SCHEDULE: Fuller & Thaler Discloses 5.28% Stake in Primoris Services

Fuller & Thaler Asset Management, Inc. has reported a 5.28% beneficial ownership stake in Primoris Services Corp common stock.

Summary

• Fuller & Thaler Asset Management, Inc. beneficially owns 2,851,227.11 shares of Primoris Services Corp common stock.
• This ownership represents 5.28% of the class of securities.
• The investment adviser holds sole voting power over 2,806,052.11 shares.
• Fuller & Thaler Asset Management, Inc. has sole dispositive power over all 2,851,227.11 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Primoris Services Corp.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant institutional ownership stake, which is generally viewed as a neutral to slightly positive signal of investor confidence, but does not provide new operational or financial performance data.

Positives

• The disclosure indicates significant institutional interest in Primoris Services Corp by Fuller & Thaler Asset Management, Inc.
• The investment is stated to be in the ordinary course of business, suggesting a long-term, non-activist position.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Primoris Services Corp's future performance or Fuller & Thaler Asset Management, Inc.'s investment strategy beyond the ordinary course of business.

Management Comments

• Fuller & Thaler Asset Management, Inc. is deemed to be the beneficial owner of the securities pursuant to separate arrangements whereby it acts as investment adviser to certain persons.
• Each person for whom Fuller & Thaler Asset Management, Inc. acts as investment adviser has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock.
• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure by an institutional investment adviser, Fuller & Thaler Asset Management, Inc., indicating a significant, non-control-oriented stake in Primoris Services Corp. Such disclosures are common in the investment industry and provide transparency regarding large institutional holdings in publicly traded companies.

Stakeholder Impact

• Shareholders of Primoris Services Corp may view the significant institutional ownership by Fuller & Thaler Asset Management, Inc. as a sign of continued investor confidence in the company.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of an institutional ownership stake and does not contain information that would warrant a change in investment recommendation based solely on its content. It confirms Fuller & Thaler Asset Management, Inc.'s significant, non-control-oriented position in Primoris Services Corp, which is a neutral event for existing investors.

Keywords

Primoris Services Corp, Fuller & Thaler Asset Management, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Investment Adviser