Asset Management One Co. Ltd. Purchases Shares of 12,160 Primoris Services Corporation $PRIM

Key Points

• Asset Management One bought a new stake of 12,160 shares in Primoris Services (NYSE:PRIM) in Q4, valued at about $1.54 million, as institutional ownership sits around 91.82%.
• Primoris beat quarterly expectations with $1.08 EPS vs. $0.95 and $1.86B revenue, set FY2026 guidance of 5.800–6.000 EPS, and analysts forecast ~5.73 EPS for the year.
• Analyst sentiment is positive—consensus rating is a “Moderate Buy” with a $157 average target, while several firms raised targets (e.g., UBS to $176, Wolfe $183); the stock trades near $172 with a $9.35B market cap and a 34.3 P/E.

Asset Management One Co. Ltd. purchased a new stake in Primoris Services Corporation (NYSE:PRIM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,160 shares of the company's stock, valued at approximately $1,539,000.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in 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 purchasing an additional 148 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Primoris Services in the third quarter valued at approximately $37,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Primoris Services during the 3rd quarter worth approximately $37,000. McIlrath & Eck LLC boosted its stake in shares of Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the company's stock worth $38,000 after acquiring an additional 145 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in shares of Primoris Services by 163.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 321 shares of the company's stock worth $44,000 after acquiring an additional 199 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research assumed coverage on Primoris Services in a research note on Thursday, April 9th. They set an "outperform" rating and a $183.00 target price for the company. Mizuho lifted their target price on Primoris Services from $128.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. UBS Group lifted their target price on Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. Wells Fargo & Company lifted their target price on Primoris Services from $138.00 to $168.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Primoris Services in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Primoris Services Price Performance

PRIM opened at $172.36 on Friday. The firm has a fifty day moving average price of $151.34. The company has a market cap of $9.35 billion, a P/E ratio of 34.27 and a beta of 1.38. Primoris Services Corporation has a 1 year low of $57.43 and a 1 year high of $176.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

Primoris Services (NYSE:PRIM - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating 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 return on equity of 18.67% and a net margin of 3.63%.The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. 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 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

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

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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