Crown Advisors Management Inc. Takes Position in Primoris Services Corporation $PRIM

Key Points

• Crown Advisors Management Inc. bought a new position of 15,000 shares of Primoris Services (NYSE:PRIM) in Q3, valued at about $2.06 million, making PRIM ~1.4% of the fund's holdings and its 25th largest stake.
• Primoris beat quarterly estimates with $1.08 EPS vs. $0.95 expected and $1.86B revenue (up 6.7% YoY), and set FY 2026 guidance of 5.800–6.000 EPS.

Crown Advisors Management Inc. bought a new stake in Primoris Services Corporation (NYSE:PRIM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,000 shares of the company's stock, valued at approximately $2,059,000. Primoris Services makes up approximately 1.4% of Crown Advisors Management Inc.'s holdings, making the stock its 25th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the company's stock valued at $43,000 after acquiring an additional 194 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Primoris Services by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the company's stock worth $28,337,000 after purchasing an additional 33,934 shares during the period. Caxton Associates LLP bought a new position in shares of Primoris Services in the 1st quarter worth $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Primoris Services by 25.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the company's stock valued at $9,650,000 after purchasing an additional 33,818 shares during the period. Finally, Allworth Financial LP grew its position in Primoris Services by 241.5% in the 2nd quarter. Allworth Financial LP now owns 765 shares of the company's stock valued at $60,000 after purchasing an additional 541 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Primoris Services Price Performance

NYSE PRIM opened at $140.26 on Wednesday. Primoris Services Corporation has a 1 year low of $49.10 and a 1 year high of $174.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 27.88 and a beta of 1.36. The business has a fifty day moving average price of $148.66.

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 for the quarter, beating analysts' consensus estimates of $0.95 by $0.13. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $1.13 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. 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 paid 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 is Tuesday, March 31st. Primoris Services's payout ratio is presently 6.36%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PRIM. Guggenheim upped their price objective on shares of Primoris Services from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Wells Fargo & Company lifted their price objective 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. Wall Street Zen downgraded shares of Primoris Services from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Cantor Fitzgerald set a $160.00 target price on shares of Primoris Services and gave the stock a "neutral" rating in a report on Tuesday, February 24th. Finally, Mizuho raised their price target on shares of Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. One investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $153.20.

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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