Primoris Services Corporation $PRIM Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP grew its position in Primoris Services Corporation (NYSE:PRIM) by 148.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,675,487 shares of the company’s stock after purchasing an additional 2,795,887 shares during the period. Wellington Management Group LLP owned about 0.09% of Primoris Services worth $463,434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRIM. Root Financial Partners LLC lifted its holdings in shares of Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after buying an additional 69 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after buying an additional 81 shares during the last quarter. Covestor Ltd raised its position in Primoris Services by 13.4% during the fourth quarter. Covestor Ltd now owns 719 shares of the company’s stock valued at $89,000 after acquiring an additional 85 shares in the last quarter. IFP Advisors Inc raised its position in Primoris Services by 18.6% during the fourth quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $78,000 after acquiring an additional 98 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Primoris Services by 2.5% in the fourth quarter. TD Private Client Wealth LLC now owns 4,183 shares of the company’s stock valued at $519,000 after acquiring an additional 101 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Price Performance

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

Primoris Services (NYSE:PRIM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $1.68 EPS. Primoris Services’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s dividend payout ratio is 12.55%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Needham & Company LLC decreased their target price on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Wells Fargo & Company reduced their price objective on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 23rd. Guggenheim decreased their price objective on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $105.00 to $116.00 in a research report on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.27.

Key Stories Impacting Primoris Services

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

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.