Great Lakes Advisors LLC Invests $1.42 Million in Primoris Services Corporation $PRIM

Great Lakes Advisors LLC purchased a new position in Primoris Services Corporation (NYSE:PRIM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,299 shares of the company’s stock, valued at approximately $1,417,000.

A number of other hedge funds also recently modified their holdings of PRIM. Global Retirement Partners LLC acquired a new stake in Primoris Services during the second quarter worth about $26,000. Harbour Investments Inc. acquired a new position in shares of Primoris Services in the 4th quarter valued at approximately $33,000. Root Financial Partners LLC raised its position in shares of 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 buying an additional 69 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Primoris Services during the 2nd quarter worth approximately $34,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Primoris Services during the 2nd quarter worth approximately $36,000. Institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

PRIM has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating and issued a $100.00 price objective on shares of Primoris Services in a research note on Monday, July 20th. Weiss Ratings cut Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Primoris Services from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 target price on shares of Primoris Services in a report on Monday, June 15th. Finally, 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 note on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Trending Headlines about Primoris Services

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

• Neutral Sentiment: Several law firms are notifying shareholders who purchased Primoris securities between August 5, 2025, and June 22, 2026, about the lawsuit and the opportunity to apply to lead the case. The notices are largely investor-solicitation announcements and do not represent separate lawsuits or new company disclosures. Kaplan Fox class-action deadline notice
• Negative Sentiment: The complaint alleges that Primoris made material misstatements or omissions regarding the costs and risks of significant fixed-price renewable-energy projects. Investors are also citing alleged project cost overruns that undermined the company’s February 2026 adjusted EPS and adjusted EBITDA outlook. Primoris securities-fraud lawsuit summary
• Negative Sentiment: The lawsuit materials point to a reported $23.39-per-share decline on June 23, 2026, after Primoris sharply reduced guidance. The allegations remain unproven, but the litigation creates potential legal costs, financial liability, and reputational risk for Primoris Services Corporation (PRIM).

Primoris Services Stock Performance

Primoris Services stock opened at $77.17 on Friday. The business has a 50 day moving average of $88.27 and a 200-day moving average of $123.47. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $4.15 billion, a P/E ratio of 30.26 and a beta of 1.43.

Primoris Services (NYSE:PRIM) last posted its 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. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. On average, equities research analysts predict that Primoris Services Corporation will post 1.76 earnings per share for the current year.

Primoris Services Dividend Announcement

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

Insiders Place Their Bets

In other Primoris Services news, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the transaction, the director directly owned 14,941 shares of the company’s stock, valued at approximately $1,779,323.69. The trade was a 57.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John M. Perisich sold 29,707 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 27,574 shares in the company, valued at $3,525,611.64. This trade represents a 51.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.