Penn Capital Management Company LLC Takes $13.79 Million Position in Primoris Services Corporation $PRIM

Penn Capital Management Company LLC purchased a new stake in shares of Primoris Services Corporation (NYSE:PRIM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 138,964 shares of the company’s stock, valued at approximately $13,789,000. Penn Capital Management Company LLC owned 0.26% of Primoris Services as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Root Financial Partners LLC increased its position 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 acquiring an additional 69 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Primoris Services during the 2nd quarter worth about $26,000. Harbour Investments Inc. purchased a new position in shares of Primoris Services during the 4th quarter worth about $33,000. Cullen Frost Bankers Inc. boosted its stake in shares of Primoris Services by 30.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after purchasing an additional 81 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in Primoris Services during the 2nd quarter valued at about $36,000. 91.82% of the stock is currently owned by institutional investors.

Trending Headlines about Primoris Services

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

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Primoris Services from $118.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a research note on Monday, June 15th. Mizuho reduced their price target on Primoris Services from $135.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised Primoris Services from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $105.00 to $116.00 in a research note on Monday, June 29th. Finally, Needham & Company LLC dropped their price objective on Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.27.

Primoris Services Trading Down 5.2%

Shares of NYSE PRIM opened at $73.02 on Friday. Primoris Services Corporation has a twelve month low of $65.00 and a twelve month high of $205.50. The business has a fifty day simple moving average of $85.66 and a two-hundred day simple moving average of $120.79. The firm has a market cap of $3.93 billion, a PE ratio of 28.64 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $1.68 EPS. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts expect that Primoris Services Corporation will post 1.76 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is 12.55%.

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.