Van Berkom & Associates Inc. Has $71.10 Million Holdings in Primoris Services Corporation $PRIM

Key Points

• Van Berkom & Associates cut its stake in Primoris by 10.4% in Q4, selling 66,258 shares and now holds 572,721 shares worth about $71.10 million (1.06% of the company).
• Multiple large investors added to positions—Vanguard now owns 6,479,466 shares (~$804.4M) and others including American Century, Wellington, Mackenzie and MFS substantially increased holdings—leaving institutional ownership at 91.82%.
• Primoris reported Q earnings of $1.08 EPS (vs. $0.95 est.) and $1.86B revenue (+6.7% YoY), set FY2026 guidance of 5.800–6.000 EPS, and carries a market cap of about $10.09 billion with a 12‑month high of $187.10.

Van Berkom & Associates Inc. lowered its position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 572,721 shares of the company's stock after selling 66,258 shares during the quarter. Van Berkom & Associates Inc. owned 1.06% of Primoris Services worth $71,098,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PRIM. Vanguard Group Inc. raised its holdings in shares of Primoris Services by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 6,479,466 shares of the company's stock valued at $804,361,000 after acquiring an additional 466,192 shares during the period. American Century Companies Inc. raised its holdings in shares of Primoris Services by 69.6% during 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 period. Wellington Management Group LLP raised its holdings 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 valued at $91,185,000 after acquiring an additional 382,597 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Primoris Services by 1,093.2% during the third quarter. Mackenzie Financial Corp now owns 380,340 shares of the company's stock valued at $52,232,000 after acquiring an additional 348,465 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $39,033,000 after acquiring an additional 301,532 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Primoris Services Stock Performance

Primoris Services stock opened at $186.12 on Tuesday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 37.00 and a beta of 1.50. 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 has a 50 day moving average of $152.12. Primoris Services Corporation has a twelve month low of $63.36 and a twelve month high of $187.10.

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 for the quarter, beating the consensus estimate of $0.95 by $0.13. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS. Equities analysts anticipate that Primoris Services Corporation will post 5.73 EPS for the current fiscal year.

Primoris Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PRIM shares. DA Davidson set a $180.00 price target on shares of Primoris Services in a report on Wednesday, February 25th. Cantor Fitzgerald set a $160.00 price target on shares of Primoris Services and gave the company a "neutral" rating in a report on Tuesday, February 24th. The Goldman Sachs Group boosted 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 boosted their price target on shares of Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. Finally, Wells Fargo & Company upped their price objective on shares of Primoris Services from $138.00 to $168.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $159.25.

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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