Norfolk Southern Co. (NYSE:NSC) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management lessened its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,063 shares of the railroad operator’s stock after selling 70 shares during the quarter. Triangle Securities Wealth Management’s holdings in Norfolk Southern were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC acquired a new stake in shares of Norfolk Southern during the third quarter worth $25,000. Morse Asset Management Inc acquired a new stake in shares of Norfolk Southern during the third quarter worth $30,000. HWG Holdings LP acquired a new stake in shares of Norfolk Southern during the second quarter worth $31,000. Coastline Trust Co acquired a new stake in shares of Norfolk Southern during the third quarter worth $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Norfolk Southern during the third quarter worth $33,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of Norfolk Southern stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

NSC has been the topic of several recent analyst reports. Loop Capital upped their price target on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and set a $263.00 price target on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Barclays upped their price target on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Trading Down 0.7 %

Norfolk Southern stock opened at $245.39 on Monday. 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 stock has a market capitalization of $55.52 billion, a P/E ratio of 23.04, a PEG ratio of 2.11 and a beta of 1.34. The stock has a 50-day simple moving average of $251.08 and a 200 day simple moving average of $246.63.

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

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.