Canada Pension Plan Investment Board Purchases Shares of 248,068 Primoris Services Corporation $PRIM

Canada Pension Plan Investment Board purchased a new stake in shares of Primoris Services Corporation (NYSE:PRIM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 248,068 shares of the company’s stock, valued at approximately $24,588,000. Canada Pension Plan Investment Board owned 0.46% of Primoris Services as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PRIM. Root Financial Partners LLC increased its holdings in Primoris Services by 43.1% in the 1st 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. Global Retirement Partners LLC purchased a new stake in Primoris Services during the 2nd quarter worth approximately $26,000. Harbour Investments Inc. acquired a new position in shares of Primoris Services during the fourth quarter valued at approximately $33,000. Cullen Frost Bankers Inc. raised its stake in Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Primoris Services in the second quarter valued at about $36,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on PRIM. UBS Group reiterated a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Wall Street Zen lowered Primoris Services from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Guggenheim lowered their price target on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $105.00 to $116.00 in a report on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Price Performance

NYSE:PRIM opened at $73.02 on Friday. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50. The stock’s fifty day moving average is $85.66 and its two-hundred day moving average is $120.79. The company has a market capitalization of $3.93 billion, a P/E ratio of 28.64 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results 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. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The company’s revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. Equities analysts expect that Primoris Services Corporation will post 1.76 EPS 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. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is currently 12.55%.

More Primoris Services News

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

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

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.