Schroder Investment Management Group Cuts Stock Holdings in Primoris Services Corporation $PRIM

Key Points

• Schroder Investment Management Group cut its stake in Primoris by 35.3% in Q3, selling 93,730 shares and leaving 171,508 shares (about 0.32% of the company) valued at roughly $23.09 million, while institutional investors own 91.82% of the stock.
• Primoris beat quarterly expectations with $1.08 EPS (vs. $0.95 est.) and $1.86B revenue, set FY2026 guidance of 5.800–6.000 EPS, and carries a consensus analyst rating of Moderate Buy with an average target of $153.20 while trading near $132.47.

Schroder Investment Management Group lowered its holdings in Primoris Services Corporation (NYSE:PRIM - Free Report) by 35.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,508 shares of the company's stock after selling 93,730 shares during the quarter. Schroder Investment Management Group owned approximately 0.32% of Primoris Services worth $23,088,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its position in Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company's stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Primoris Services in the 3rd quarter worth $37,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Primoris Services during the 3rd quarter worth $37,000. McIlrath & Eck LLC lifted 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 purchasing an additional 145 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in Primoris Services by 163.1% during the third quarter. Richardson Financial Services Inc. now owns 321 shares of the company's stock valued at $44,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PRIM shares. Wells Fargo & Company boosted their target price on shares of Primoris Services from $138.00 to $168.00 and gave the stock an "equal weight" rating in a report on Thursday, February 26th. Cantor Fitzgerald set a $160.00 price objective on shares of Primoris Services and gave the stock a "neutral" rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Primoris Services in a research note on Tuesday, January 20th. UBS Group increased their target price on shares of Primoris Services from $165.00 to $176.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Primoris Services from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Primoris Services presently has an average rating of "Moderate Buy" and a consensus target price of $153.20.

Primoris Services Stock Down 0.9%

Shares of PRIM stock opened at $132.47 on Friday. Primoris Services Corporation has a 52-week low of $49.10 and a 52-week high of $174.43. 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 firm has a market cap of $7.16 billion, a PE ratio of 26.33 and a beta of 1.36. The company has a 50-day moving average of $148.18.

Primoris Services (NYSE:PRIM - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.95 by $0.13. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. 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. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Primoris Services's dividend payout ratio (DPR) is 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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