Vanguard Group Inc. Purchases 466,192 Shares of Primoris Services Corporation $PRIM

Key Points

• Vanguard Group Inc. increased its holding in Primoris by 7.8% in Q4, buying 466,192 shares to own 6,479,466 shares—about 11.99% of the company, valued at roughly $804.36 million.
• Primoris beat Q4 estimates with $1.08 EPS vs. $0.95 expected and $1.86B revenue vs. $1.82B expected, set FY2026 guidance of $5.80–6.00 EPS (sell‑side consensus ~5.73), and trades at a PE of 35.8 with a market cap of $9.76B and an average analyst target of $157 ("Moderate Buy").

Vanguard Group Inc. lifted its position in Primoris Services Corporation (NYSE:PRIM - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,479,466 shares of the company's stock after buying an additional 466,192 shares during the quarter. Vanguard Group Inc. owned about 11.99% of Primoris Services worth $804,361,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Primoris Services by 9.7% in the 3rd quarter. Assetmark Inc. now owns 953 shares of the company's stock valued at $131,000 after buying an additional 84 shares in the last quarter. CWM LLC grew its stake in shares of Primoris Services by 1.1% in the 4th quarter. CWM LLC now owns 8,970 shares of the company's stock valued at $1,114,000 after buying an additional 96 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Primoris Services by 5.5% in the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company's stock valued at $284,000 after buying an additional 108 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Primoris Services by 0.4% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 32,308 shares of the company's stock valued at $4,437,000 after buying an additional 124 shares in the last quarter. Finally, Ethic Inc. grew its stake in shares of Primoris Services by 4.3% in the 3rd quarter. Ethic Inc. now owns 3,163 shares of the company's stock valued at $434,000 after buying an additional 131 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Primoris Services Stock Down 0.6%

Shares of Primoris Services stock opened at $180.01 on Friday. The company has a market capitalization of $9.76 billion, a PE ratio of 35.79 and a beta of 1.50. 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's 50 day moving average is $152.12. Primoris Services Corporation has a 12-month low of $63.36 and a 12-month high of $184.00.

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

Primoris Services Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is currently 6.36%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Mizuho boosted their price target on Primoris Services from $128.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. The Goldman Sachs Group upped their target price on Primoris Services from $117.00 to $133.00 and gave the stock a "sell" rating in a research report on Wednesday, January 28th. 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 report on Wednesday, February 25th. JPMorgan Chase & Co. upped their target price on Primoris Services from $165.00 to $171.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Primoris Services in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.

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.