7,944 Shares in Primoris Services Co. (NASDAQ:PRIM) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Primoris Services Co. (NASDAQ:PRIM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,944 shares of the construction company’s stock, valued at approximately $396,000.

A number of other institutional investors have also recently added to or reduced their stakes in PRIM. Precision Wealth Strategies LLC purchased a new stake in shares of Primoris Services in the fourth quarter valued at about $202,000. BNP Paribas Financial Markets lifted its holdings in shares of Primoris Services by 67.6% in the fourth quarter. BNP Paribas Financial Markets now owns 57,971 shares of the construction company’s stock valued at $1,925,000 after purchasing an additional 23,389 shares in the last quarter. Norges Bank purchased a new stake in shares of Primoris Services in the fourth quarter valued at about $15,550,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Primoris Services by 134.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 25,763 shares of the construction company’s stock valued at $856,000 after purchasing an additional 14,762 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Primoris Services in the fourth quarter valued at about $2,089,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Activity

In other news, insider John M. Perisich sold 4,391 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $55.33, for a total value of $242,954.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John P. Schauerman sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $54.05, for a total transaction of $1,351,250.00. Following the completion of the transaction, the director now owns 162,281 shares of the company’s stock, valued at $8,771,288.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Perisich sold 4,391 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $55.33, for a total transaction of $242,954.03. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Primoris Services Stock Up 1.3 %

Shares of NASDAQ PRIM opened at $57.06 on Thursday. Primoris Services Co. has a 12-month low of $28.96 and a 12-month high of $59.16. The company has a market capitalization of $3.06 billion, a PE ratio of 21.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s 50-day moving average is $53.18 and its two-hundred day moving average is $49.58.

Primoris Services (NASDAQ:PRIM) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Primoris Services had a net margin of 2.56% and a return on equity of 14.81%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. Equities analysts anticipate that Primoris Services Co. will post 2.82 EPS for the current fiscal year.

Primoris Services Announces Dividend

The company also recently disclosed 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 $0.24 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, September 27th. Primoris Services’s dividend payout ratio is presently 9.06%.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. 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.