American Century Companies Inc. Has $140.06 Million Stock Holdings in Primoris Services Co. $PRIM

American Century Companies Inc. boosted its stake in Primoris Services Co. (NASDAQ:PRIM) by 69.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,019,856 shares of the construction company’s stock after buying an additional 418,374 shares during the quarter. American Century Companies Inc.’s holdings in Primoris Services were worth $140,057,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in shares of Primoris Services by 224.2% during the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock worth $29,000 after purchasing an additional 148 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Primoris Services in the second quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC bought a new stake in Primoris Services in the third quarter valued at about $37,000. Cullen Frost Bankers Inc. bought a new position in Primoris Services during the 3rd quarter worth approximately $37,000. Finally, McIlrath & Eck LLC grew its holdings 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 buying an additional 145 shares during the period. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PRIM shares. DA Davidson set a $180.00 price target on shares of Primoris Services in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Needham & Company LLC reissued a “buy” rating on shares of Primoris Services in a report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Primoris Services from $143.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Guggenheim lifted their target price on Primoris Services from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.20.

Insider Buying and Selling at Primoris Services

In other news, Director Carla S. Mashinski sold 2,082 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the sale, the director owned 21,530 shares of the company’s stock, valued at $2,909,564.20. This trade represents a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were 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 $10,127,376. This represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Primoris Services Stock Performance

Shares of Primoris Services stock opened at $150.29 on Monday. Primoris Services Co. has a fifty-two week low of $49.10 and a fifty-two week high of $174.43. The company’s 50 day moving average price is $146.07 and its two-hundred day moving average price is $133.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $8.12 billion, a P/E ratio of 49.77 and a beta of 1.37.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 EPS 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’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. On average, equities analysts forecast that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services’s dividend payout ratio (DPR) is 6.36%.

Primoris Services Company 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.