Dimensional Fund Advisors LP Lowers Position in Primoris Services Co. $PRIM

Key Points

• Dimensional Fund Advisors LP cut its stake in Primoris by 44.4%, selling 1,200,037 shares in Q3 and now holds 1,501,410 shares (2.78% of the company) worth about $206.17 million.
• Primoris topped Q earnings expectations (EPS $1.08 vs. $0.95; revenue $1.86B) and issued FY2026 guidance of 5.800–6.000 EPS, while analysts lifted price targets and the consensus rating is "Moderate Buy" with an average target of $153.20.
• Several other institutional investors aggressively added to positions (e.g., First Trust +56.4%, American Century +229.3%, Arrowstreet +838.4%), leaving institutional ownership at 91.82%.

Dimensional Fund Advisors LP decreased its position in shares of Primoris Services Co. (NASDAQ:PRIM - Free Report) by 44.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,501,410 shares of the construction company's stock after selling 1,200,037 shares during the quarter. Dimensional Fund Advisors LP owned 2.78% of Primoris Services worth $206,174,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Primoris Services by 56.4% during the second quarter. First Trust Advisors LP now owns 1,833,105 shares of the construction company's stock worth $142,872,000 after buying an additional 660,915 shares in the last quarter. American Century Companies Inc. increased its holdings in Primoris Services by 229.3% in the second quarter. American Century Companies Inc. now owns 601,482 shares of the construction company's stock valued at $46,880,000 after buying an additional 418,805 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Primoris Services in the third quarter valued at $50,071,000. Westfield Capital Management Co. LP raised its position in shares of Primoris Services by 44.8% in the third quarter. Westfield Capital Management Co. LP now owns 947,308 shares of the construction company's stock worth $130,094,000 after acquiring an additional 293,085 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Primoris Services by 838.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 243,859 shares of the construction company's stock worth $19,006,000 after acquiring an additional 217,873 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PRIM. JPMorgan Chase & Co. raised their target price on Primoris Services from $143.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Wells Fargo & Company upped their price target on Primoris Services from $138.00 to $168.00 and gave the stock an "equal weight" rating in a report on Thursday, February 26th. UBS Group increased their price target on Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. DA Davidson set a $180.00 price objective on Primoris Services in a report on Wednesday, February 25th. Finally, Mizuho boosted their price objective on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $153.20.

Insider Buying and Selling

In other Primoris Services news, Director John P. Schauerman sold 7,815 shares of Primoris Services stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the sale, the director owned 74,466 shares of the company's stock, valued at $10,127,376. The trade was a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carla S. Mashinski sold 2,082 shares of the company's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the sale, the director directly owned 21,530 shares of the company's stock, valued at $2,909,564.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company's stock.

Primoris Services Stock Down 3.5%

PRIM stock opened at $133.11 on Friday. Primoris Services Co. has a 52 week low of $49.10 and a 52 week high of $174.43. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $147.42 and a 200-day simple moving average of $134.72. The stock has a market capitalization of $7.20 billion, a P/E ratio of 44.08 and a beta of 1.36.

Primoris Services (NASDAQ:PRIM - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The construction 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 2.68% and a return on equity of 15.23%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company posted $1.13 EPS. Primoris Services's quarterly revenue was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Equities analysts forecast that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Primoris Services's dividend payout ratio (DPR) is 6.36%.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company's operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.

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