Norfolk Southern Co. (NYSE:NSC) Stock Holdings Decreased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,313 shares of the railroad operator’s stock after selling 280 shares during the quarter. Norfolk Southern accounts for 1.8% of Uncommon Cents Investing LLC’s portfolio, making the stock its 7th biggest holding. Uncommon Cents Investing LLC’s holdings in Norfolk Southern were worth $6,176,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Highline Wealth Partners LLC purchased a new stake in shares of Norfolk Southern during the third quarter valued at $25,000. Morse Asset Management Inc bought a new stake in Norfolk Southern during the 3rd quarter valued at about $30,000. Coastline Trust Co purchased a new stake in Norfolk Southern in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Norfolk Southern in the third quarter worth approximately $33,000. Finally, HWG Holdings LP purchased a new stake in shares of Norfolk Southern in the 2nd quarter worth $31,000. Institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sameh Fahmy purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the purchase, the director now owns 10,350 shares of the company’s stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $245.39 on Monday. The business’s 50 day moving average price is $251.08 and its 200 day moving average price is $246.63. The firm has a market cap of $55.52 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.11 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the company earned $2.65 earnings per share. Norfolk Southern’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NSC. Jefferies Financial Group upped their price objective on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a report on Friday, October 11th. Royal Bank of Canada upped their target price on Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein lifted their price target on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.68.

About Norfolk Southern

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.