Jupiter Topco LLC Takes Position in Primoris Services Corporation $PRIM

Jupiter Topco LLC purchased a new position in Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, HoldingsChannel reports. The fund purchased 37,179 shares of the company’s stock, valued at approximately $3,685,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Primoris Services during the 2nd quarter valued at about $677,685,000. First Trust Advisors LP raised its holdings in Primoris Services by 47.4% in the first quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock worth $412,837,000 after buying an additional 928,155 shares during the last quarter. State Street Corp raised its holdings in Primoris Services by 56.8% in the fourth quarter. State Street Corp now owns 2,011,488 shares of the company’s stock worth $249,866,000 after buying an additional 728,646 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Primoris Services by 163.0% in the fourth quarter. Wellington Management Group LLP now owns 1,746,203 shares of the company’s stock worth $216,774,000 after buying an additional 1,082,218 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Primoris Services by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,325,103 shares of the company’s stock worth $164,526,000 after buying an additional 42,052 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PRIM shares. KeyCorp reiterated a “sector weight” rating on shares of Primoris Services in a report on Tuesday, June 23rd. Guggenheim decreased their price objective on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Primoris Services in a research report on Monday, July 20th. Cantor Fitzgerald increased their target price on Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, The Goldman Sachs Group raised Primoris Services from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $107.00 to $102.00 in a report on Thursday, June 25th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Primoris Services currently has an average rating of “Moderate Buy” and a consensus target price of $132.27.

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $72.14 on Wednesday. The firm’s 50-day moving average price is $84.68 and its 200-day moving average price is $119.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.88 billion, a PE ratio of 28.29 and a beta of 1.44. Primoris Services Corporation has a 52-week low of $65.00 and a 52-week 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, beating the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, analysts anticipate that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid 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 yield of 0.4%. Primoris Services’s payout ratio is currently 12.55%.

Key Stories Impacting Primoris Services

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

• Positive Sentiment: Primoris announced the appointment of James A. Greer and Oscar K. Brown to its board, effective October 1. The additions expand the board to 10 members and bring experienced energy-industry leadership, potentially strengthening oversight and governance. Primoris board appointments
• Neutral Sentiment: Several law firms issued substantially similar notices about the same securities class action, creating a September 21, 2026 deadline for investors to seek appointment as lead plaintiff. The repeated announcements do not represent separate confirmed lawsuits, but they increase the issue’s visibility. Primoris investor deadline notice
• Negative Sentiment: The class action alleges that Primoris failed to accurately estimate costs, forecast costs to complete, and oversee renewable-energy projects. The investor alerts link these alleged issues to repeated project-cost disclosures and a sharp reduction in guidance, including a reported $23.39 per-share decline. If the claims proceed, Primoris could face legal expenses, potential damages, and further scrutiny of project execution and internal controls. Primoris shareholder class action alert

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.