Lauterbach Financial Advisors LLC Invests $203,000 in Parsons Co. (NYSE:PSN)

Lauterbach Financial Advisors LLC acquired a new stake in shares of Parsons Co. (NYSE:PSN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,201 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PSN. New York State Teachers Retirement System purchased a new position in shares of Parsons in the third quarter worth $1,110,000. Amalgamated Bank increased its holdings in Parsons by 193.0% in the 3rd quarter. Amalgamated Bank now owns 22,251 shares of the company’s stock worth $2,307,000 after buying an additional 14,658 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Parsons in the 3rd quarter worth about $45,000. Assetmark Inc. lifted its stake in Parsons by 10.7% during the 3rd quarter. Assetmark Inc. now owns 2,750 shares of the company’s stock valued at $285,000 after acquiring an additional 265 shares during the period. Finally, Sigma Planning Corp purchased a new stake in shares of Parsons during the 3rd quarter valued at about $232,000. 98.02% of the stock is currently owned by institutional investors.

Parsons Stock Up 5.1 %

NYSE PSN opened at $60.34 on Monday. Parsons Co. has a 52 week low of $54.56 and a 52 week high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.44 billion, a P/E ratio of 79.39, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The stock’s 50-day moving average price is $78.64 and its 200-day moving average price is $92.84.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PSN. The Goldman Sachs Group decreased their price objective on shares of Parsons from $109.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Truist Financial decreased their target price on shares of Parsons from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Raymond James downgraded Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. TD Cowen cut Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Friday, February 21st. Finally, William Blair raised Parsons from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Parsons presently has an average rating of “Moderate Buy” and a consensus target price of $99.44.

About Parsons

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.