Primoris Services Corporation $PRIM Shares Bought by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services increased its stake in Primoris by 2,338.5% in Q4 to 314,426 shares (about $39.0M), now owning 0.58% of the company.
• Primoris beat Q4 estimates with $1.08 EPS (vs. $0.95 est.) and $1.86B revenue, and set FY2026 guidance at 5.800–6.000 EPS.
• Analysts carry a consensus "Moderate Buy" rating with an average target of $156.31 (Wolfe Research initiated coverage with an $183 target); PRIM trades near $166 with a market cap of ~$9.02B and a PE of 33.06.

Massachusetts Financial Services Co. MA grew its position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) by 2,338.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 314,426 shares of the company's stock after buying an additional 301,532 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.58% of Primoris Services worth $39,033,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Primoris Services by 69.6% during the third quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock worth $140,057,000 after purchasing an additional 418,374 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Primoris Services by 136.0% in the 3rd quarter. Wellington Management Group LLP now owns 663,985 shares of the company's stock valued at $91,185,000 after purchasing an additional 382,597 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Primoris Services during the 3rd quarter worth approximately $50,071,000. Mackenzie Financial Corp increased its position in Primoris Services by 1,093.2% during the 3rd quarter. Mackenzie Financial Corp now owns 380,340 shares of the company's stock worth $52,232,000 after purchasing an additional 348,465 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Primoris Services by 44.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 947,308 shares of the company's stock worth $130,094,000 after buying an additional 293,085 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PRIM. Weiss Ratings reissued a "buy (b)" rating on shares of Primoris Services in a report on Tuesday, January 20th. Zacks Research cut Primoris Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Mizuho raised their target price on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Primoris Services from $165.00 to $171.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Finally, Wolfe Research began coverage on shares of Primoris Services in a report on Thursday, April 9th. They issued an "outperform" rating and a $183.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.31.

Primoris Services Stock Performance

Shares of PRIM stock opened at $166.27 on Wednesday. The business's fifty day moving average price is $150.27. 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 firm has a market capitalization of $9.02 billion, a PE ratio of 33.06 and a beta of 1.38. Primoris Services Corporation has a 1 year low of $53.13 and a 1 year high of $174.43.

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

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

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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