Teacher Retirement System of Texas Trims Holdings in Primoris Services Corporation $PRIM

Key Points

• Teacher Retirement System of Texas trimmed its stake by 55.2% in Primoris (Q4), selling 23,133 shares and leaving 18,778 shares worth about $2.33 million; several other institutional investors boosted positions and institutional ownership is 91.82%.
• Primoris beat quarterly estimates (EPS $1.08 vs. $0.95 est.; revenue $1.86B vs. $1.82B) and issued FY2026 guidance of 5.80–6.00 EPS, while analysts carry a consensus "Moderate Buy" rating with a $157 price target.
• The stock is trading near its 52-week high (opened $173.04; high $176.68), has a $9.38 billion market cap and a P/E of 34.4, and pays a $0.08 quarterly dividend (≈0.2% yield).

Teacher Retirement System of Texas reduced its stake in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) by 55.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,778 shares of the company's stock after selling 23,133 shares during the quarter. Teacher Retirement System of Texas' holdings in Primoris Services were worth $2,331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PRIM. State Street Corp increased its stake in Primoris Services by 2.6% in the 2nd quarter. State Street Corp now owns 1,320,947 shares of the company's stock worth $103,058,000 after buying an additional 33,399 shares during the period. American Century Companies Inc. boosted its position in Primoris Services by 69.6% in the 3rd quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock valued at $140,057,000 after buying an additional 418,374 shares during the period. Westfield Capital Management Co. LP grew its stake in Primoris Services by 44.8% in the 3rd 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 in the last quarter. Congress Asset Management Co. grew its stake in Primoris Services by 2.4% in the 4th quarter. Congress Asset Management Co. now owns 815,270 shares of the company's stock worth $101,208,000 after acquiring an additional 19,034 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Primoris Services by 136.0% during 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 period. 91.82% of the stock is currently owned by institutional investors.

Primoris Services Stock Performance

NYSE PRIM opened at $173.04 on Tuesday. 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 company's 50 day simple moving average is $151.58. Primoris Services Corporation has a 52-week low of $58.13 and a 52-week high of $176.68. The company has a market capitalization of $9.38 billion, a P/E ratio of 34.40 and a beta of 1.38.

Primoris Services (NYSE:PRIM - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. Primoris Services's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. On average, analysts forecast that Primoris Services Corporation will post 5.73 earnings per share for the current fiscal year.

Primoris Services Announces Dividend

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

Analysts Set New Price Targets

PRIM has been the subject of several research analyst reports. Wolfe Research began coverage on shares of Primoris Services in a research note on Thursday, April 9th. They set an "outperform" rating and a $183.00 price target for the company. Mizuho raised their price objective on Primoris Services from $128.00 to $143.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. The Goldman Sachs Group lifted their target price on Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a research report on Wednesday, January 28th. DA Davidson set a $180.00 target price on Primoris Services in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald set a $160.00 price target on Primoris Services and gave the stock a "neutral" rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Primoris Services presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

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.

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.