Equitable Holdings Inc. Invests $998,000 in Primoris Services Corporation $PRIM

Equitable Holdings Inc. acquired a new stake in Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,067 shares of the company’s stock, valued at approximately $998,000.

A number of other large investors have also added to or reduced their stakes in PRIM. BlackRock Inc. acquired a new stake in Primoris Services during the 2nd quarter worth approximately $677,685,000. Wellington Management Group LLP grew its holdings in Primoris Services by 163.0% during the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock worth $216,774,000 after acquiring an additional 1,082,218 shares during the last quarter. First Trust Advisors LP increased its position in Primoris Services by 47.4% in the 1st quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock valued at $412,837,000 after acquiring an additional 928,155 shares during the period. Norges Bank acquired a new position in Primoris Services in the 4th quarter valued at approximately $103,368,000. Finally, State Street Corp raised its stake in shares of Primoris Services by 56.8% during the fourth quarter. State Street Corp now owns 2,011,488 shares of the company’s stock valued at $249,866,000 after acquiring an additional 728,646 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Primoris Services Stock Down 5.2%

Shares of NYSE PRIM opened at $73.02 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50-day moving average price of $85.66 and a 200-day moving average price of $120.79. The stock has a market capitalization of $3.93 billion, a P/E ratio of 28.64 and a beta of 1.43. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50.

Primoris Services (NYSE:PRIM) last issued 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 return on equity of 9.96% and a net margin of 1.92%.The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $1.68 EPS. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, equities research analysts forecast that Primoris Services Corporation will post 1.76 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid 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 (DPR) is 12.55%.

Primoris Services News Summary

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

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PRIM shares. Cantor Fitzgerald lifted their price target on shares of Primoris Services from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Wolfe Research restated an “outperform” rating and issued a $149.00 price objective on shares of Primoris Services in a report on Monday, June 15th. Roth Capital reaffirmed a “buy” rating and set a $100.00 target price on shares of Primoris Services in a research report on Monday, July 20th. UBS Group reaffirmed a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Primoris Services in a report on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Primoris Services presently has an average rating of “Moderate Buy” and a consensus target price of $132.27.

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.