Marietta Investment Partners LLC Grows Stock Position in Primoris Services Co. $PRIM

Marietta Investment Partners LLC lifted its stake in Primoris Services Co. (NASDAQ:PRIM) by 40.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,582 shares of the construction company’s stock after buying an additional 3,940 shares during the quarter. Marietta Investment Partners LLC’s holdings in Primoris Services were worth $1,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its holdings in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of Primoris Services during the 2nd quarter worth approximately $34,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Primoris Services during the 3rd quarter valued at approximately $37,000. Cullen Frost Bankers Inc. purchased a new position in shares of Primoris Services during the 3rd quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC lifted its stake in shares of Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after purchasing an additional 145 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Primoris Services Stock Performance

Shares of NASDAQ:PRIM opened at $138.06 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. Primoris Services Co. has a 1 year low of $49.10 and a 1 year high of $174.43. The firm has a market capitalization of $7.46 billion, a PE ratio of 45.72 and a beta of 1.36. The business’s 50 day moving average price is $147.34 and its 200-day moving average price is $134.41.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. As a group, equities research analysts expect that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

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

Insider Transactions at Primoris Services

In related news, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the transaction, the director owned 74,466 shares in the company, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $135.14, for a total value of $281,361.48. Following the completion of the sale, the director owned 21,530 shares of the company’s stock, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on Primoris Services from $143.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Wells Fargo & Company increased their price target on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Cantor Fitzgerald set a $160.00 price objective on Primoris Services and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Finally, UBS Group increased their target price on Primoris Services from $165.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Primoris Services has a consensus rating of “Moderate Buy” and a consensus target price of $153.20.

Primoris Services Profile

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.