UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Primoris Services Corporation $PRIM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Primoris Services Corporation (NYSE:PRIM) by 29.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,516 shares of the company’s stock after purchasing an additional 38,478 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Primoris Services worth $16,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Primoris Services during the second quarter valued at about $26,000. Harbour Investments Inc. acquired a new position in shares of Primoris Services in the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its stake in shares of Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in Primoris Services in the second quarter valued at about $34,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Primoris Services during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PRIM shares. Oppenheimer started coverage on Primoris Services in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 target price on the stock. Cantor Fitzgerald upped their price target on shares of Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Roth Capital reissued a “buy” rating and set a $100.00 price objective on shares of Primoris Services in a report on Monday, July 20th. Mizuho dropped their target price on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Finally, Wolfe Research restated an “outperform” rating and issued a $149.00 target price on shares of Primoris Services in a research note on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Primoris Services currently has an average rating of “Moderate Buy” and a consensus target price of $132.27.

Primoris Services Stock Up 1.1%

Shares of NYSE:PRIM opened at $74.37 on Friday. The company’s fifty day moving average is $83.52 and its two-hundred day moving average is $117.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. Primoris Services Corporation has a 1-year low of $65.00 and a 1-year high of $205.50. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 29.16 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.68 EPS. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Equities analysts anticipate that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Dividend Announcement

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

Trending Headlines about Primoris Services

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

• Neutral Sentiment: ClaimsFiler, Rosen Law Firm, Kaplan Fox, and Robbins Geller reminded investors who purchased PRIM shares between August 5, 2025, and June 22, 2026, that lead plaintiff applications are due September 21. These notices are procedural and do not represent a court finding of wrongdoing. ClaimsFiler shareholder alert Rosen Law Firm announcement
• Negative Sentiment: The lawsuit alleges that Primoris did not adequately disclose risks tied to fixed-price renewable-energy projects while cost overruns and margin deterioration affected six projects. If substantiated, the claims could raise concerns about project execution, financial reporting, potential litigation costs, and management credibility. SueWallSt shareholder alert
• Negative Sentiment: The legal overhang adds to existing fundamental concerns: Primoris recently reported revenue down 10.7% year over year, while its latest quarterly loss and relatively thin 1.92% net margin leave less room for additional project charges or settlements. The repeated law-firm outreach is likely increasing volatility and discouraging risk-sensitive investors. Pomerantz investor alert

About Primoris Services

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.