UBS Group AG Buys 15,112 Shares of Primoris Services Corporation $PRIM

Key Points

• UBS Group AG increased its stake in Primoris by 2.4%, buying 15,112 shares to hold 638,876 shares (about 1.18%) valued at $79.31 million at the end of the quarter.
• Several large institutions—most notably Vanguard (+466,192 shares), American Century, Wellington, Mackenzie and MFS—also substantially increased positions, leaving institutional ownership at ~91.82%.
• Primoris delivered an earnings beat (EPS $1.08 vs. $0.95) and revenue beat, set FY2026 guidance of 5.80–6.00 EPS (analysts ~5.73), and its stock trades near a 1‑year high (~$184) with a market cap around $9.76B.

UBS Group AG grew its stake in Primoris Services Corporation (NYSE:PRIM - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,876 shares of the company's stock after buying an additional 15,112 shares during the period. UBS Group AG owned approximately 1.18% of Primoris Services worth $79,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Primoris Services by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company's stock worth $804,361,000 after acquiring an additional 466,192 shares during the last quarter. American Century Companies Inc. increased its stake in Primoris Services by 69.6% in the third quarter. American Century Companies Inc. now owns 1,019,856 shares of the company's stock valued at $140,057,000 after acquiring an additional 418,374 shares during the last quarter. Wellington Management Group LLP raised its position in Primoris Services by 136.0% during the third quarter. Wellington Management Group LLP now owns 663,985 shares of the company's stock valued at $91,185,000 after purchasing an additional 382,597 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Primoris Services by 1,093.2% during the third quarter. Mackenzie Financial Corp now owns 380,340 shares of the company's stock worth $52,232,000 after purchasing an additional 348,465 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Primoris Services by 2,338.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 314,426 shares of the company's stock worth $39,033,000 after purchasing an additional 301,532 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Primoris Services Price Performance

Shares of PRIM stock opened at $180.01 on Monday. The firm's 50-day moving average is $152.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. Primoris Services Corporation has a 1-year low of $63.36 and a 1-year high of $184.00. The stock has a market cap of $9.76 billion, a PE ratio of 35.79 and a beta of 1.50.

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

Primoris Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.08 dividend. The ex-dividend date 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 presently 6.36%.

Wall Street Analyst Weigh In

PRIM has been the topic of several recent research reports. Wolfe Research initiated coverage on Primoris Services in a research report on Thursday, April 9th. They set an "outperform" rating and a $183.00 price objective on the stock. Guggenheim boosted their target price on Primoris Services from $184.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. UBS Group upped their target price on Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. DA Davidson set a $180.00 price target on shares of Primoris Services in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Primoris Services in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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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