Marietta Investment Partners LLC Raises Stock Position in Primoris Services Co. $PRIM

Marietta Investment Partners LLC raised its position in Primoris Services Co. (NASDAQ:PRIM) by 40.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,582 shares of the construction company’s stock after acquiring an additional 3,940 shares during the period. Marietta Investment Partners LLC’s holdings in Primoris Services were worth $1,865,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC lifted its holdings in Primoris Services by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 138,500 shares of the construction company’s stock valued at $19,020,000 after acquiring an additional 18,152 shares during the last quarter. NewSquare Capital LLC acquired a new stake in Primoris Services during the third quarter worth $7,400,000. Picton Mahoney Asset Management raised its position in Primoris Services by 205,557.1% in the third quarter. Picton Mahoney Asset Management now owns 43,188 shares of the construction company’s stock valued at $5,933,000 after purchasing an additional 43,167 shares during the period. Level Four Advisory Services LLC acquired a new position in shares of Primoris Services in the 3rd quarter valued at $250,000. Finally, American Century Companies Inc. lifted its stake in shares of Primoris Services by 69.6% in the 3rd quarter. American Century Companies Inc. now owns 1,019,856 shares of the construction company’s stock valued at $140,057,000 after purchasing an additional 418,374 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

PRIM has been the topic of several research analyst reports. Mizuho boosted their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of Primoris Services from $143.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Wells Fargo & Company lifted their target price on shares of Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, UBS Group upped their price target on Primoris Services from $165.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Primoris Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.20.

Primoris Services Price Performance

Shares of PRIM opened at $138.06 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services Co. has a fifty-two week low of $49.10 and a fifty-two week high of $174.43. The company has a market cap of $7.46 billion, a P/E ratio of 45.72 and a beta of 1.36. The firm’s 50 day moving average price is $147.34 and its 200 day moving average price is $134.41.

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

Primoris Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.08 dividend. 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 presently 6.36%.

Insider Transactions at Primoris Services

In related news, Director Carla S. Mashinski sold 2,082 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $135.14, for a total value of $281,361.48. Following the sale, the director owned 21,530 shares of the company’s stock, valued at $2,909,564.20. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the transaction, the director owned 74,466 shares of the company’s stock, valued at $10,127,376. This trade represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

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.