Versor Investments LP Has $1.68 Million Holdings in Primoris Services Corporation $PRIM

Versor Investments LP grew its holdings in shares of Primoris Services Corporation (NYSE:PRIM) by 131.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,513 shares of the company’s stock after acquiring an additional 7,673 shares during the quarter. Versor Investments LP’s holdings in Primoris Services were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Primoris Services by 9.7% during the 3rd quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $131,000 after purchasing an additional 84 shares in the last quarter. CWM LLC boosted its position in shares of Primoris Services by 1.1% during the 4th quarter. CWM LLC now owns 8,970 shares of the company’s stock worth $1,114,000 after acquiring an additional 96 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Primoris Services by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company’s stock worth $284,000 after acquiring an additional 108 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Primoris Services by 31.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock worth $87,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

PRIM has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Primoris Services from $168.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp reduced their price target on shares of Primoris Services from $179.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Wolfe Research initiated coverage on shares of Primoris Services in a research report on Thursday, April 9th. They set an “outperform” rating and a $183.00 price target on the stock. Wall Street Zen lowered shares of Primoris Services from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Cantor Fitzgerald set a $160.00 price target on shares of Primoris Services and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Primoris Services has a consensus rating of “Moderate Buy” and a consensus target price of $158.60.

Primoris Services Price Performance

Shares of NYSE:PRIM opened at $114.16 on Tuesday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 25.14 and a beta of 1.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $148.95 and a 200 day simple moving average of $141.80. Primoris Services Corporation has a one year low of $68.52 and a one year high of $205.50.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.28). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. Primoris Services’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Research analysts predict that Primoris Services Corporation will post 5.47 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Primoris Services’s dividend payout ratio (DPR) is presently 7.05%.

About Primoris Services

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.