Newport Trust Company LLC Has $3.08 Billion Holdings in Parsons Corporation $PSN

Posted by Geri Gentry on May 22nd, 2026

Newport Trust Company LLC trimmed its stake in Parsons Corporation (NYSE:PSN – Free Report) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 49,796,122 shares of the company’s stock after selling 1,213,045 shares during the quarter. Parsons comprises approximately 7.4% of Newport Trust Company LLC’s investment portfolio, making the stock its 4th biggest position. Newport Trust Company LLC owned about 0.47% of Parsons worth $3,077,400,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Parsons by 0.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,029 shares of the company’s stock valued at $1,412,000 after buying an additional 144 shares during the last quarter. CI Investments Inc. boosted its holdings in shares of Parsons by 32.5% in the 3rd quarter. CI Investments Inc. now owns 852 shares of the company’s stock valued at $71,000 after buying an additional 209 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Parsons by 38.0% in the 1st quarter. NewEdge Advisors LLC now owns 959 shares of the company’s stock valued at $57,000 after buying an additional 264 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Parsons by 4.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,156 shares of the company’s stock valued at $510,000 after buying an additional 278 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Parsons by 39.5% in the 3rd quarter. IFP Advisors Inc now owns 1,032 shares of the company’s stock valued at $91,000 after buying an additional 292 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors.

Parsons Trading Up 0.4%

Shares of PSN stock opened at $51.84 on Friday. The firm has a 50 day moving average price of $53.25 and a two-hundred day moving average price of $64.49. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.55 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60. Parsons Corporation has a 12-month low of $48.23 and a 12-month high of $89.50.

Parsons (NYSE:PSN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.09. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Parsons had a net margin of 3.62% and a return on equity of 11.52%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, analysts predict that Parsons Corporation will post 2.94 earnings per share for the current year.

Insiders Place Their Bets

In other Parsons news, Director Mark Keith Holdsworth purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $51.27 per share, for a total transaction of $512,700.00. Following the completion of the transaction, the director owned 39,918 shares in the company, valued at approximately $2,046,595.86. This represents a 33.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Carey A. Smith purchased 12,500 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $49.97 per share, with a total value of $624,625.00. Following the completion of the transaction, the chief executive officer owned 575,376 shares of the company’s stock, valued at $28,751,538.72. This represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 32,500 shares of company stock worth $1,637,325 over the last three months. Insiders own 1.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PSN. Robert W. Baird reissued a “neutral” rating and issued a $60.00 price objective on shares of Parsons in a report on Monday, April 13th. Barclays cut their price objective on Parsons from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Weiss Ratings cut Parsons from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. UBS Group reduced their price target on Parsons from $104.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Truist Financial reduced their price target on Parsons from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.17.

View Our Latest Stock Analysis on Parsons

Parsons Profile

(Free Report)

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.