JPMorgan Chase & Co. Purchases 85,044 Shares of Primoris Services Co. $PRIM

JPMorgan Chase & Co. grew its holdings in shares of Primoris Services Co. (NASDAQ:PRIM) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 486,200 shares of the construction company’s stock after purchasing an additional 85,044 shares during the period. JPMorgan Chase & Co.’s holdings in Primoris Services were worth $66,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in shares of Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the construction company’s stock worth $43,000 after buying an additional 194 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Primoris Services by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the construction company’s stock worth $28,337,000 after acquiring an additional 33,934 shares during the period. Caxton Associates LLP acquired a new position in Primoris Services in the 1st quarter worth about $268,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Primoris Services by 25.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the construction company’s stock valued at $9,650,000 after buying an additional 33,818 shares in the last quarter. Finally, Ethic Inc. purchased a new position in Primoris Services during the second quarter valued at $243,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Stock Performance

Shares of PRIM stock opened at $151.40 on Wednesday. Primoris Services Co. has a 52 week low of $49.10 and a 52 week high of $174.43. The stock has a market capitalization of $8.18 billion, a PE ratio of 50.13 and a beta of 1.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $144.43 and a two-hundred day moving average of $132.97.

Primoris Services (NASDAQ:PRIM) last issued its quarterly earnings results on Monday, February 23rd. The construction company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.13. Primoris Services had a return on equity of 15.23% and a net margin of 2.68%.The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business earned $1.13 EPS. Primoris Services’s 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. On average, research analysts predict that Primoris Services Co. will post 3.26 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Primoris Services’s payout ratio is presently 6.31%.

Insider Activity

In other news, Director John P. Schauerman sold 7,815 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $136.00, for a total value of $1,062,840.00. Following the transaction, the director owned 74,466 shares in the company, valued at approximately $10,127,376. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carla S. Mashinski sold 2,082 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $135.14, for a total transaction of $281,361.48. Following the completion of the transaction, the director owned 21,530 shares in the company, valued at $2,909,564.20. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Primoris Services News Summary

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

• Positive Sentiment: Q4 beat and revenue upside — Primoris reported $1.08 EPS vs. $0.95 expected and revenue of $1.86B (vs. $1.82B est.), showing revenue growth and margin resilience. This fundamental beat supports the company’s valuation and longer-term thesis. Zacks: Q4 Results
• Positive Sentiment: Record backlog and sector tailwinds — Management highlighted a record ~$11.9B backlog and growth in energy markets, which supports multi-year revenue visibility and the company’s long-cycle project pipeline. MSN: Backlog & Guidance
• Positive Sentiment: Dividend declared — Board approved a $0.08 quarterly cash dividend (ex-dividend Mar 31), a modest return of capital that can help support investor sentiment and income-focused holders. TipRanks: Dividend
• Neutral Sentiment: Mixed/updated FY2026 guidance reports — Company-released FY2026 EPS guidance has appeared in market write-ups in different ranges (one outlet citing $5.80–$6.00, another $5.35–$5.55). The discrepancy has created ambiguity that can drive intra-day volatility while investors parse management comments on the earnings call. (See earnings call transcript for detail.) Earnings Transcript
• Neutral Sentiment: Earnings call transparency — Transcripts from the Q4 call are available and will be the feedstock for analysts refining models; clarity on margins, backlog conversion and energy-market assumptions will affect near-term estimates. Seeking Alpha: Call Transcript
• Negative Sentiment: Legal / litigation uncertainty — A storm-restoration lawsuit involving FirstEnergy was transferred to federal court in Ohio, adding legal uncertainty and potential cost/distraction that investors may view as a risk to near-term cash flow or margins. Shore News Network: Lawsuit Transfer
• Negative Sentiment: Price reaction and elevated volume — Despite the beat and backlog, the stock is down on higher-than-normal volume; factors likely include guidance confusion, profit-taking after a run-up (12‑month high near $174), and at least one analyst price target that sits below current levels. Benzinga: Analyst Note

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRIM. The Goldman Sachs Group raised their target price on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. Wells Fargo & Company began coverage on shares of Primoris Services in a report on Friday, November 14th. They issued an “equal weight” rating and a $138.00 price objective for the company. Guggenheim raised shares of Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Tuesday, January 13th. Mizuho set a $129.00 target price on Primoris Services in a research note on Tuesday, October 28th. Finally, Needham & Company LLC restated a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Primoris Services has a consensus rating of “Moderate Buy” and an average price target of $144.93.

Primoris Services Profile

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.