Grandeur Peak Global Advisors LLC Purchases New Stake in Primoris Services Corporation $PRIM

Grandeur Peak Global Advisors LLC acquired a new position in shares of Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 722,440 shares of the company’s stock, valued at approximately $3,482,000.

A number of other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Primoris Services in the 2nd quarter valued at approximately $26,000. Harbour Investments Inc. acquired a new stake in shares of Primoris Services during the 4th quarter worth approximately $33,000. Root Financial Partners LLC boosted its position in shares of Primoris Services by 43.1% during the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in Primoris Services in the second quarter valued at approximately $34,000. Finally, Persistent Asset Partners Ltd bought a new position in Primoris Services in the second quarter valued at approximately $36,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Primoris Services Trading Down 1.5%

Shares of Primoris Services stock opened at $77.00 on Friday. The firm’s 50 day moving average is $86.23 and its 200 day moving average is $121.13. The firm has a market capitalization of $4.14 billion, a PE ratio of 30.19 and a beta of 1.43. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s revenue was down 10.7% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Primoris Services’s dividend payout ratio (DPR) is 12.55%.

Wall Street Analysts Forecast Growth

PRIM has been the subject of several research analyst reports. KeyCorp restated a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Oppenheimer started coverage on Primoris Services in a report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 target price on the stock. Cantor Fitzgerald lifted their price target on Primoris Services from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wolfe Research reissued an “outperform” rating and set a $149.00 price target on shares of Primoris Services in a report on Monday, June 15th. Finally, UBS Group restated a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Primoris Services currently has a consensus rating of “Moderate Buy” and an average price target of $132.27.

Primoris Services News Roundup

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Analyst view improved: Zacks Research upgraded Primoris from “strong sell” to “hold,” which may provide limited support by indicating that the recent decline has reduced some downside concerns. TickerReport coverage of the Zacks upgrade
• Neutral Sentiment: New office development: Primoris Services was reported as a future tenant at Sugar Land Town Square. The expansion may support corporate operations and local visibility, but the announcement is unlikely to materially affect near-term earnings. Primoris Services Corp. to join Sugar Land Town Square
• Negative Sentiment: Class-action litigation remains the main overhang: Several law firms reiterated that investors who purchased PRIM shares from August 5, 2025, through June 22, 2026, may seek lead-plaintiff status by September 21, 2026. The lawsuit alleges that Primoris made material misstatements or omissions about the costs, risks, cost controls, and execution of six fixed-price renewable-energy projects. Allegations reportedly include project cost overruns and delays, with some notices also pointing to statements overseen by former Chief Operating Officer Jeremy Kinch. The claims have not been proven, but the litigation could create legal expenses, financial liabilities, and additional reputational risk. Robbins Geller Primoris investor deadline notice

Primoris Services Company 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.