Dana Investment Advisors Inc. Sells 8,853 Shares of Primoris Services Corporation $PRIM

Dana Investment Advisors Inc. reduced its position in Primoris Services Corporation (NYSE:PRIM) by 8.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,435 shares of the company’s stock after selling 8,853 shares during the period. Dana Investment Advisors Inc.’s holdings in Primoris Services were worth $12,096,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Primoris Services by 9.7% in the 3rd quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $131,000 after buying an additional 84 shares in the last quarter. CWM LLC boosted its holdings in shares of Primoris Services by 1.1% in the 4th quarter. CWM LLC now owns 8,970 shares of the company’s stock valued at $1,114,000 after buying an additional 96 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Primoris Services by 5.5% in the 3rd quarter. NewEdge Advisors LLC now owns 2,071 shares of the company’s stock valued at $284,000 after purchasing an additional 108 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Primoris Services by 224.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock valued at $29,000 after purchasing an additional 148 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Primoris Services by 31.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 634 shares of the company’s stock valued at $87,000 after purchasing an additional 150 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Primoris Services Stock Performance

PRIM opened at $113.59 on Friday. Primoris Services Corporation has a 12-month low of $68.52 and a 12-month high of $205.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.16 billion, a PE ratio of 25.02 and a beta of 1.50. The firm has a 50 day moving average of $146.19 and a two-hundred day moving average of $141.05.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.73 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s quarterly revenue 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. On average, analysts anticipate that Primoris Services Corporation will post 4.49 EPS for the current year.

Primoris Services Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on PRIM. Needham & Company LLC decreased their price objective on shares of Primoris Services from $205.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, May 8th. DA Davidson set a $180.00 price objective on shares of Primoris Services in a research report on Wednesday, February 25th. Guggenheim increased their price objective on shares of Primoris Services from $184.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wells Fargo & Company decreased their price objective on shares of Primoris Services from $168.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Mizuho raised shares of Primoris Services from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $175.00 to $135.00 in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Primoris Services presently has an average rating of “Moderate Buy” and a consensus price target of $158.60.

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.