Primoris Services Corporation $PRIM Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its holdings in Primoris Services Corporation (NYSE:PRIM) by 904.8% during the 2nd quarter, Holdings Channel reports. The firm owned 198,000 shares of the company’s stock after buying an additional 178,294 shares during the quarter. Raiffeisen Bank International AG’s holdings in Primoris Services were worth $19,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PRIM. Global Retirement Partners LLC acquired a new position in shares of Primoris Services during the 2nd quarter worth approximately $26,000. Harbour Investments Inc. acquired a new stake in Primoris Services in the 4th quarter valued at $33,000. Root Financial Partners LLC grew its stake in Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after acquiring an additional 69 shares during the period. Osterweis Capital Management Inc. purchased a new stake in Primoris Services in the 2nd quarter worth $34,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Primoris Services in the 2nd quarter worth $36,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $73.44 on Friday. The firm has a 50-day simple moving average of $83.89 and a 200-day simple moving average of $117.94. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 28.80 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.68 earnings per share. Primoris Services’s quarterly revenue was down 10.7% on a year-over-year basis. On average, equities analysts predict that Primoris Services Corporation will post 1.76 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PRIM shares. Wall Street Zen downgraded shares of Primoris Services from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Roth Capital reissued a “buy” rating and set a $100.00 target price on shares of Primoris Services in a research note on Monday, July 20th. Needham & Company LLC reduced their price target on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, July 13th. The Goldman Sachs Group raised shares of Primoris Services from a “sell” rating to a “neutral” rating and decreased their price target for the company from $107.00 to $102.00 in a research note on Thursday, June 25th. Finally, Zacks Research upgraded Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services News Summary

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

• Negative Sentiment: The lawsuit alleges that Primoris failed to adequately disclose risks associated with fixed-price renewable-energy projects, including cost overruns and deteriorating margins across six projects. The complaint reportedly claims that subsequent disclosures led to a decline of approximately $23.39 per share and may have violated federal securities laws. These allegations have not been proven. PRIM Shareholder Alert
• Negative Sentiment: A wave of investor notices from Kaplan Fox, Bragar Eagel & Squire, Pomerantz, Rosen, Levi & Korsinsky, Bernstein Liebhard, Kahn Swick & Foti and other firms is increasing visibility around the litigation and potential disclosure concerns. Kaplan Fox investor alert
• Negative Sentiment: The proposed class covers investors who purchased Primoris shares between August 5, 2025, and June 22, 2026. Although the notices are largely promotional and do not establish additional liability, ongoing litigation creates legal, financial and reputational uncertainty for shareholders. Bragar Eagel & Squire investor notice

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.