60,000 Shares in Primoris Services Corporation $PRIM Bought by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in shares of Primoris Services Corporation (NYSE:PRIM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $5,947,000. Heartland Advisors Inc. owned approximately 0.11% of Primoris Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Primoris Services during the second quarter valued at about $677,685,000. Wellington Management Group LLP boosted its stake in Primoris Services by 163.0% in the 4th quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock worth $216,774,000 after purchasing an additional 1,082,218 shares in the last quarter. First Trust Advisors LP boosted its stake in Primoris Services by 47.4% in the 1st quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock worth $412,837,000 after purchasing an additional 928,155 shares in the last quarter. Norges Bank purchased a new stake in Primoris Services during the 4th quarter worth approximately $103,368,000. Finally, State Street Corp grew its position in Primoris Services by 56.8% during the 4th quarter. State Street Corp now owns 2,011,488 shares of the company’s stock worth $249,866,000 after purchasing an additional 728,646 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $77.17 on Friday. The company has a 50 day simple moving average of $88.27 and a two-hundred day simple moving average of $123.47. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 30.26 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47. Primoris Services Corporation has a 12 month low of $65.00 and a 12 month high of $205.50.

Primoris Services (NYSE:PRIM) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. As a group, analysts predict that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

Insider Transactions at Primoris Services

In other Primoris Services news, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the transaction, the insider owned 27,574 shares in the company, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Lee King sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 14,941 shares of the company’s stock, valued at approximately $1,779,323.69. This trade represents a 57.24% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Trending Headlines about Primoris Services

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

• Neutral Sentiment: Several law firms are notifying shareholders who purchased Primoris securities between August 5, 2025, and June 22, 2026, about the lawsuit and the opportunity to apply to lead the case. The notices are largely investor-solicitation announcements and do not represent separate lawsuits or new company disclosures. Kaplan Fox class-action deadline notice
• Negative Sentiment: The complaint alleges that Primoris made material misstatements or omissions regarding the costs and risks of significant fixed-price renewable-energy projects. Investors are also citing alleged project cost overruns that undermined the company’s February 2026 adjusted EPS and adjusted EBITDA outlook. Primoris securities-fraud lawsuit summary
• Negative Sentiment: The lawsuit materials point to a reported $23.39-per-share decline on June 23, 2026, after Primoris sharply reduced guidance. The allegations remain unproven, but the litigation creates potential legal costs, financial liability, and reputational risk for Primoris Services Corporation (PRIM).

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC decreased their price target on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. raised Primoris Services from a “neutral” rating to an “overweight” rating and upped their target price for the company from $105.00 to $116.00 in a research report on Monday, June 29th. Oppenheimer assumed coverage on Primoris Services in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 target price for the company. Weiss Ratings cut Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.27.

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.