Value Holdings Management CO. LLC Invests $39.59 Million in Primoris Services Corporation $PRIM

Key Points

• Value Holdings Management acquired 399,443 Primoris Services shares worth approximately $39.6 million, making PRIM its fifth-largest portfolio holding and representing about 6.6% of its portfolio.
• Analysts maintain a generally positive outlook, with 11 Buy, five Hold and one Sell ratings and a consensus price target of $132.27. However, recent targets have been lowered, while the stock was trading near $79 after a weak quarter in which revenue fell 10.7% year over year.
• Primoris faces heightened scrutiny over alleged misstatements involving renewable-energy project costs and controls, alongside a securities lawsuit deadline of September 21, 2026; the allegations have not been proven. Insiders also recently sold significant portions of their holdings.

Value Holdings Management CO. LLC purchased a new stake in Primoris Services Corporation (NYSE:PRIM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 399,443 shares of the company's stock, valued at approximately $39,593,000. Primoris Services comprises approximately 6.6% of Value Holdings Management CO. LLC's portfolio, making the stock its 5th largest holding. Value Holdings Management CO. LLC owned 0.74% of Primoris Services as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PRIM. Root Financial Partners LLC raised its position in Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company's stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Primoris Services during the second quarter worth about $26,000. Harbour Investments Inc. bought a new stake in shares of Primoris Services during the fourth quarter worth about $33,000. Salomon & Ludwin LLC bought a new stake in shares of Primoris Services during the fourth quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company's stock valued at $43,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

PRIM has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Primoris Services from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $105.00 to $116.00 in a report on Monday, June 29th. Needham & Company LLC decreased their price target on shares of Primoris Services from $188.00 to $172.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Wall Street Zen downgraded shares of Primoris Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 27th. The Goldman Sachs Group upgraded Primoris Services from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Finally, Guggenheim lowered their target price on Primoris Services from $162.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $132.27.

Insider Transactions at Primoris Services

In related news, insider John M. Perisich sold 29,707 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the sale, the insider owned 27,574 shares of the company's stock, valued at $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the completion of the sale, the director owned 14,941 shares of the company's stock, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Primoris Services Trading Down 1.1%

NYSE:PRIM opened at $79.03 on Friday. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. The firm's fifty day moving average is $88.70 and its 200-day moving average is $123.80. The firm has a market cap of $4.25 billion, a P/E ratio of 30.99 and a beta of 1.43.

Primoris Services (NYSE:PRIM - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.08. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. Primoris Services's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. Equities analysts expect that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Primoris Services's dividend payout ratio (DPR) is 12.55%.

Key Stories Impacting Primoris Services

Here are the key news stories impacting Primoris Services this week:

• Negative Sentiment: The lawsuit alleges that Primoris made material misstatements or omissions about the costs, risks, estimating practices and project controls associated with significant fixed-price renewable-energy projects. Investors who purchased shares between August 5, 2025, and June 22, 2026, may seek lead-plaintiff status by September 21. Primoris Securities Fraud Class Action Lawsuit Filed
• Negative Sentiment: Several notices link the allegations to Primoris’ February 2026 outlook for adjusted EPS and adjusted EBITDA, claiming that known renewable-project cost overruns undermined that guidance. The notices cite a subsequent $23.39-per-share decline on June 23 after the company sharply reduced its outlook. PRIM Upcoming Deadline Notice
• Negative Sentiment: Investor-rights firms also say Primoris’ newly released second-quarter 2026 results and earnings call intensified scrutiny of the company’s renewable-project execution and financial outlook. The litigation creates potential legal costs, reputational damage and uncertainty around the profitability of fixed-price projects. Primoris Q2 Investor Alert
• Neutral Sentiment: The numerous August 19–20 announcements are largely duplicative reminders from different law firms seeking potential clients; they do not establish that Primoris committed wrongdoing. The case remains an allegation, and the September 21 deadline is procedural rather than a judgment against the company. Prim Investor Deadline Announcement

Primoris Services 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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