Primoris Services Corporation $PRIM Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Primoris Services Corporation (NYSE:PRIM) by 4.6% in the first quarter, HoldingsChannel.com reports. The firm owned 1,159,121 shares of the company’s stock after selling 56,028 shares during the period. Dimensional Fund Advisors LP’s holdings in Primoris Services were worth $165,770,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in Primoris Services in the fourth quarter valued at approximately $33,000. Root Financial Partners LLC lifted its stake in Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Primoris Services during the second quarter worth $34,000. Cullen Frost Bankers Inc. boosted its position in shares of Primoris Services by 30.1% during 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 period. Finally, NewEdge Advisors LLC boosted its position in shares of Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock worth $43,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Primoris Services Price Performance

PRIM stock opened at $86.59 on Friday. 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 market capitalization of $4.70 billion, a P/E ratio of 19.07 and a beta of 1.41. The business’s 50-day moving average is $101.70 and its two-hundred day moving average is $131.91. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.28). Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Analysts anticipate that Primoris Services Corporation will post 1.87 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.32 annualized dividend and a yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is 7.05%.

Primoris Services News Summary

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

• Negative Sentiment: Several firms, including Robbins Geller, Howard G. Smith, Schall, Rosen, Pomerantz, Bernstein Liebhard, DJS, Kirby McInerney, Bragar Eagel & Squire, and KSF, issued fresh notices about the Primoris securities class action and the September 21, 2026 lead-plaintiff deadline, keeping legal risk in focus for shareholders. Article Title
• Negative Sentiment: The lawsuit campaign suggests investors are still reacting to alleged securities-law violations, which can weigh on sentiment by increasing uncertainty, legal costs, and the risk of further disclosure-related headlines. Article Title
• Neutral Sentiment: J.P. Morgan reiterated a Buy rating on Primoris, offering some offsetting support, but the rating update was not enough to overshadow the litigation headlines. Article Title

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRIM. Roth Capital reiterated a “buy” rating and issued a $100.00 price objective on shares of Primoris Services in a report on Monday, July 20th. Zacks Research lowered Primoris Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and lowered their target price for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 target price on shares of Primoris Services in a research report on Monday, June 15th. Finally, Cantor Fitzgerald cut their price target on shares of Primoris Services from $124.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Primoris Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.47.

Insider Buying and Selling

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

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.