Primoris Services Co. (NASDAQ:PRIM – Get Free Report) Director John P. Schauerman sold 25,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $59.25, for a total transaction of $1,481,250.00. Following the transaction, the director now directly owns 137,281 shares of the company’s stock, valued at $8,133,899.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Primoris Services Stock Performance
NASDAQ PRIM opened at $59.11 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $53.62 and its two-hundred day moving average is $49.84. Primoris Services Co. has a 12-month low of $28.96 and a 12-month high of $60.26. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 22.31 and a beta of 1.07.
Primoris Services (NASDAQ:PRIM – Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Research analysts expect that Primoris Services Co. will post 2.82 EPS for the current year.
Primoris Services Dividend Announcement
Institutional Trading of Primoris Services
Several hedge funds and other institutional investors have recently made changes to their positions in PRIM. CWM LLC increased its holdings in Primoris Services by 25.1% in the second quarter. CWM LLC now owns 1,095 shares of the construction company’s stock valued at $55,000 after buying an additional 220 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in Primoris Services in the 2nd quarter valued at approximately $70,000. Canton Hathaway LLC purchased a new position in Primoris Services in the 2nd quarter valued at approximately $100,000. Innealta Capital LLC acquired a new position in Primoris Services during the second quarter worth $108,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Primoris Services during the second quarter worth $119,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
About Primoris Services
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.
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