Tudor Investment Corp ET AL Has $1.44 Million Stake in Primoris Services Corporation $PRIM

Tudor Investment Corp ET AL trimmed its position in shares of Primoris Services Corporation (NYSE:PRIM) by 37.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,502 shares of the company’s stock after selling 6,389 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Primoris Services were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Primoris Services during the third quarter worth approximately $1,726,000. J.W. Cole Advisors Inc. acquired a new position in shares of Primoris Services during the third quarter worth approximately $1,193,000. Leuthold Group LLC raised its position in shares of Primoris Services by 1,350.3% during the third quarter. Leuthold Group LLC now owns 48,947 shares of the company’s stock worth $6,722,000 after purchasing an additional 45,572 shares during the period. Federated Hermes Inc. raised its position in Primoris Services by 3.5% in the 3rd quarter. Federated Hermes Inc. now owns 359,876 shares of the company’s stock valued at $49,422,000 after buying an additional 12,091 shares during the last quarter. Finally, Vest Financial LLC raised its position in Primoris Services by 96.9% in the 3rd quarter. Vest Financial LLC now owns 29,836 shares of the company’s stock valued at $4,097,000 after buying an additional 14,685 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Guggenheim increased their price target on Primoris Services from $170.00 to $184.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Primoris Services in a research report on Tuesday, January 20th. Wells Fargo & Company increased their price target on Primoris Services from $138.00 to $168.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. increased their price target on Primoris Services from $165.00 to $171.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Finally, Mizuho increased their price target on Primoris Services from $128.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.31.

Primoris Services Price Performance

Shares of NYSE:PRIM opened at $161.37 on Monday. The company has a market cap of $8.75 billion, a P/E ratio of 32.08 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The company has a fifty day simple moving average of $149.80. Primoris Services Corporation has a 1 year low of $53.13 and a 1 year high of $174.43.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Primoris Services’s dividend payout ratio is presently 6.36%.

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.