SG Americas Securities LLC Sells 12,137 Shares of Primoris Services Corporation $PRIM

Key Points

• SG Americas Securities LLC sold 12,137 shares of Primoris in Q4, reducing its stake by 85.9% to 1,990 shares worth $247,000, per its latest 13F filing.
• Several large institutions (American Century, Wellington, Mackenzie, Westfield) materially increased their PRIM holdings, and institutional ownership of the company is high at 91.82%, indicating strong institutional interest despite the SG Americas sell-off.
• Analyst coverage is mixed but the consensus is a Moderate Buy with a $156.31 target; Primoris beat Q results (EPS $1.08 vs. $0.95), set FY2026 guidance of 5.80–6.00 EPS, and the stock trades around $162.63 near its 1‑year high.

SG Americas Securities LLC lowered its stake in Primoris Services Corporation (NYSE:PRIM - Free Report) by 85.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,990 shares of the company's stock after selling 12,137 shares during the quarter. SG Americas Securities LLC's holdings in Primoris Services were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PRIM. American Century Companies Inc. lifted its holdings in shares of Primoris Services by 69.6% in the third quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock worth $140,057,000 after acquiring an additional 418,374 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Primoris Services by 136.0% in the third quarter. Wellington Management Group LLP now owns 663,985 shares of the company's stock worth $91,185,000 after acquiring an additional 382,597 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Primoris Services in the third quarter worth about $50,071,000. Mackenzie Financial Corp lifted its holdings in shares of Primoris Services by 1,093.2% in the third quarter. Mackenzie Financial Corp now owns 380,340 shares of the company's stock worth $52,232,000 after acquiring an additional 348,465 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Primoris Services by 44.8% in the third quarter. Westfield Capital Management Co. LP now owns 947,308 shares of the company's stock worth $130,094,000 after acquiring an additional 293,085 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company increased 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. Wall Street Zen cut shares of Primoris Services from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Primoris Services in a report on Tuesday, January 20th. The Goldman Sachs Group increased their target price on shares of Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a report on Wednesday, January 28th. Finally, Guggenheim increased their target price on shares of Primoris Services from $170.00 to $184.00 and gave the stock a "buy" rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.31.

Primoris Services Price Performance

Primoris Services stock opened at $162.63 on Thursday. The firm has a 50 day moving average price of $150.62. Primoris Services Corporation has a 1 year low of $53.13 and a 1 year high of $174.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $8.82 billion, a P/E ratio of 32.33 and a beta of 1.38.

Primoris Services (NYSE:PRIM - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The firm'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 Dividend Announcement

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

Want to see what other hedge funds are holding PRIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primoris Services Corporation (NYSE:PRIM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.