Is Primoris Services Stock a Buy After Investment Firm Informed Momentum Initiated a Big Position?

Company Overview - Primoris Services Corporation is a leading specialty contractor in the engineering and construction sector, focusing on utilities, energy, and pipeline services [7] - The company reported trailing twelve-month revenue of $7.46 billion and net income of $277.14 million as of September 30, 2025 [5][10] - Primoris offers a range of services including construction, fabrication, maintenance, replacement, and engineering across various segments [10] Investment Activity - Informed Momentum Co LLC initiated a new position in Primoris Services Corporation, acquiring 67,981 shares valued at $9.18 million, representing 1.05% of the fund's total reportable assets under management (AUM) of $872.25 million [2][3] - This new position made Primoris the fourth largest holding among Informed Momentum's 254 equities [11] Market Performance - As of November 14, 2025, Primoris shares were priced at $118.04, reflecting a 50.2% increase over the past year, significantly outperforming the S&P 500 by 37.14 percentage points [3][5] - The company experienced a substantial revenue increase of 32% year-over-year in the third quarter, reaching $2.2 billion [12] Industry Context - Primoris is benefiting from the growing demand for infrastructure projects, particularly those aimed at expanding U.S. data center capacity to support artificial intelligence [12][13] - The AI industry is anticipated to undergo significant expansion, which could lead to continued sales growth for Primoris [13]