Parsons (NYSE:PSN) Receives “Buy” Rating from Truist Financial

Parsons (NYSE:PSN)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a research note issued on Thursday,Benzinga reports. They presently have a $60.00 target price on the stock, down from their prior target price of $75.00. Truist Financial’s price objective points to a potential upside of 41.56% from the company’s current price.

Several other equities analysts have also recently issued reports on PSN. Weiss Ratings cut shares of Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. TD Cowen restated a “buy” rating on shares of Parsons in a research report on Wednesday. Zacks Research raised shares of Parsons from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane set a $65.00 target price on Parsons and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Parsons in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Parsons presently has a consensus rating of “Moderate Buy” and an average target price of $73.55.

Parsons Stock Performance

Parsons stock traded up $2.06 during midday trading on Thursday, hitting $42.38. 1,506,961 shares of the company were exchanged, compared to its average volume of 1,306,896. The business has a fifty day simple moving average of $55.45 and a two-hundred day simple moving average of $58.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $4.53 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. Parsons has a fifty-two week low of $36.26 and a fifty-two week high of $89.50.

Parsons (NYSE:PSN) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). Parsons had a net margin of 3.62% and a return on equity of 11.52%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Parsons will post 2.97 earnings per share for the current year.

Insider Buying and Selling at Parsons

In other news, CEO Carey A. Smith acquired 12,500 shares of Parsons stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $49.97 per share, for a total transaction of $624,625.00. Following the completion of the transaction, the chief executive officer directly owned 575,376 shares in the company, valued at approximately $28,751,538.72. This trade represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Keith Holdsworth acquired 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $51.27 per share, with a total value of $512,700.00. Following the transaction, the director owned 39,918 shares of the company’s stock, valued at approximately $2,046,595.86. This trade represents a 33.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 32,500 shares of company stock valued at $1,637,325 over the last quarter. 1.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Parsons

Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB grew its stake in shares of Parsons by 126.8% in the first quarter. Swedbank AB now owns 2,387,643 shares of the company’s stock valued at $129,339,000 after buying an additional 1,335,102 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Parsons by 151.5% during the second quarter. AQR Capital Management LLC now owns 1,061,614 shares of the company’s stock worth $75,173,000 after acquiring an additional 639,481 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Parsons by 142.1% during the fourth quarter. Brown Advisory Inc. now owns 833,322 shares of the company’s stock worth $51,499,000 after acquiring an additional 489,187 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Parsons in the third quarter valued at about $38,880,000. Finally, Cooper Creek Partners Management LLC grew its stake in Parsons by 1,248.6% during the 1st quarter. Cooper Creek Partners Management LLC now owns 505,128 shares of the company’s stock valued at $27,363,000 after purchasing an additional 467,672 shares in the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Trending Headlines about Parsons

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Parsons reported a 1.2x quarterly book-to-bill ratio, with contract awards up 24% year over year. Federal Solutions bookings increased 51%, while total backlog reached approximately $9.3 billion, supporting future revenue visibility. Parsons Reports Second Quarter 2026 Results
• Positive Sentiment: Critical Infrastructure revenue rose 5% year over year, and Parsons cited continued demand, Middle East-related resilience and strategic contract wins as factors supporting its long-term growth outlook. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Barclays lowered its PSN price target from $70 to $60 but maintained an “overweight” rating. The revised target still implies substantial upside, although the reduction signals increased near-term caution following the results. Barclays Price Target Update
• Negative Sentiment: Parsons reported quarterly EPS of negative $0.06, versus the consensus estimate of $0.76 and $0.78 a year earlier. Revenue was approximately $1.59 billion, slightly below the $1.61 billion consensus and down about 1% year over year. Parsons Reports Q2 Loss
• Negative Sentiment: Management cut fiscal 2026 revenue guidance to $6.2 billion-$6.5 billion from expectations of roughly $6.7 billion. Portfolio-shaping actions and charges tied to a joint-venture program contributed to the quarterly loss, raising concerns about execution and earnings visibility. Parsons Slashes Full-Year Guidance
• Negative Sentiment: The earnings shock drove PSN to a new 52-week low, indicating that investors are prioritizing the near-term profit and guidance deterioration over the company’s healthy bookings and backlog. Parsons Reaches New 12-Month Low

About Parsons

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.