Dimensional Fund Advisors LP Boosts Position in Primoris Services Corp (PRIM)

Dimensional Fund Advisors LP increased its position in shares of Primoris Services Corp (NASDAQ:PRIM) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,025,635 shares of the company’s stock after buying an additional 11,316 shares during the period. Dimensional Fund Advisors LP owned about 3.91% of Primoris Services Corp worth $46,144,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PRIM. Van Berkom & Associates Inc. boosted its stake in shares of Primoris Services Corp by 13.7% in the third quarter. Van Berkom & Associates Inc. now owns 2,528,212 shares of the company’s stock worth $52,081,000 after buying an additional 304,235 shares during the period. Deprince Race & Zollo Inc. boosted its stake in shares of Primoris Services Corp by 177.8% in the third quarter. Deprince Race & Zollo Inc. now owns 2,298,753 shares of the company’s stock worth $47,354,000 after buying an additional 1,471,179 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Primoris Services Corp by 3.3% in the second quarter. Macquarie Group Ltd. now owns 1,874,790 shares of the company’s stock worth $35,490,000 after buying an additional 59,319 shares during the period. Emerald Acquisition Ltd. boosted its stake in shares of Primoris Services Corp by 89.3% in the third quarter. Emerald Acquisition Ltd. now owns 920,655 shares of the company’s stock worth $18,966,000 after buying an additional 434,187 shares during the period. Finally, State Street Corp boosted its stake in shares of Primoris Services Corp by 5.5% in the fourth quarter. State Street Corp now owns 691,569 shares of the company’s stock worth $15,756,000 after buying an additional 36,170 shares during the period. 72.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Primoris Services Corp (NASDAQ:PRIM)

Shares of Primoris Services Corp (NASDAQ:PRIM) opened at 23.56 on Tuesday. Primoris Services Corp has a one year low of $16.13 and a one year high of $29.19. The stock has a market capitalization of $1.21 billion, a PE ratio of 46.20 and a beta of 1.65. The stock has a 50 day moving average of $24.75 and a 200-day moving average of $22.45.

Primoris Services Corp (NASDAQ:PRIM) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $601.90 million for the quarter, compared to analysts’ expectations of $542.42 million. Primoris Services Corp had a return on equity of 6.87% and a net margin of 1.31%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Equities analysts predict that Primoris Services Corp will post $1.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Investors of record on Friday, March 31st will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.22 dividend on an annualized basis and a yield of 0.93%. Primoris Services Corp’s dividend payout ratio (DPR) is 45.83%.

Your IP Address:

A number of equities research analysts recently weighed in on PRIM shares. Zacks Investment Research raised shares of Primoris Services Corp from a “sell” rating to a “hold” rating in a research report on Saturday, December 31st. Stephens started coverage on shares of Primoris Services Corp in a research report on Tuesday, February 7th. They issued an “equal weight” rating for the company. DA Davidson reissued a “neutral” rating on shares of Primoris Services Corp in a research report on Monday, February 27th. Canaccord Genuity raised shares of Primoris Services Corp from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Friday, January 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Primoris Services Corp in a report on Thursday, December 1st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Primoris Services Corp presently has an average rating of “Hold” and a consensus target price of $24.80.

Primoris Services Corp Company Profile

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment.

5 Day Chart for NASDAQ:PRIM

Receive News & Ratings for Primoris Services Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primoris Services Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply