Norfolk Southern Co. (NYSE:NSC) Stock Holdings Lifted by Red Door Wealth Management LLC

Red Door Wealth Management LLC raised its position in Norfolk Southern Co. (NYSE:NSC) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468 shares of the railroad operator’s stock after purchasing an additional 53 shares during the quarter. Red Door Wealth Management LLC’s holdings in Norfolk Southern were worth $345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in Norfolk Southern in the third quarter valued at about $25,000. Morse Asset Management Inc purchased a new position in Norfolk Southern in the third quarter valued at about $30,000. HWG Holdings LP purchased a new position in Norfolk Southern in the second quarter valued at about $31,000. Coastline Trust Co purchased a new position in Norfolk Southern in the third quarter valued at about $32,000. Finally, Capital Performance Advisors LLP purchased a new position in Norfolk Southern in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In related news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the purchase, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NSC shares. Wells Fargo & Company lowered their target price on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital boosted their price target on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Benchmark boosted their price target on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group boosted their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Trading Down 0.5 %

Norfolk Southern stock opened at $254.91 on Friday. The business has a 50 day moving average price of $249.73 and a two-hundred day moving average price of $247.39. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The stock has a market cap of $57.67 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.65 EPS. As a group, equities analysts forecast that Norfolk Southern Co. will post 11.78 EPS for the current year.

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.