Hel Ved Capital Management Ltd Takes Position in Primoris Services Co. $PRIM

Hel Ved Capital Management Ltd acquired a new position in shares of Primoris Services Co. (NASDAQ:PRIM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,800 shares of the construction company’s stock, valued at approximately $6,152,000. Primoris Services accounts for approximately 1.3% of Hel Ved Capital Management Ltd’s holdings, making the stock its 15th biggest holding. Hel Ved Capital Management Ltd owned about 0.08% of Primoris Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock worth $29,000 after acquiring an additional 148 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of Primoris Services in the 2nd quarter worth about $34,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Primoris Services in the 3rd quarter valued at about $37,000. Cullen Frost Bankers Inc. bought a new stake in shares of Primoris Services during the 3rd quarter valued at about $37,000. Finally, McIlrath & Eck LLC grew its stake in Primoris Services by 109.8% during the third quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock worth $38,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Transactions at Primoris Services

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the completion of the sale, the director owned 74,466 shares in the company, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carla S. Mashinski sold 2,082 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $135.14, for a total value of $281,361.48. Following the completion of the transaction, the director owned 21,530 shares in the company, valued at $2,909,564.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.40% of the company’s stock.

Primoris Services Stock Down 3.5%

Shares of NASDAQ:PRIM opened at $133.11 on Friday. The business’s 50 day moving average is $147.42 and its 200 day moving average is $134.55. Primoris Services Co. has a 12-month low of $49.10 and a 12-month high of $174.43. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 44.08 and a beta of 1.36. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

Primoris Services (NASDAQ:PRIM) last posted its quarterly earnings data on Monday, February 23rd. The construction company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, sell-side analysts forecast that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.32 annualized dividend and a yield of 0.2%. Primoris Services’s payout ratio is 6.36%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PRIM. 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. The Goldman Sachs Group increased their price target on Primoris Services from $117.00 to $133.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. UBS Group raised their price objective on shares of Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wells Fargo & Company increased their target price on shares of Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Primoris Services from $143.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.20.

About Primoris Services

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.