25,359 Shares in Primoris Services Corporation $PRIM Bought by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP bought a new stake in shares of Primoris Services Corporation (NYSE:PRIM) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,359 shares of the company’s stock, valued at approximately $2,514,000.

Several other institutional investors have also recently added to or reduced their stakes in PRIM. Root Financial Partners LLC boosted its holdings in shares of Primoris Services by 43.1% in the 1st quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after buying an additional 69 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Primoris Services during the 2nd quarter valued at about $26,000. Harbour Investments Inc. acquired a new stake in Primoris Services during the fourth quarter worth about $33,000. Salomon & Ludwin LLC acquired a new stake in Primoris Services during the fourth quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Primoris Services by 30.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock worth $43,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director David Lee King sold 20,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the completion of the transaction, the director owned 14,941 shares of the company’s stock, valued at approximately $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John M. Perisich sold 29,707 shares of the firm’s stock in a transaction 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 directly owned 27,574 shares in the company, valued at $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

PRIM has been the subject of a number of research reports. Roth Capital restated a “buy” rating and issued a $100.00 target price on shares of Primoris Services in a research note on Monday, July 20th. KeyCorp reiterated a “sector weight” rating on shares of Primoris Services in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised Primoris Services from a “sell” rating to a “neutral” rating and cut their price target for the stock from $107.00 to $102.00 in a report on Thursday, June 25th. JPMorgan Chase & Co. upgraded Primoris Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $105.00 to $116.00 in a research report on Monday, June 29th. Finally, Wolfe Research restated an “outperform” rating and set a $149.00 price objective on shares of Primoris Services in a research note on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.27.

Key Primoris Services News

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

• Negative Sentiment: The lawsuit alleges that Primoris made material misstatements or omissions about the costs, risks, estimating practices and project controls associated with significant fixed-price renewable-energy projects. Investors who purchased shares between August 5, 2025, and June 22, 2026, may seek lead-plaintiff status by September 21. Primoris Securities Fraud Class Action Lawsuit Filed
• Negative Sentiment: Several notices link the allegations to Primoris’ February 2026 outlook for adjusted EPS and adjusted EBITDA, claiming that known renewable-project cost overruns undermined that guidance. The notices cite a subsequent $23.39-per-share decline on June 23 after the company sharply reduced its outlook. PRIM Upcoming Deadline Notice
• Negative Sentiment: Investor-rights firms also say Primoris’ newly released second-quarter 2026 results and earnings call intensified scrutiny of the company’s renewable-project execution and financial outlook. The litigation creates potential legal costs, reputational damage and uncertainty around the profitability of fixed-price projects. Primoris Q2 Investor Alert
• Neutral Sentiment: The numerous August 19–20 announcements are largely duplicative reminders from different law firms seeking potential clients; they do not establish that Primoris committed wrongdoing. The case remains an allegation, and the September 21 deadline is procedural rather than a judgment against the company. Prim Investor Deadline Announcement

Primoris Services Price Performance

NYSE PRIM opened at $79.03 on Friday. The company has a 50-day moving average price of $88.70 and a two-hundred day moving average price of $123.80. Primoris Services Corporation has a 52 week low of $65.00 and a 52 week high of $205.50. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 30.99 and a beta of 1.43. 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 released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Analysts forecast that Primoris Services Corporation will post 1.76 EPS for the current year.

Primoris Services Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s payout ratio 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.