Corient Private Wealth LP Acquires New Shares in Primoris Services Corporation $PRIM

Corient Private Wealth LP bought a new stake in shares of Primoris Services Corporation (NYSE:PRIM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,560 shares of the company’s stock, valued at approximately $3,525,000.

Several other institutional investors have also recently made changes to their positions in PRIM. NewEdge Advisors LLC grew its position in shares of Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock valued at $43,000 after purchasing an additional 194 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Primoris Services by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 493,594 shares of the company’s stock worth $28,337,000 after purchasing an additional 33,934 shares in the last quarter. Caxton Associates LLP bought 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 boosted its stake in Primoris Services by 25.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,090 shares of the company’s stock worth $9,650,000 after purchasing an additional 33,818 shares during the period. Finally, M&T Bank Corp purchased a new position in Primoris Services during the 2nd quarter valued at about $274,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

PRIM has been the topic of several analyst reports. Guggenheim decreased their price target on Primoris Services from $162.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a report on Monday, June 15th. Weiss Ratings cut shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group raised shares of Primoris Services from a “sell” rating to a “neutral” rating and cut their price target for the company from $107.00 to $102.00 in a report on Thursday, June 25th. Finally, Roth Capital restated a “buy” rating and set a $100.00 price target on shares of Primoris Services in a research report on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Primoris Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.27.

Key Stories Impacting Primoris Services

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

• Positive Sentiment: Primoris announced the appointment of James A. Greer and Oscar K. Brown to its board, effective October 1. The additions expand the board to 10 members and bring experienced energy-industry leadership, potentially strengthening oversight and governance. Primoris board appointments
• Neutral Sentiment: Several law firms issued substantially similar notices about the same securities class action, creating a September 21, 2026 deadline for investors to seek appointment as lead plaintiff. The repeated announcements do not represent separate confirmed lawsuits, but they increase the issue’s visibility. Primoris investor deadline notice
• Negative Sentiment: The class action alleges that Primoris failed to accurately estimate costs, forecast costs to complete, and oversee renewable-energy projects. The investor alerts link these alleged issues to repeated project-cost disclosures and a sharp reduction in guidance, including a reported $23.39 per-share decline. If the claims proceed, Primoris could face legal expenses, potential damages, and further scrutiny of project execution and internal controls. Primoris shareholder class action alert

Primoris Services Stock Up 0.0%

Shares of NYSE:PRIM opened at $72.14 on Wednesday. The firm has a market capitalization of $3.88 billion, a PE ratio of 28.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. Primoris Services Corporation has a 52-week low of $65.00 and a 52-week high of $205.50. The firm has a fifty day moving average of $84.68 and a 200 day moving average of $119.22.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.Primoris Services’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. As a group, research analysts anticipate that Primoris Services Corporation will post 1.76 EPS for the current fiscal year.

Primoris Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is presently 12.55%.

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.