Bruni J V & Co. Co. Invests $37.75 Billion in Primoris Services Corporation $PRIM

Key Points

• Bruni J V & Co. acquired 380,845 Primoris Services shares in the second quarter, valued at approximately $37.75 million, giving it a 0.71% stake. Institutional investors collectively own 91.82% of the company.
• Primoris reported a second-quarter loss of $0.27 per share and $1.69 billion in revenue, down 10.7% year over year and below analyst revenue estimates. Investor concerns have also intensified over alleged cost-forecasting and project-oversight issues tied to renewable-energy projects; these claims remain unproven allegations.
• PRIM opened at $79.60, well below its 52-week high of $205.50. Analysts maintain a consensus “Moderate Buy” rating with a $132.27 target price, while the company announced a quarterly dividend of $0.08 per share, yielding approximately 0.4%.

Bruni J V & Co. Co. acquired a new position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 380,845 shares of the company's stock, valued at approximately $37,749,356,000. Primoris Services accounts for about 3.4% of Bruni J V & Co. Co.'s holdings, making the stock its 12th largest holding. Bruni J V & Co. Co. owned 0.71% of Primoris Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRIM. Global Retirement Partners LLC acquired a new stake in shares of Primoris Services in the second quarter valued at about $26,000. Harbour Investments Inc. bought a new position in shares of Primoris Services in the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its position in shares of Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company's stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Primoris Services during the 2nd quarter worth about $34,000. Finally, Persistent Asset Partners Ltd bought a new stake in Primoris Services during the 2nd quarter valued at approximately $36,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Primoris Services

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

• Negative Sentiment: Several firms, including Hagens Berman, Robbins LLP, and others, say the lawsuit alleges Primoris made materially false or misleading statements about cost forecasting, project oversight, and the expected profitability of certain renewable-energy construction projects. These are allegations, not proven findings. Hagens Berman investor alert
• Negative Sentiment: The legal notices link the alleged disclosure issues to a sharp reduction in the company’s February 2026 outlook for adjusted EPS and adjusted EBITDA. One notice says the guidance reset followed cost problems involving six renewable-energy projects and coincided with a reported $23.39-per-share stock decline. Levi and Korsinsky investor alert
• Negative Sentiment: Primoris reported weak second-quarter 2026 results, according to the notices, intensifying investor concerns about project execution, profitability, and the company’s ability to meet its financial outlook. The company’s previously reported results also showed year-over-year revenue pressure and a quarterly loss. Hagens Berman class action alert
• Neutral Sentiment: Investors who purchased Primoris securities between August 5, 2025, and June 22, 2026, may seek appointment as lead plaintiff. The deadline is September 21, 2026; the notices are primarily attorney solicitations and do not represent a new company operating update. Rosen Law Firm notice

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $79.60 on Wednesday. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 31.22 and a beta of 1.43. Primoris Services Corporation has a one year low of $65.00 and a one year high of $205.50. The business has a fifty day simple moving average of $89.30 and a 200 day simple moving average of $124.80. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. Sell-side analysts expect that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Primoris Services's dividend payout ratio is presently 12.55%.

Insider Buying and Selling

In related news, insider John M. Perisich sold 29,707 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the transaction, the insider owned 27,574 shares in the company, valued at $3,525,611.64. This trade represents a 51.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Lee King sold 20,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total value of $2,381,800.00. Following the completion of the sale, the director directly owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on PRIM. The Goldman Sachs Group raised Primoris Services from a "sell" rating to a "neutral" rating and lowered their target price for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Oppenheimer started coverage on Primoris Services in a research report on Tuesday, July 7th. They issued an "outperform" rating and a $135.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Primoris Services from $118.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 23rd. Guggenheim dropped their target price on shares of Primoris Services from $162.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Primoris Services in a research note on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Primoris Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.27.

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.

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