Fox Run Management L.L.C. Sells 4,057 Shares of Primoris Services Co. $PRIM

Fox Run Management L.L.C. lowered its holdings in shares of Primoris Services Co. (NASDAQ:PRIM) by 36.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,022 shares of the construction company’s stock after selling 4,057 shares during the quarter. Fox Run Management L.L.C.’s holdings in Primoris Services were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in Primoris Services by 34.5% during the first quarter. NewEdge Advisors LLC now owns 757 shares of the construction company’s stock worth $43,000 after buying an additional 194 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Primoris Services by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the construction company’s stock worth $28,337,000 after purchasing an additional 33,934 shares during the last quarter. Caxton Associates LLP bought a new stake in Primoris Services during the first quarter worth approximately $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Primoris Services by 25.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the construction company’s stock valued at $9,650,000 after purchasing an additional 33,818 shares during the last quarter. Finally, Ethic Inc. bought a new position in shares of Primoris Services in the second quarter valued at approximately $243,000. 91.82% of the stock is currently owned by institutional investors.

Primoris Services News Roundup

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

• Positive Sentiment: DA Davidson reiterated a Buy on PRIM, keeping analyst support that should help buying interest among growth/value investors. Article Title
• Positive Sentiment: UBS raised its price target to $176 and stays at Buy — the highest new target here (≈15.6% upside vs. current price), signaling bullish conviction from a large broker. Article Title
• Positive Sentiment: Guggenheim lifted its target to $170 and maintains a Buy rating — another supportive uplift that reinforces upside expectations from institutional analysts. Article Title Ticker Report
• Positive Sentiment: Wells Fargo raised its target to $168 but keeps an Equal Weight rating — the upgrade to the target is constructive, though the neutral rating limits how bullish this should be read. Article Title
• Neutral Sentiment: JPMorgan bumped its target to $165 but left a Neutral rating — a modest endorsement that may support the stock but is unlikely to trigger strong buying on its own. Article Title
• Negative Sentiment: Mizuho raised its target to $143 but still has a Neutral rating and that target is ~6% below the current price, which could pressure the shares by giving investors a reason to trim exposure. Article Title

Insiders Place Their Bets

In other news, Director John P. Schauerman sold 7,815 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the transaction, the director directly owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carla S. Mashinski sold 2,082 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the sale, the director directly owned 21,530 shares in the company, valued at approximately $2,909,564.20. The trade was a 8.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PRIM. UBS Group upped their price objective on shares of Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Primoris Services from $143.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp raised their price target on Primoris Services from $154.00 to $159.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a $161.00 price objective on shares of Primoris Services in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group raised their target price on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.20.

Primoris Services Stock Down 0.6%

PRIM stock opened at $152.22 on Friday. Primoris Services Co. has a twelve month low of $49.10 and a twelve month high of $174.43. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The company has a market cap of $8.22 billion, a PE ratio of 50.40 and a beta of 1.37. The business’s 50-day simple moving average is $145.57 and its 200 day simple moving average is $133.24.

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

Primoris Services Announces Dividend

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

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.