LongView Wealth Management Sells 93 Shares of Norfolk Southern Co. (NYSE:NSC)

LongView Wealth Management lowered its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,070 shares of the railroad operator’s stock after selling 93 shares during the period. LongView Wealth Management’s holdings in Norfolk Southern were worth $486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group increased its position in shares of 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 purchasing an additional 132 shares in the last quarter. Albert D Mason Inc. lifted its stake in shares of Norfolk Southern by 0.7% during the fourth quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock valued at $1,615,000 after acquiring an additional 46 shares during the period. Somerset Trust Co boosted its holdings in Norfolk Southern by 2.6% in the fourth quarter. Somerset Trust Co now owns 16,704 shares of the railroad operator’s stock valued at $3,920,000 after acquiring an additional 429 shares during the last quarter. Merit Financial Group LLC raised its holdings in Norfolk Southern by 21.6% during the 4th quarter. Merit Financial Group LLC now owns 8,982 shares of the railroad operator’s stock worth $2,108,000 after purchasing an additional 1,593 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in Norfolk Southern by 0.7% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,975 shares of the railroad operator’s stock valued at $3,045,000 after purchasing an additional 95 shares during the period. Institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the transaction, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

NSC has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Barclays upped their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Stock Performance

NSC opened at $245.39 on Friday. 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 $55.52 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.11 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. The business has a 50 day moving average of $251.60 and a 200-day moving average of $246.19.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 earnings per share. On average, equities research analysts expect that Norfolk Southern Co. will post 11.79 earnings per share 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.