The Manufacturers Life Insurance Company Makes New Investment in Primoris Services Corporation $PRIM

The Manufacturers Life Insurance Company acquired a new stake in Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 22,754 shares of the company’s stock, valued at approximately $2,255,000.

Several other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of Primoris Services in the second quarter valued at approximately $26,000. Harbour Investments Inc. bought a new stake in Primoris Services during the fourth quarter worth $33,000. Root Financial Partners LLC boosted its position in Primoris Services by 43.1% in the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Primoris Services in the 2nd quarter valued at $34,000. Finally, Persistent Asset Partners Ltd bought a new position in Primoris Services in the 2nd quarter valued at $36,000. Institutional investors own 91.82% of the company’s stock.

Trending Headlines about Primoris Services

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

• Neutral Sentiment: Several law firms, including Rosen, Kaplan Fox, Bernstein Liebhard, Pomerantz, Portnoy and Kahn Swick & Foti, reiterated that investors who purchased PRIM shares between August 5, 2025, and June 22, 2026, may participate in the pending litigation. The repeated releases largely provide the same information rather than announcing a new regulatory or operating development. Bernstein Liebhard shareholder alert
• Negative Sentiment: The lawsuits allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including rising project costs and sharply reduced guidance. The allegations reportedly preceded a decline of approximately $23.39 per share. Investors have until September 21, 2026, to seek appointment as lead plaintiff. The claims remain allegations, and no wrongdoing has been established. Levi & Korsinsky Primoris deadline notice

Primoris Services Stock Performance

Shares of PRIM opened at $74.41 on Thursday. The firm has a market cap of $4.01 billion, a PE ratio of 29.18 and a beta of 1.43. The stock’s fifty day moving average price is $84.33 and its two-hundred day moving average price is $118.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 0.4%. Primoris Services’s dividend payout ratio is 12.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PRIM shares. Oppenheimer assumed coverage on Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 target price for the company. Weiss Ratings lowered shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Mizuho decreased their price objective on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 price objective on shares of Primoris Services in a research report on Monday, June 15th. Finally, Wall Street Zen cut shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Primoris Services has an average rating of “Moderate Buy” and a consensus price target of $132.27.

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.