Wealth Enhancement Advisory Services LLC Purchases 4,208 Shares of Primoris Services Corporation $PRIM

Wealth Enhancement Advisory Services LLC raised its position in shares of Primoris Services Corporation (NYSE:PRIM) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,765 shares of the company’s stock after acquiring an additional 4,208 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Primoris Services were worth $1,130,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Uncommon Cents Investing LLC boosted its stake in Primoris Services by 2.1% during the 3rd quarter. Uncommon Cents Investing LLC now owns 3,900 shares of the company’s stock valued at $536,000 after purchasing an additional 80 shares during the period. Assetmark Inc. boosted its position in shares of Primoris Services by 9.7% in the third quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $131,000 after acquiring an additional 84 shares during the period. NewEdge Advisors LLC grew its stake in shares of Primoris Services by 5.5% in the third quarter. NewEdge Advisors LLC now owns 2,071 shares of the company’s stock worth $284,000 after acquiring an additional 108 shares during the last quarter. Oliver Luxxe Assets LLC increased its position in Primoris Services by 0.4% during the third quarter. Oliver Luxxe Assets LLC now owns 32,308 shares of the company’s stock worth $4,437,000 after acquiring an additional 124 shares during the period. Finally, Ethic Inc. increased its position in Primoris Services by 4.3% during the third quarter. Ethic Inc. now owns 3,163 shares of the company’s stock worth $434,000 after acquiring an additional 131 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PRIM has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. Cantor Fitzgerald set a $160.00 price objective on shares of Primoris Services and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Mizuho increased their target price on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Zacks Research lowered Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Primoris Services in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Primoris Services currently has an average rating of “Moderate Buy” and an average price target of $154.53.

Primoris Services Stock Up 0.3%

NYSE:PRIM opened at $148.23 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 29.47 and a beta of 1.38. Primoris Services Corporation has a 12 month low of $49.10 and a 12 month high of $174.43. The company has a 50-day moving average price of $149.31.

Primoris Services (NYSE:PRIM) last posted its earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. Primoris Services’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Dividend Announcement

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

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.