Primoris Services Corporation $PRIM Shares Sold by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. reduced its position in shares of Primoris Services Corporation (NYSE:PRIM) by 14.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 52,325 shares of the company’s stock after selling 8,735 shares during the quarter. Primoris Services makes up 4.8% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Primoris Services were worth $7,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. raised its holdings in Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after acquiring an additional 81 shares during the period. Assetmark Inc. increased its stake in shares of Primoris Services by 9.7% in the third quarter. Assetmark Inc. now owns 953 shares of the company’s stock worth $131,000 after purchasing an additional 84 shares during the period. Covestor Ltd lifted its position in shares of Primoris Services by 13.4% during the 4th quarter. Covestor Ltd now owns 719 shares of the company’s stock worth $89,000 after purchasing an additional 85 shares during the last quarter. CWM LLC lifted 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 purchasing an additional 96 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Primoris Services by 18.6% during the 4th quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $78,000 after purchasing an additional 98 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Primoris Services

In related news, insider John M. Perisich sold 29,707 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares of the company’s stock, valued at $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Lee King sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the transaction, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Key Primoris Services News

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

• Negative Sentiment: Primoris said it found additional cost overruns and delays in several renewables projects, prompting a sharp cut to its 2026 outlook for earnings, EBITDA, and renewables revenue. The update reinforced investor concerns about execution and profitability in a key business line. Primoris Services Corporation Provides Business Update
• Negative Sentiment: The company also announced the departure of Chief Operating Officer Jeremy Kinch, adding leadership uncertainty at the same time the business is dealing with project execution problems. Primoris Services Stock Falls After COO Departure, Fiscal 2026 Guidance Cut
• Negative Sentiment: Multiple law firms announced securities-fraud investigations into Primoris Services, alleging possible misleading statements about financials, operations, and prospects. These investigations are likely weighing on sentiment and raising litigation-risk concerns. Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Primoris Services Corporation
• Negative Sentiment: Brokerage firms also turned more cautious, with Wells Fargo cutting its price target and Mizuho lowering its target, reflecting a more skeptical view of near-term fundamentals after the guidance reset. Analyst rating and price target updates
• Neutral Sentiment: Some analysts still maintained positive or neutral ratings, including Guggenheim and KeyCorp, suggesting Wall Street is not uniformly bearish even after the warning. Additional analyst coverage

Primoris Services Stock Performance

NYSE PRIM opened at $84.69 on Wednesday. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.59 billion, a P/E ratio of 18.65 and a beta of 1.37. The company’s 50-day simple moving average is $129.09 and its 200 day simple moving average is $138.14.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.28). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, research analysts forecast that Primoris Services Corporation will post 4.55 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 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 of this dividend is Tuesday, June 30th. Primoris Services’s dividend payout ratio (DPR) is currently 7.05%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PRIM shares. Needham & Company LLC dropped their target price on shares of Primoris Services from $205.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of Primoris Services from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Guggenheim reiterated a “buy” rating and issued a $162.00 target price on shares of Primoris Services in a research note on Tuesday. Finally, Mizuho decreased their target price on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.33.

Primoris Services Company Profile

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.