William Blair Investment Management LLC Makes New $39.65 Million Investment in Primoris Services Corporation $PRIM

William Blair Investment Management LLC bought a new position in shares of Primoris Services Corporation (NYSE:PRIM) during the second quarter, HoldingsChannel reports. The institutional investor bought 399,966 shares of the company’s stock, valued at approximately $39,645,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System raised its position in Primoris Services by 327.8% during the 4th quarter. New York State Teachers Retirement System now owns 20,892 shares of the company’s stock valued at $2,594,000 after purchasing an additional 16,008 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Primoris Services by 509.6% during the 4th quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock worth $41,800,000 after buying an additional 281,482 shares in the last quarter. UBS Group AG increased its stake in shares of Primoris Services by 2.4% during the fourth quarter. UBS Group AG now owns 638,876 shares of the company’s stock valued at $79,310,000 after buying an additional 15,112 shares during the period. Total Wealth Planning & Management Inc. purchased a new position in shares of Primoris Services during the fourth quarter valued at $1,116,000. Finally, Bank of America Corp DE raised its holdings in shares of Primoris Services by 4.4% in the first quarter. Bank of America Corp DE now owns 324,887 shares of the company’s stock valued at $46,472,000 after acquiring an additional 13,617 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PRIM. Mizuho lowered their price objective on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Needham & Company LLC reduced their price target on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. Roth Capital restated a “buy” rating and issued a $100.00 price target on shares of Primoris Services in a report on Monday, July 20th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 price target on shares of Primoris Services in a research report on Monday, June 15th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $132.27.

Insider Activity

In other Primoris Services news, insider John M. Perisich sold 29,707 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $127.86, for a total transaction of $3,798,337.02. Following the completion of the sale, the insider directly owned 27,574 shares of the company’s stock, valued at approximately $3,525,611.64. This represents a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Lee King sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 14,941 shares in the company, valued at $1,779,323.69. This represents a 57.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Primoris Services Trading Down 2.6%

Shares of NYSE:PRIM opened at $77.17 on Friday. The company has a market capitalization of $4.15 billion, a PE ratio of 30.26 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 Corporation has a 12-month low of $65.00 and a 12-month high of $205.50. The business’s fifty day simple moving average is $88.27 and its 200-day simple moving average is $123.47.

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

Primoris Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Primoris Services’s payout ratio is currently 12.55%.

Primoris Services News Roundup

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

• Neutral Sentiment: Several law firms are notifying shareholders who purchased Primoris securities between August 5, 2025, and June 22, 2026, about the lawsuit and the opportunity to apply to lead the case. The notices are largely investor-solicitation announcements and do not represent separate lawsuits or new company disclosures. Kaplan Fox class-action deadline notice
• Negative Sentiment: The complaint alleges that Primoris made material misstatements or omissions regarding the costs and risks of significant fixed-price renewable-energy projects. Investors are also citing alleged project cost overruns that undermined the company’s February 2026 adjusted EPS and adjusted EBITDA outlook. Primoris securities-fraud lawsuit summary
• Negative Sentiment: The lawsuit materials point to a reported $23.39-per-share decline on June 23, 2026, after Primoris sharply reduced guidance. The allegations remain unproven, but the litigation creates potential legal costs, financial liability, and reputational risk for Primoris Services Corporation (PRIM).

Primoris Services 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.