Company Overview - Parsons Corporation is a leading provider of advanced solutions for defense, intelligence, and critical infrastructure, leveraging expertise in cybersecurity, geospatial analytics, and complex systems integration [6] - The company has a workforce of 20,000 and operates globally, addressing mission-critical challenges for government and commercial clients [6] - Parsons generates revenue primarily through long-term government contracts and specialized services for public and private sector clients in high-security and infrastructure domains [8] Recent Developments - Kettle Hill Capital Management has significantly increased its stake in Parsons Corporation, acquiring an additional 278,919 shares, bringing its total holdings to 373,180 shares valued at approximately $30.94 million as of September 30, 2025 [2][9] - This position now represents 6.96% of Kettle Hill's total reportable U.S. equity holdings, making Parsons the firm's second-largest holding [2][3] Financial Metrics - As of December 5, 2025, Parsons shares were priced at $67.22, with a market capitalization of $7.02 billion [4] - The company's revenue for the trailing twelve months (TTM) is reported at $6.49 billion, with a net income of $450.54 million [4] Stock Performance - Parsons' stock has experienced a decline of approximately 30.8% over the past year, underperforming the S&P 500 by 45.67 percentage points [3] - The stock has recently faced challenges due to the FAA selecting a competitor for a multi-billion contract, leading to analyst downgrades and a 24% decline in stock price over the last month [10] Valuation Insights - Currently, Parsons trades at a price-to-earnings (P/E) multiple of 19x, significantly below its three-year average of 41x, indicating a potential investment opportunity for opportunistic investors [11]