Silver Oak Securities Incorporated Invests $423,000 in Primoris Services Corporation $PRIM

Silver Oak Securities Incorporated purchased a new position in Primoris Services Corporation (NYSE:PRIM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,401 shares of the company’s stock, valued at approximately $423,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its holdings in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock worth $29,000 after buying an additional 148 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Primoris Services during the second quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Primoris Services during the third quarter valued at approximately $37,000. Cullen Frost Bankers Inc. purchased a new position in Primoris Services in the 3rd quarter worth approximately $37,000. Finally, McIlrath & Eck LLC raised its holdings in Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the company’s stock worth $38,000 after acquiring an additional 145 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Stock Performance

PRIM stock opened at $148.23 on Friday. The company has a market capitalization of $8.04 billion, a P/E ratio of 29.47 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day moving average price of $149.31. Primoris Services Corporation has a fifty-two week low of $49.10 and a fifty-two week high of $174.43.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $1.13 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services’s payout ratio is 6.36%.

Wall Street Analyst Weigh In

Several brokerages have commented on PRIM. Weiss Ratings reiterated a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday, January 20th. DA Davidson set a $180.00 price target on Primoris Services in a research note on Wednesday, February 25th. Wells Fargo & Company upped their price target on Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Guggenheim lifted their price objective on Primoris Services from $170.00 to $184.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Primoris Services from $165.00 to $171.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.53.

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.