Primoris Services Corporation $PRIM Shares Bought by Strs Ohio

Key Points

• Strs Ohio raised its stake in Primoris by 162.3%, buying 22,400 shares to own 36,200 shares worth about $4.49M (roughly 0.07% of the company), signaling increased institutional interest.
• Primoris missed Q1 expectations—EPS $0.59 vs. $0.87 expected and revenue $1.56B vs. $1.73B—while gross and operating profit fell and operating cash flow swung to an outflow, pressuring near‑term sentiment.
• Despite the miss, the company set FY‑2026 guidance of 4.800–5.000 EPS and received an upgrade from UBS to a $212 price target, while analysts' consensus remains a Moderate Buy with an average target of $159.25.

Strs Ohio lifted its stake in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) by 162.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,200 shares of the company's stock after purchasing an additional 22,400 shares during the quarter. Strs Ohio owned about 0.07% of Primoris Services worth $4,494,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PRIM. SBI Securities Co. Ltd. boosted its holdings in Primoris Services by 224.2% during the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company's stock worth $29,000 after buying an additional 148 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in Primoris Services in the second quarter valued at about $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Primoris Services during the 3rd quarter valued at approximately $37,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Primoris Services during the 3rd quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC boosted its stake in shares of Primoris Services by 109.8% during the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the company's stock worth $38,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Primoris Services News Summary

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Company set FY‑2026 EPS guidance of 4.800–5.000, giving investors forward visibility and a clear earnings target. Primoris FY2026 Guidance (Press Release)
• Positive Sentiment: UBS upgraded the stock and raised its price target to $212 (buy), which can provide buying support and influence other analysts. UBS Raises Price Target to $212
• Neutral Sentiment: Institutional ownership and recent hedge‑fund moves remain large and active (BlackRock, Wellington, Norges Bank increases noted), which can amplify moves in either direction but is not an immediate fundamental change. QuiverQuant Institutional Activity
• Negative Sentiment: Q1 EPS and revenue missed consensus: EPS $0.59 vs. ~$0.87 expected and revenue ~$1.56B vs. ~$1.73B expected — a clear near‑term earnings shortfall that pressured sentiment. Zacks: Q1 Earnings and Revenues Lag
• Negative Sentiment: Profitability and cash flow weakened materially: gross profit and operating profit declined YoY, net income and diluted EPS fell sharply, and operating cash flow swung to a significant outflow — heightening near‑term liquidity and execution concerns. Insider selling and the initial sharp market reaction were also flagged. QuiverQuant: Detailed Q1 Financials & Market Reaction

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRIM. The Goldman Sachs Group raised their price objective on Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a research note on Wednesday, January 28th. DA Davidson set a $180.00 target price on Primoris Services in a research report on Wednesday, February 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Primoris Services in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price target on Primoris Services from $165.00 to $171.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Primoris Services from $138.00 to $168.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $159.25.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $203.18 on Wednesday. The business's 50-day moving average price is $152.79. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.02 billion, a P/E ratio of 40.39 and a beta of 1.50. Primoris Services Corporation has a 12 month low of $63.36 and a 12 month high of $205.50.

Primoris Services (NYSE:PRIM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.28). The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.73 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The business's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. On average, analysts anticipate that Primoris Services Corporation will post 5.73 EPS for the current year.

Primoris Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Primoris Services's payout ratio is currently 6.36%.

About Primoris Services

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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