Abacus FCF Advisors LLC Makes New Investment in Primoris Services Corporation $PRIM

Key Points

• Abacus FCF Advisors LLC purchased a new position in Primoris Services (PRIM) of 51,466 shares valued at approximately $6.39 million, representing about 0.10% of the company at quarter-end while institutional investors own 91.82% of the stock.
• Primoris beat Q4 estimates with $1.08 EPS versus $0.95 expected and $1.86B revenue (up 6.7% YoY), set FY2026 guidance of 5.800–6.000 EPS (consensus 5.73), and retains mostly positive analyst coverage (average rating "Moderate Buy" and average target $157, with some targets raised up to $195).

Abacus FCF Advisors LLC purchased a new position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,466 shares of the company's stock, valued at approximately $6,389,000. Abacus FCF Advisors LLC owned 0.10% of Primoris Services at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company's stock valued at $29,000 after buying an additional 148 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of Primoris Services during the 2nd quarter worth about $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Primoris Services in the 3rd quarter valued at about $37,000. Cullen Frost Bankers Inc. acquired a new position in shares of Primoris Services during the third quarter valued at about $37,000. Finally, McIlrath & Eck LLC grew its holdings in Primoris Services by 109.8% during the third quarter. McIlrath & Eck LLC now owns 277 shares of the company's stock worth $38,000 after buying an additional 145 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Primoris Services Price Performance

NYSE:PRIM opened at $171.61 on Friday. Primoris Services Corporation has a 1-year low of $58.13 and a 1-year high of $176.68. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $151.44. The stock has a market cap of $9.31 billion, a P/E ratio of 34.12 and a beta of 1.38.

Primoris Services (NYSE:PRIM - Get Free Report) last announced its earnings results on Monday, February 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates 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 3.63% and a return on equity of 18.67%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Equities analysts anticipate that Primoris Services Corporation will post 5.73 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, March 31st. Primoris Services's payout ratio is presently 6.36%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Guggenheim increased their price target on Primoris Services from $184.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, April 20th. UBS Group increased their price objective on Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Wolfe Research started coverage on Primoris Services in a research report on Thursday, April 9th. They set an "outperform" rating and a $183.00 price target for the company. Wall Street Zen lowered Primoris Services from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Primoris Services in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $157.00.

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.

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