Inceptionr LLC Purchases Shares of 4,564 Primoris Services Co. $PRIM

Inceptionr LLC acquired a new position in shares of Primoris Services Co. (NASDAQ:PRIM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,564 shares of the construction company’s stock, valued at approximately $627,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position in Primoris Services by 224.2% during the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the construction company’s stock valued at $29,000 after buying an additional 148 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Primoris Services in the third quarter valued at $37,000. Blue Bell Private Wealth Management LLC purchased a new stake in Primoris Services in the third quarter worth about $37,000. McIlrath & Eck LLC lifted its stake in shares of Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the construction company’s stock valued at $38,000 after purchasing an additional 145 shares during the period. Finally, Richardson Financial Services Inc. grew its position in shares of Primoris Services by 163.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 321 shares of the construction company’s stock worth $44,000 after buying an additional 199 shares during the period. Institutional investors own 91.82% of the company’s stock.

Insider Activity

In other news, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction on 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 sale, the director directly owned 74,466 shares of the company’s stock, valued at approximately $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PRIM shares. Wells Fargo & Company lifted their price target on Primoris Services from $138.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Cantor Fitzgerald set a $160.00 target price on Primoris Services and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Mizuho upped their price objective on Primoris Services from $128.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Guggenheim increased their target price on shares of Primoris Services from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on Primoris Services from $143.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.20.

Primoris Services Stock Down 2.8%

Shares of NASDAQ PRIM opened at $133.93 on Wednesday. Primoris Services Co. has a 1 year low of $49.10 and a 1 year high of $174.43. The firm has a 50-day simple moving average of $147.82 and a two-hundred day simple moving average of $135.20. The company has a market cap of $7.24 billion, a P/E ratio of 44.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38.

Primoris Services (NASDAQ:PRIM) last released its earnings results on Monday, February 23rd. The construction company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given 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 (DPR) is 6.36%.

Primoris Services Profile

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.