Primoris Services Co. $PRIM Shares Purchased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors increased its Q3 stake in Primoris by 15.1%, buying 18,152 shares to hold 138,500 shares worth about $19.02M, while institutional investors own 91.82% of PRIM and several large funds (First Trust, State Street, Geode, Invesco, American Century) also boosted positions.
• Primoris beat Q results — EPS $1.08 vs $0.95 and revenue $1.86B vs $1.82B — and issued FY2026 guidance of $5.80–$6.00 EPS, with analysts' consensus a Moderate Buy and an average price target of $153.20.
• Company insiders recently sold shares (Director Carla Mashinski sold 2,082 shares at $135.14; Director John P. Schauerman sold 7,815 shares at $136.00), cutting insider ownership to 1.40%, and the stock was trading near $138 (down ~4.5% on the day).

Aptus Capital Advisors LLC grew its position in shares of Primoris Services Co. (NASDAQ:PRIM - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,500 shares of the construction company's stock after acquiring an additional 18,152 shares during the quarter. Aptus Capital Advisors LLC owned about 0.26% of Primoris Services worth $19,020,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, Director Carla S. Mashinski sold 2,082 shares of Primoris Services stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the sale, the director directly owned 21,530 shares in the company, valued at $2,909,564.20. The trade was a 8.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Schauerman sold 7,815 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $136.00, for a total value of $1,062,840.00. Following the completion of the transaction, the director owned 74,466 shares in the company, valued at $10,127,376. This represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald set a $160.00 price objective on shares of Primoris Services and gave the stock a "neutral" rating in a report on Tuesday, February 24th. UBS Group increased their price objective on shares of Primoris Services from $165.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. upped their target price on Primoris Services from $143.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Guggenheim lifted their price target on Primoris Services from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group upped their price objective on Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a report on Wednesday, January 28th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.20.

Primoris Services Trading Down 4.5%

NASDAQ:PRIM opened at $138.06 on Friday. The stock's 50-day moving average is $147.34 and its two-hundred day moving average is $134.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $7.46 billion, a PE ratio of 45.72 and a beta of 1.36. Primoris Services Co. has a fifty-two week low of $49.10 and a fifty-two week high of $174.43.

Primoris Services (NASDAQ:PRIM - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $1.08 EPS 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 the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $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. As a group, equities research analysts forecast that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Primoris Services's dividend payout ratio (DPR) is presently 6.36%.

Primoris Services Company Profile

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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