Raiffeisen Bank International AG Raises Stock Holdings in Primoris Services Corporation $PRIM

Key Points

• Raiffeisen Bank International increased its Primoris Services stake by 904.8% in the second quarter, ending with 198,000 shares valued at approximately $19.3 million. Institutional investors collectively own 91.82% of the company.
• Primoris faces proposed securities litigation alleging it failed to disclose risks tied to fixed-price renewable-energy projects, including cost overruns and declining margins. The allegations remain unproven, but the legal actions create financial and reputational uncertainty for shareholders.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $132.27, despite recent target reductions and the stock opening at $73.44. The company exceeded quarterly EPS expectations but reported a 10.7% year-over-year revenue decline and declared a quarterly dividend of $0.08 per share.

Raiffeisen Bank International AG boosted its position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) by 904.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 198,000 shares of the company's stock after acquiring an additional 178,294 shares during the quarter. Raiffeisen Bank International AG owned about 0.37% of Primoris Services worth $19,254,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PRIM. Global Retirement Partners LLC purchased a new position in shares of Primoris Services in the second quarter worth about $26,000. Harbour Investments Inc. purchased a new stake in Primoris Services in the fourth quarter valued at approximately $33,000. Root Financial Partners LLC boosted its position in Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company's stock valued at $33,000 after buying an additional 69 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in Primoris Services in the 2nd quarter worth approximately $34,000. Finally, Persistent Asset Partners Ltd acquired a new position in Primoris Services in the 2nd quarter worth approximately $36,000. 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:

• Negative Sentiment: The lawsuit alleges that Primoris failed to adequately disclose risks associated with fixed-price renewable-energy projects, including cost overruns and deteriorating margins across six projects. The complaint reportedly claims that subsequent disclosures led to a decline of approximately $23.39 per share and may have violated federal securities laws. These allegations have not been proven. PRIM Shareholder Alert
• Negative Sentiment: A wave of investor notices from Kaplan Fox, Bragar Eagel & Squire, Pomerantz, Rosen, Levi & Korsinsky, Bernstein Liebhard, Kahn Swick & Foti and other firms is increasing visibility around the litigation and potential disclosure concerns. Kaplan Fox investor alert
• Negative Sentiment: The proposed class covers investors who purchased Primoris shares between August 5, 2025, and June 22, 2026. Although the notices are largely promotional and do not establish additional liability, ongoing litigation creates legal, financial and reputational uncertainty for shareholders. Bragar Eagel & Squire investor notice

Wall Street Analyst Weigh In

Several analysts have commented on PRIM shares. The Goldman Sachs Group upgraded shares of Primoris Services from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $107.00 to $102.00 in a research note on Thursday, June 25th. Weiss Ratings lowered shares of Primoris Services from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Roth Capital reissued a "buy" rating and set a $100.00 target price on shares of Primoris Services in a report on Monday, July 20th. Wolfe Research restated an "outperform" rating and set a $149.00 target price on shares of Primoris Services in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of Primoris Services from a "hold" rating to a "sell" rating in a report on Saturday, June 27th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Primoris Services currently has a consensus rating of "Moderate Buy" and an average target price of $132.27.

Primoris Services Stock Down 1.1%

Shares of PRIM stock opened at $73.44 on Friday. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The stock has a market cap of $3.95 billion, a P/E ratio of 28.80 and a beta of 1.43. The stock has a 50 day moving average of $83.89 and a 200 day moving average of $117.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.08. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The business's quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. As a group, sell-side analysts expect that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services's dividend payout ratio (DPR) is currently 12.55%.

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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