Aventail Capital Group LP Takes Position in Primoris Services Corporation $PRIM

Key Points

• Aventail Capital Group LP established a new position in Primoris Services, buying 130,880 shares worth about $17.97 million, representing roughly 0.24% of the company at quarter-end.
• Institutional ownership is high at 91.82%, with large increases from managers like First Trust, Invesco and American Century (which added 418,374 shares, a 69.6% rise to 1,019,856 shares worth ~$140.06M).
• Primoris beat quarterly estimates (EPS $1.08 vs. $0.95; revenue $1.86B vs. $1.82B), set FY2026 guidance of 5.800–6.000 EPS, and announced a quarterly dividend of $0.08 ($0.32 annualized, ~0.2% yield).

Aventail Capital Group LP bought a new stake in Primoris Services Corporation (NYSE:PRIM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 130,880 shares of the company's stock, valued at approximately $17,974,000. Aventail Capital Group LP owned approximately 0.24% of Primoris Services at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Primoris Services by 56.4% in the 2nd quarter. First Trust Advisors LP now owns 1,833,105 shares of the company's stock valued at $142,872,000 after acquiring an additional 660,915 shares during the period. State Street Corp lifted its stake in Primoris Services by 2.6% in the 2nd quarter. State Street Corp now owns 1,320,947 shares of the company's stock valued at $103,058,000 after purchasing an additional 33,399 shares during the last quarter. Geode Capital Management LLC grew its holdings in Primoris Services by 1.9% during the second quarter. Geode Capital Management LLC now owns 1,281,524 shares of the company's stock worth $99,895,000 after purchasing an additional 24,254 shares during the period. Invesco Ltd. grew its holdings in Primoris Services by 9.9% during the second quarter. Invesco Ltd. now owns 1,142,010 shares of the company's stock worth $89,008,000 after purchasing an additional 103,038 shares during the period. Finally, American Century Companies Inc. increased its position in Primoris Services by 69.6% during the third quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock worth $140,057,000 after buying an additional 418,374 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRIM has been the topic of several research analyst reports. Mizuho upped their price objective on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. Guggenheim boosted their target price on Primoris Services from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Weiss Ratings restated a "buy (b)" rating on shares of Primoris Services in a research note on Tuesday, January 20th. Zacks Research downgraded Primoris Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Primoris Services from $143.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Primoris Services presently has a consensus rating of "Moderate Buy" and an average price target of $153.20.

Primoris Services Stock Up 0.9%

Shares of NYSE:PRIM opened at $133.49 on Friday. Primoris Services Corporation has a 12-month low of $49.10 and a 12-month high of $174.43. The stock's 50 day moving average price is $148.23. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.22 billion, a PE ratio of 26.54 and a beta of 1.36.

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, topping analysts' consensus estimates of $0.95 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services's payout ratio is presently 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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