Nissay Asset Management Corp Japan Takes Position in Primoris Services Corporation $PRIM

Nissay Asset Management Corp Japan acquired a new position in Primoris Services Corporation (NYSE:PRIM) during the 2nd quarter, Holdings Channel reports. The firm acquired 17,553 shares of the company’s stock, valued at approximately $1,740,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in Primoris Services by 148.7% during the second quarter. Wellington Management Group LLP now owns 4,675,487 shares of the company’s stock valued at $463,434,000 after buying an additional 2,795,887 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Primoris Services during the 2nd quarter worth $144,000. Fox Hill Wealth Management purchased a new position in shares of Primoris Services during the 2nd quarter worth $479,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of Primoris Services during the 2nd quarter worth $3,482,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Primoris Services during the 2nd quarter valued at $998,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded Primoris Services from a “sell” rating to a “neutral” rating and lowered their target price for the company from $107.00 to $102.00 in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised Primoris Services from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. Oppenheimer started coverage on Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price objective on the stock. Zacks Research upgraded Primoris Services from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Guggenheim reduced their target price on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.27.

More Primoris Services News

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 Performance

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

Primoris Services (NYSE:PRIM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Primoris Services Corporation will post 1.76 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

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

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.