HB Wealth Management LLC Purchases 1,486 Shares of Norfolk Southern Co. (NYSE:NSC)

HB Wealth Management LLC grew its position in shares of Norfolk Southern Co. (NYSE:NSC) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,405 shares of the railroad operator’s stock after buying an additional 1,486 shares during the quarter. HB Wealth Management LLC’s holdings in Norfolk Southern were worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont increased its holdings in Norfolk Southern by 0.9% during the 4th quarter. Trust Co. of Vermont now owns 31,245 shares of the railroad operator’s stock valued at $7,333,000 after purchasing an additional 270 shares in the last quarter. Howard Financial Services LTD. increased its stake in shares of Norfolk Southern by 4.2% in the fourth quarter. Howard Financial Services LTD. now owns 1,791 shares of the railroad operator’s stock valued at $420,000 after buying an additional 72 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of Norfolk Southern by 25.5% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,969 shares of the railroad operator’s stock valued at $462,000 after buying an additional 400 shares during the last quarter. Brooklyn Investment Group grew its holdings in Norfolk Southern by 9.6% during the 4th quarter. Brooklyn Investment Group now owns 1,510 shares of the railroad operator’s stock worth $354,000 after acquiring an additional 132 shares during the last quarter. Finally, Albert D Mason Inc. raised its stake in shares of Norfolk Southern by 0.7% in the fourth quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock worth $1,615,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NSC opened at $245.39 on Friday. The stock has a 50 day simple moving average of $251.08 and a 200 day simple moving average of $246.41. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The firm has a market capitalization of $55.52 billion, a PE ratio of 23.04, a P/E/G ratio of 2.11 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 earnings per share. Sell-side analysts predict that Norfolk Southern Co. will post 11.79 EPS for the current fiscal year.

Insider Buying and Selling at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

NSC has been the subject of a number of research reports. Sanford C. Bernstein raised their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Benchmark lifted their target price on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen boosted their price objective on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.