Cwm LLC owns $55,000 in Primoris Services Co. (NASDAQ:PRIM)

Cwm LLC increased its holdings in Primoris Services Co. (NASDAQ:PRIM – Free Report) by 25.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,095 shares of the construction company’s stock after purchasing an additional 220 shares during the period. Cwm LLC’s holdings in Primoris Services were worth $55,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently bought and sold shares of PRIM. Federated Hermes Inc. acquired a new position in shares of Primoris Services in the 4th quarter valued at about $61,000. EntryPoint Capital LLC boosted its stake in Primoris Services by 16.2% in the first quarter. EntryPoint Capital LLC now owns 3,677 shares of the construction company’s stock valued at $157,000 after purchasing an additional 513 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Primoris Services by 27.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,453 shares of the construction company’s stock valued at $181,000 after acquiring an additional 1,173 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in Primoris Services in the fourth quarter valued at $202,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Primoris Services in the first quarter worth $204,000. 91.82% of shares are owned by institutional investors.

Insider buying and selling at Primoris Services

In other Primoris Services news, Director Carla S. Mashinski sold 3,883 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $53.92, for a total transaction of $209,371.36. Following the completion of the transaction, the director now owns 20,454 shares in the company, valued at approximately $1,102,879.68. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, Director Carla S. Mashinski sold 3,883 shares of Primoris Services stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $53.92, for a total value of $209,371.36. Following the sale, the director now directly owns 20,454 shares in the company, valued at $1,102,879.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director David Lee King sold 2,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $52.86, for a total transaction of $132,150.00. Following the completion of the transaction, the director now directly owns 27,517 shares of the company’s stock, valued at approximately $1,454,548.62. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s shares.

Price performance of Primoris services

Shares of PRIM stock opened at $52.83 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41, and a debt-to-equity ratio of 0.65. Primoris Services Co. has a 12-month low of $28.96 and a 12-month high of $57.72. The firm has a fifty day moving average of $52.37 and a 200 day moving average of $47.31. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 19.94 and a beta of 1.08.

Primoris Services (NASDAQ:PRIM – Get Your Free Report ) last posted its earnings results on Monday, August 5th. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Primoris Services had a return on equity of 14.81% and a net margin of 2.56%. The company’s revenue increased by 10.6% year-on-year. In the same period last year, the firm earned $0.80 per share. On average, equities research analysts forecast that Primoris Services Co. will post 2.82 earnings per share for the current year.

Primoris Services dividend announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.06 dividend. This represents a dividend of $0.24 on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, September 27. Primoris Services’ payout ratio is currently 9.06%.

About Primoris Services

(Free Report)

Primoris Services Corporation, a specialty contracting company, provides a range of specialized construction, manufacturing, maintenance, replacement and engineering services in the United States and Canada. The company operates through the Utilities and Energy/Renewables segments. The Utilities segment provides installation and maintenance services for new and existing natural gas distribution systems, electric utility transmission and distribution systems, and communications systems.

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