Yousif Capital Management LLC Buys New Position in Primoris Services Corporation $PRIM

Key Points

• Yousif Capital Management LLC opened a new position in Primoris Services (PRIM) in Q4, buying 14,839 shares worth about $1.84 million, and institutional investors now own roughly 91.82% of the stock.
• Primoris beat Q4 estimates with EPS of $1.08 versus $0.95 and revenue of $1.86B, issued FY2026 guidance of $5.80–$6.00 EPS, and declared a $0.08 quarterly dividend (annualized $0.32, ~0.2% yield).
• Analysts are broadly positive with a consensus rating of “Moderate Buy” and an average target of $156.31 while several firms raised targets (e.g., Guggenheim to $184); PRIM trades near $164.15 with a market cap of about $8.9B and a 1‑year high of $174.43.

Yousif Capital Management LLC bought a new position in shares of Primoris Services Corporation (NYSE:PRIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,839 shares of the company's stock, valued at approximately $1,842,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Primoris Services by 2.6% during the 2nd quarter. State Street Corp now owns 1,320,947 shares of the company's stock valued at $103,058,000 after acquiring an additional 33,399 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 purchasing an additional 418,374 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Primoris Services by 44.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 947,308 shares of the company's stock worth $130,094,000 after purchasing an additional 293,085 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Primoris Services by 2.4% during the 4th quarter. Congress Asset Management Co. now owns 815,270 shares of the company's stock worth $101,208,000 after purchasing an additional 19,034 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Primoris Services by 136.0% in the 3rd quarter. Wellington Management Group LLP now owns 663,985 shares of the company's stock valued at $91,185,000 after buying an additional 382,597 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PRIM has been the subject of a number of research analyst reports. Guggenheim boosted their target price on Primoris Services from $170.00 to $184.00 and gave the company a "buy" rating in a research report on Wednesday, April 1st. Wolfe Research began coverage on Primoris Services in a research report on Thursday, April 9th. They set an "outperform" rating and a $183.00 target price on the stock. Wells Fargo & Company upped their target price on Primoris Services from $138.00 to $168.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. Zacks Research downgraded shares of Primoris Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Finally, The Goldman Sachs Group lifted their price target on shares of Primoris Services from $117.00 to $133.00 and gave the company a "sell" rating in a research report on Wednesday, January 28th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.31.

Primoris Services Price Performance

NYSE PRIM opened at $164.15 on Tuesday. Primoris Services Corporation has a 1 year low of $53.13 and a 1 year high of $174.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 32.63 and a beta of 1.38. The business has a fifty day moving average price of $150.05.

Primoris Services (NYSE:PRIM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a net margin of 3.63% and a return on equity of 18.67%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Primoris Services's dividend payout ratio (DPR) is presently 6.36%.

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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