directly owned 27,574 shares in the company, valued at $3,525,611.64. This represents a 51.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and reduced their target price for the company from $107.00 to $102.00 in a research note on Thursday, June 25th. Guggenheim cut their price target on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. UBS Group reiterated a “neutral” rating on shares of Primoris Services in a research note on Monday. Zacks Research lowered shares of Primoris Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Primoris Services from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Primoris Services has a consensus rating of “Moderate Buy” and a consensus target price of $132.27.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $81.47 on Thursday. 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 company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.43. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The business has a 50 day simple moving average of $92.29 and a 200-day simple moving average of $126.72.

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 the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The firm’s revenue was down 10.7% on a year-over-year basis. As a group, equities research analysts expect that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

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

Trending Headlines about Primoris Services

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

• Positive Sentiment: UBS maintained a Buy rating on Primoris while lowering its price target to $138, suggesting the firm still sees substantial long-term upside despite recent concerns. UBS Group Lowers Primoris Services Price Target
• Neutral Sentiment: Multiple law firms publicized the same securities class action and a September 21, 2026 lead-plaintiff application deadline. The lawsuit covers investors who acquired PRIM securities from August 5, 2025, through June 22, 2026; these announcements primarily increase visibility around existing litigation rather than represent separate lawsuits. Robbins LLP Class Action Notice
• Negative Sentiment: The litigation alleges Primoris misled investors about project-management capabilities, cost forecasts, oversight and expected profitability at certain renewable-energy projects. One notice alleges disclosures related to six projects contributed to a $23.39-per-share decline. If the claims proceed, Primoris could face legal costs, damages and further reputational pressure. Levi and Korsinsky Primoris Investor Notice
• Negative Sentiment: Short interest jumped 50.2% in the second half of July to 4.49 million shares, representing 8.4% of shares outstanding and 3.1 days of average trading volume. The increase indicates stronger bearish positioning and may amplify volatility.
• Negative Sentiment: Recent operating results remain a headwind. Primoris reported a quarterly loss of $0.27 per share, although it exceeded the expected loss of $0.35. Revenue of $1.69 billion missed estimates and declined 10.7% year over year, while the company’s roughly 1.9% net margin highlights limited profitability.

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.