<div id="readability-page-1"><p>A. D. Beadell Investment Counsel Inc. trimmed its position in shares of  Primoris Services Co. (NASDAQ:PRIM - Free Report) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 65,920 shares of the construction company's stock after selling 13,705 shares during the period. Primoris Services makes up  approximately  6.2% of A. D. Beadell Investment Counsel Inc.'s holdings, making the stock its largest holding. A. D. Beadell Investment Counsel Inc. owned approximately 0.12% of Primoris Services worth $9,052,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Primoris Services</strong> alerts:</span></p></div><ul><li>Smaller Industrials Names Seeing Surging Growth: Here's Why</li></ul><p>A number of other hedge funds also recently made changes to their positions in the business. First Trust Advisors LP raised its position in  Primoris Services by 56.4% in the second quarter. First Trust Advisors LP now owns 1,833,105 shares of the construction company's stock worth $142,872,000 after purchasing an additional 660,915 shares in the last quarter.  Millennium Management LLC grew its stake in shares of  Primoris Services by 262.1% during the first quarter. Millennium Management LLC now owns 728,405 shares of the construction company's stock valued at $41,818,000 after purchasing an additional 527,240 shares during the last quarter.  American Century Companies Inc. increased its stake in shares of  Primoris Services by 229.3% in the 2nd quarter. American Century Companies Inc. now owns 601,482 shares of the construction company's stock valued at $46,880,000 after buying an additional 418,805 shares during the period.  Yaupon Capital Management LP increased its position in  Primoris Services by 1,103.7% in the first quarter. Yaupon Capital Management LP now owns 381,316 shares of the construction company's stock worth $21,891,000 after purchasing an additional 349,637 shares during the period.  Finally, Cubist Systematic Strategies LLC raised its stake in shares of  Primoris Services by 227.5% during the first quarter. Cubist Systematic Strategies LLC now owns 425,033 shares of the construction company's stock worth $24,401,000 after buying an additional 295,264 shares during the last quarter. Institutional investors and hedge funds own  91.82% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>PRIM has been the topic of several analyst reports. Roth Capital began coverage on Primoris Services in a research note on Thursday, October 9th. They issued a &#34;buy&#34; rating and a $170.00 target price on the stock. The Goldman Sachs Group started coverage on Primoris Services in a research note on Monday, November 24th. They issued a &#34;sell&#34; rating and a $117.00 price target on the stock. UBS Group raised their target price on shares of Primoris Services from $135.00 to $158.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, October 1st. Wells Fargo &amp; Company assumed coverage on Primoris Services in a research note on Friday, November 14th. They issued an &#34;equal weight&#34; rating and a $138.00 price target for the company. Finally, KeyCorp boosted their price objective on shares of Primoris Services from $154.00 to $159.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, November 5th. One research analyst  has rated the stock with a Strong Buy rating, eight have issued  a Buy rating, five have given a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, Primoris Services presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $140.57.</p><p><b>View Our Latest Research Report on PRIM</b></p><h2>Insiders Place Their Bets</h2><p>In related news, Director Patricia K. Wagner sold 13,491 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $125.23, for a total value of $1,689,477.93. Following the completion of the transaction, the director owned 4,495 shares of the company's stock, valued at $562,908.85. This represents a 75.01% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, Director John P. Schauerman sold 7,815 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total transaction of $1,062,840.00. Following the completion of the sale, the director owned 74,466 shares in the company, valued at $10,127,376. This represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,888 shares of company stock worth $3,488,679 in the last ninety days. Insiders own  1.40% of the company's stock. </p><h2>Primoris Services Stock Up 1.0%</h2><p>NASDAQ PRIM opened at $125.40 on Friday. The company has a 50 day moving average of $129.83 and a 200-day moving average of $112.62. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 41.52 and a beta of 1.37. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. Primoris Services Co. has a 1-year low of $49.10 and a 1-year high of $146.16. </p><p>Primoris Services (NASDAQ:PRIM - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The construction company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.51. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $1.83 billion. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. Primoris Services's revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS.  On average, equities research analysts expect that  Primoris Services Co. will post 3.26 earnings per share for the current fiscal year. </p><h2>Primoris Services Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.08 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Primoris Services's dividend payout ratio (DPR) is presently 6.31%. </p><h2>Primoris Services Company Profile</h2> (Free Report)<p>Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company's operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.  </p><p>Within its two primary business segments—Pipeline &amp; Facility and Civil &amp; Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Primoris Services</li><li>What Does a Stock Split Mean? </li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>The Top 3 Healthcare Dividend Stocks to Buy and Hold</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>Investing in Construction Stocks</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding PRIM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Primoris Services Co. (NASDAQ:PRIM - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJJTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJJTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Primoris Services Right Now?</h2><p>Before you consider Primoris Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primoris Services wasn't on the list.</p><p>While Primoris Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PRIM

<p>A. D. Beadell Investment Counsel Inc. reduced its stake in Primoris Services Co. by 17.2% in the third quarter, selling 13,705 shares. The firm now holds 65,920 shares, making Primoris its largest holding at 6.2% of its portfolio. Other hedge funds have also adjusted their positions in Primoris, with some increasing their stakes significantly. Analysts have mixed ratings on Primoris, with a consensus rating of 'Moderate Buy' and an average price target of $140.57.</p>

A. D. Beadell Investment Counsel Inc. Sells 13,705 Shares of Primoris Services Co. $PRIM