South Dakota Investment Council Purchases Shares of 7,800 Primoris Services Corporation $PRIM

South Dakota Investment Council purchased a new stake in shares of Primoris Services Corporation (NYSE:PRIM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,800 shares of the company’s stock, valued at approximately $1,116,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRIM. Root Financial Partners LLC raised its stake 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 in the last quarter. Harbour Investments Inc. purchased a new position in Primoris Services in the 4th quarter worth about $33,000. Salomon & Ludwin LLC purchased a new position in Primoris Services during the 4th quarter worth $44,000. Cullen Frost Bankers Inc. raised its holdings in shares of Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in Primoris Services during the second quarter worth $34,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Primoris Services

In other news, insider John M. Perisich sold 29,707 shares of Primoris Services stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $127.86, for a total value of $3,798,337.02. Following the transaction, the insider owned 27,574 shares of the company’s stock, valued at $3,525,611.64. The trade was a 51.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Lee King sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $119.09, for a total transaction of $2,381,800.00. Following the completion of the transaction, the director owned 14,941 shares in the company, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Trending Headlines about Primoris Services

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

• Neutral Sentiment: Several law firms reminded investors that September 21, 2026 is the deadline to seek appointment as lead plaintiff. The proposed class covers investors who purchased Primoris securities from August 5, 2025 through June 22, 2026. Deadline Alert: Primoris Services Corporation Shareholders
• Negative Sentiment: The lawsuit alleges that Primoris and certain current and former executives misled investors about the company’s project-management capabilities. The claims could create legal costs, reputational damage and additional uncertainty regarding prior disclosures. Primoris Faces Securities Class Action
• Negative Sentiment: Investor notices tie the case to persistent project-cost and execution issues, including problems involving six renewable-energy projects and a June 2026 guidance reset. Reports also reference a COO departure, adding to concerns about management and operational stability. Primoris Timeline Disclosure Events
• Negative Sentiment: The legal overhang follows Primoris’s latest reported quarter, in which earnings and revenue missed analyst expectations and revenue declined year over year. The company’s previously issued fiscal 2026 EPS guidance of $4.80–$5.00 remains an important benchmark as investors assess whether project issues are contained.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PRIM shares. Wells Fargo & Company dropped their target price on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 23rd. KeyCorp restated a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. Mizuho lowered their price target on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Weiss Ratings cut shares of Primoris Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Finally, Oppenheimer initiated coverage on Primoris Services in a research report on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.47.

Primoris Services Stock Down 1.6%

Shares of NYSE PRIM opened at $84.26 on Friday. The firm has a market cap of $4.57 billion, a P/E ratio of 18.56 and a beta of 1.41. The firm’s 50 day moving average price is $98.93 and its 200 day moving average price is $130.27. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. 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 (NYSE:PRIM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.59 earnings per share 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 last year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, sell-side analysts anticipate that Primoris Services Corporation will post 1.87 earnings per share for the current year.

About Primoris Services

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.