Strs Ohio Grows Position in Primoris Services Corporation $PRIM

Posted by Brian Himes on Jul 6th, 2026

Strs Ohio grew its holdings in shares of Primoris Services Corporation (NYSE:PRIM – Free Report) by 22.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,200 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Strs Ohio’s holdings in Primoris Services were worth $6,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PRIM. Harbour Investments Inc. bought a new position in shares of Primoris Services in the fourth quarter worth approximately $33,000. Root Financial Partners LLC lifted its position in Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in Primoris Services during the second quarter valued at approximately $34,000. Cullen Frost Bankers Inc. grew 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 worth $43,000 after buying an additional 81 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Primoris Services by 34.5% in the 1st quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock worth $43,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Primoris Services Price Performance

Shares of Primoris Services stock opened at $88.08 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.28. Primoris Services Corporation has a 52-week low of $65.00 and a 52-week high of $205.50. The company has a fifty day moving average of $117.66 and a 200-day moving average of $136.05. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 19.40 and a beta of 1.41.

Primoris Services (NYSE:PRIM – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.59 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 analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.Primoris Services’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Equities research analysts expect that Primoris Services Corporation will post 1.88 EPS for the current year.

Primoris Services Dividend Announcement

The business 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 $0.08 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Primoris Services’s payout ratio is currently 7.05%.

Insider Transactions at Primoris Services

In other news, insider John M. Perisich sold 29,707 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was 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 of the company’s stock, valued at approximately $3,525,611.64. The trade was a 51.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Lee King sold 20,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were 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 of the company’s stock, valued at $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PRIM. KeyCorp restated a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Zacks Research cut Primoris Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Needham & Company LLC lowered their price target on Primoris Services from $205.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wolfe Research restated an “outperform” rating and set a $149.00 price target on shares of Primoris Services in a research report on Monday, June 15th. Finally, The Goldman Sachs Group raised Primoris Services from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $107.00 to $102.00 in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.79.

View Our Latest Stock Report on PRIM

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.