SG Americas Securities LLC Has $247,000 Holdings in Primoris Services Corporation $PRIM

SG Americas Securities LLC lessened its position in shares of Primoris Services Corporation (NYSE:PRIM) by 85.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,990 shares of the company’s stock after selling 12,137 shares during the quarter. SG Americas Securities LLC’s holdings in Primoris Services were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Primoris Services by 92.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,765 shares of the company’s stock valued at $1,130,000 after purchasing an additional 4,208 shares during the period. Maridea Wealth Management LLC increased its position in Primoris Services by 110.1% during the 4th quarter. Maridea Wealth Management LLC now owns 4,839 shares of the company’s stock valued at $601,000 after purchasing an additional 2,536 shares during the period. Nordea Investment Management AB acquired a new stake in Primoris Services during the 4th quarter valued at approximately $7,181,000. QP Wealth Management LLC acquired a new stake in Primoris Services during the 4th quarter valued at approximately $503,000. Finally, Park Avenue Securities LLC increased its position in Primoris Services by 33.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,603 shares of the company’s stock valued at $447,000 after purchasing an additional 897 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Stock Performance

Primoris Services stock opened at $162.63 on Thursday. The company has a market cap of $8.82 billion, a PE ratio of 32.33 and a beta of 1.38. Primoris Services Corporation has a 52-week low of $53.13 and a 52-week high of $174.43. The stock’s 50 day simple moving average is $150.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

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

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 31st. Primoris Services’s dividend payout ratio (DPR) is currently 6.36%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. DA Davidson set a $180.00 target price on shares of Primoris Services in a research report on Wednesday, February 25th. Mizuho increased their price target on Primoris Services from $128.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Guggenheim increased their price target on Primoris Services from $170.00 to $184.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, UBS Group increased their price target on Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Primoris Services presently has an average rating of “Moderate Buy” and a consensus target price of $156.31.

Primoris Services 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.