Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Primoris Services Corporation (NYSE:PRIM - Free Report) by 31.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,540 shares of the company's stock after buying an additional 16,802 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Primoris Services worth $8,635,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRIM. SBI Securities Co. Ltd. boosted its holdings in Primoris Services by 224.2% in the third quarter. SBI Securities Co. Ltd. now owns 214 shares of the company's stock valued at $29,000 after purchasing an additional 148 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Primoris Services during the 2nd quarter valued at approximately $34,000. Blue Bell Private Wealth Management LLC purchased a new stake in Primoris Services during the 3rd quarter worth approximately $37,000. Cullen Frost Bankers Inc. purchased a new stake in Primoris Services during the 3rd quarter worth approximately $37,000. Finally, McIlrath & Eck LLC raised its position in shares of Primoris Services by 109.8% in the 3rd quarter. McIlrath & Eck LLC now owns 277 shares of the company's stock valued at $38,000 after purchasing an additional 145 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.
Primoris Services Stock Up 0.0%
Shares of NYSE PRIM opened at $171.61 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $151.44. 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 $9.31 billion, a PE ratio of 34.12 and a beta of 1.38.
Primoris Services (NYSE:PRIM - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the prior year, the firm earned $1.13 EPS. The business's quarterly revenue was up 6.7% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. As a group, equities research analysts expect that Primoris Services Corporation will post 5.73 earnings per share for the current year.
Primoris Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.08 per share. 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 payout ratio is 6.36%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on PRIM shares. Zacks Research cut Primoris Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 31st. JPMorgan Chase & Co. lifted their price target on shares of Primoris Services from $165.00 to $171.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. The Goldman Sachs Group upped their price target on shares of Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a report on Wednesday, January 28th. Mizuho increased their price objective on shares of Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. Finally, UBS Group raised their price objective on shares of Primoris Services from $165.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.
Check Out Our Latest Analysis on Primoris Services
Primoris Services Profile
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Free Report)
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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