Portolan Capital Management LLC Grows Position in Primoris Services Corporation $PRIM

Key Points

• Portolan Capital Management increased its stake by 50.1%, buying an additional 49,792 shares to hold 149,241 shares of Primoris (about 0.28% of the company), a position valued at roughly $20.5 million and ranked as its 29th largest holding.
• Primoris beat Quarter expectations, reporting $1.08 EPS vs. $0.95 consensus and $1.86 billion in revenue (vs. $1.82B), with revenue up 6.7% year-over-year and FY2026 guidance of $5.80–$6.00 EPS.
• The company declared a quarterly dividend of $0.08 per share (annualized yield ~0.2%), while analysts maintain a consensus rating of "Moderate Buy" with an average target price of $153.20 after several firms raised targets.

Portolan Capital Management LLC boosted its position in Primoris Services Corporation (NYSE:PRIM - Free Report) by 50.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,241 shares of the company's stock after acquiring an additional 49,792 shares during the quarter. Primoris Services accounts for about 1.1% of Portolan Capital Management LLC's holdings, making the stock its 29th biggest holding. Portolan Capital Management LLC owned 0.28% of Primoris Services worth $20,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Primoris Services in the 3rd quarter valued at $1,726,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Primoris Services during the 3rd quarter worth $1,193,000. Federated Hermes Inc. grew its stake in shares of Primoris Services by 5.8% during the second quarter. Federated Hermes Inc. now owns 347,785 shares of the company's stock worth $27,106,000 after purchasing an additional 18,951 shares in the last quarter. Leuthold Group LLC increased its holdings in Primoris Services by 1,350.3% in the third quarter. Leuthold Group LLC now owns 48,947 shares of the company's stock valued at $6,722,000 after buying an additional 45,572 shares during the last quarter. Finally, Boston Partners increased its holdings in Primoris Services by 14.1% in the second quarter. Boston Partners now owns 564,898 shares of the company's stock valued at $47,823,000 after buying an additional 69,996 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Primoris Services Price Performance

NYSE PRIM opened at $133.49 on Friday. The company has a fifty day moving average of $148.23. The firm has a market capitalization of $7.22 billion, a P/E ratio of 26.54 and a beta of 1.36. Primoris Services Corporation has a 1 year low of $49.10 and a 1 year high of $174.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Primoris Services (NYSE:PRIM - Get Free Report) last posted its earnings results on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business's 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.

Primoris Services Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on PRIM. UBS Group lifted their price target on Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Wells Fargo & Company increased their price objective on Primoris Services from $138.00 to $168.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. The Goldman Sachs Group raised their target price on Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a research report on Wednesday, January 28th. Mizuho upped their price target on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. Finally, DA Davidson set a $180.00 price target on shares of Primoris Services in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Primoris Services currently has an average rating of "Moderate Buy" and an average target price of $153.20.

Primoris Services 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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