Hsbc Holdings PLC Acquires 10,361 Shares of Primoris Services Corporation $PRIM

Hsbc Holdings PLC boosted its stake in shares of Primoris Services Corporation (NYSE:PRIM) by 97.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,047 shares of the company’s stock after purchasing an additional 10,361 shares during the quarter. Hsbc Holdings PLC’s holdings in Primoris Services were worth $3,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. bought a new position in Primoris Services during the fourth quarter valued at about $33,000. Root Financial Partners LLC boosted its stake in Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Primoris Services in the 2nd quarter valued at $34,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after acquiring an additional 81 shares during the period. Finally, NewEdge Advisors LLC increased its stake in 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 acquiring an additional 194 shares during the period. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PRIM. Roth Capital reissued a “buy” rating and issued a $100.00 target price on shares of Primoris Services in a report on Monday, July 20th. Needham & Company LLC dropped their target price 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. Weiss Ratings cut shares of Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Wells Fargo & Company decreased their price target on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 23rd. Finally, Mizuho reduced their price objective on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.47.

Primoris Services News Roundup

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

Insider Activity at Primoris Services

In other Primoris Services news, insider John M. Perisich sold 29,707 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the sale, the insider directly owned 27,574 shares in the company, valued at approximately $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Lee King sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the sale, the director directly owned 14,941 shares in the company, valued at $1,779,323.69. The trade was a 57.24% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Primoris Services Stock Down 4.5%

Shares of NYSE PRIM opened at $86.59 on Friday. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. The firm’s 50-day moving average is $101.70 and its 200-day moving average is $131.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.70 billion, a PE ratio of 19.07 and a beta of 1.41.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.28). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.73 billion. Primoris Services had a net margin of 3.31% and a return on equity of 16.48%. Primoris Services’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Equities analysts expect that Primoris Services Corporation will post 1.87 EPS for the current year.

Primoris Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.32 annualized dividend and a yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is presently 7.05%.

About Primoris Services

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.