Jupiter Topco LLC Buys New Position in Primoris Services Corporation $PRIM

Jupiter Topco LLC purchased a new position in Primoris Services Corporation (NYSE:PRIM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,179 shares of the company’s stock, valued at approximately $3,685,000. Jupiter Topco LLC owned 0.07% of Primoris Services as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Primoris Services in the 2nd quarter worth $677,685,000. First Trust Advisors LP boosted its stake in shares of Primoris Services by 47.4% during the 1st quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock valued at $412,837,000 after purchasing an additional 928,155 shares in the last quarter. State Street Corp boosted its stake in shares of Primoris Services by 56.8% during the 4th quarter. State Street Corp now owns 2,011,488 shares of the company’s stock valued at $249,866,000 after purchasing an additional 728,646 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Primoris Services by 163.0% during the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock valued at $216,774,000 after buying an additional 1,082,218 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Primoris Services by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,325,103 shares of the company’s stock valued at $164,526,000 after buying an additional 42,052 shares during the period. Institutional investors own 91.82% of the company’s stock.

Trending Headlines about Primoris Services

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

• Positive Sentiment: Primoris announced the appointment of James A. Greer and Oscar K. Brown to its board, effective October 1. The additions expand the board to 10 members and bring experienced energy-industry leadership, potentially strengthening oversight and governance. Primoris board appointments
• Neutral Sentiment: Several law firms issued substantially similar notices about the same securities class action, creating a September 21, 2026 deadline for investors to seek appointment as lead plaintiff. The repeated announcements do not represent separate confirmed lawsuits, but they increase the issue’s visibility. Primoris investor deadline notice
• Negative Sentiment: The class action alleges that Primoris failed to accurately estimate costs, forecast costs to complete, and oversee renewable-energy projects. The investor alerts link these alleged issues to repeated project-cost disclosures and a sharp reduction in guidance, including a reported $23.39 per-share decline. If the claims proceed, Primoris could face legal expenses, potential damages, and further scrutiny of project execution and internal controls. Primoris shareholder class action alert

Analysts Set New Price Targets

Several analysts have commented on PRIM shares. Wells Fargo & Company lowered 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 report on Tuesday, June 23rd. KeyCorp reissued a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Cantor Fitzgerald increased their target price on Primoris Services from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Roth Capital restated a “buy” rating and issued a $100.00 target price on shares of Primoris Services in a research note on Monday, July 20th. Finally, Mizuho dropped their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Primoris Services has an average rating of “Moderate Buy” and an average target price of $132.27.

Primoris Services Trading Up 0.0%

NYSE:PRIM opened at $72.14 on Wednesday. Primoris Services Corporation has a one year low of $65.00 and a one year high of $205.50. 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’s 50-day simple moving average is $84.68 and its 200 day simple moving average is $119.22. The firm has a market capitalization of $3.88 billion, a P/E ratio of 28.29 and a beta of 1.44.

Primoris Services (NYSE:PRIM) last announced its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. As a group, analysts forecast that Primoris Services Corporation will post 1.76 EPS for the current fiscal year.

Primoris Services Dividend Announcement

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

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.