Incline Global Management LLC Acquires New Shares in Primoris Services Corporation $PRIM

Posted by Francis Steltz on Jun 18th, 2026

Incline Global Management LLC acquired a new stake in Primoris Services Corporation (NYSE:PRIM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 117,162 shares of the company’s stock, valued at approximately $14,544,000. Primoris Services makes up 5.0% of Incline Global Management LLC’s investment portfolio, making the stock its 5th largest position.

Other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in Primoris Services in the 4th quarter valued at approximately $33,000. Salomon & Ludwin LLC purchased a new position in Primoris Services in the 4th quarter valued at approximately $44,000. Cullen Frost Bankers Inc. increased its stake in Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC increased its stake in Primoris Services by 120.4% in the 4th quarter. GAMMA Investing LLC now owns 357 shares of the company’s stock valued at $44,000 after purchasing an additional 195 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Primoris Services in the 2nd quarter valued at approximately $34,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Primoris Services Price Performance

PRIM stock opened at $101.57 on Thursday. Primoris Services Corporation has a 52-week low of $73.62 and a 52-week high of $205.50. The stock’s fifty day simple moving average is $133.77 and its 200-day simple moving average is $138.87. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.37 and a beta of 1.36.

Primoris Services (NYSE:PRIM – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.28). Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.98 EPS. Primoris Services’s revenue for the quarter was down 5.4% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Equities research analysts expect that Primoris Services Corporation will post 4.55 EPS for the current year.

Primoris Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Primoris Services’s dividend payout ratio (DPR) is 7.05%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRIM. Wells Fargo & Company dropped their price objective on Primoris Services from $168.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 price objective on shares of Primoris Services in a research note on Monday. Needham & Company LLC dropped their price objective on Primoris Services from $205.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings downgraded Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.93.

View Our Latest Stock Analysis on PRIM

Insider Buying and Selling at Primoris Services

In other news, insider John M. Perisich sold 29,707 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 owned 14,941 shares in the company, valued at $1,779,323.69. This trade represents a 57.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

About Primoris Services

(Free Report)

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.