California Public Employees Retirement System Takes $14.21 Million Position in Primoris Services Corporation $PRIM

California Public Employees Retirement System bought a new position in shares of Primoris Services Corporation (NYSE:PRIM) during the 1st quarter, HoldingsChannel reports. The fund bought 99,353 shares of the company’s stock, valued at approximately $14,211,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its position in shares of Primoris Services by 327.8% during the fourth quarter. New York State Teachers Retirement System now owns 20,892 shares of the company’s stock valued at $2,594,000 after acquiring an additional 16,008 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in 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 worth $39,033,000 after purchasing an additional 301,532 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Primoris Services by 509.6% during the fourth quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock worth $41,800,000 after buying an additional 281,482 shares during the period. UBS Group AG grew its stake in shares of Primoris Services by 2.4% in the fourth quarter. UBS Group AG now owns 638,876 shares of the company’s stock valued at $79,310,000 after buying an additional 15,112 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Primoris Services during the 4th quarter worth approximately $1,116,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity at Primoris Services

In other news, insider John M. Perisich sold 29,707 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the sale, the director owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Primoris Services Stock Performance

Shares of PRIM stock opened at $86.59 on Friday. The company has a market cap of $4.70 billion, a P/E ratio of 19.07 and a beta of 1.41. The business has a 50 day moving average of $101.70 and a two-hundred day moving average of $131.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50.

Primoris Services (NYSE:PRIM) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.28). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, analysts anticipate that Primoris Services Corporation will post 1.87 EPS for the current year.

Primoris Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Primoris Services’s payout ratio is 7.05%.

Analyst Ratings Changes

PRIM has been the subject of a number of analyst reports. Guggenheim reiterated a “buy” rating and set a $162.00 target price on shares of Primoris Services in a research note on Tuesday, June 23rd. Mizuho cut their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. raised shares of Primoris Services from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. Oppenheimer assumed coverage on shares of Primoris Services in a report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, Zacks Research cut shares of Primoris Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.47.

Key Primoris Services News

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

• Negative Sentiment: Several firms, including Robbins Geller, Howard G. Smith, Schall, Rosen, Pomerantz, Bernstein Liebhard, DJS, Kirby McInerney, Bragar Eagel & Squire, and KSF, issued fresh notices about the Primoris securities class action and the September 21, 2026 lead-plaintiff deadline, keeping legal risk in focus for shareholders. Article Title
• Negative Sentiment: The lawsuit campaign suggests investors are still reacting to alleged securities-law violations, which can weigh on sentiment by increasing uncertainty, legal costs, and the risk of further disclosure-related headlines. Article Title
• Neutral Sentiment: J.P. Morgan reiterated a Buy rating on Primoris, offering some offsetting support, but the rating update was not enough to overshadow the litigation headlines. Article Title

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.