Norfolk Southern Co. (NYSE:NSC) Shares Bought by Zhang Financial LLC

Zhang Financial LLC grew its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,126 shares of the railroad operator’s stock after purchasing an additional 166 shares during the period. Zhang Financial LLC’s holdings in Norfolk Southern were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NSC. Highline Wealth Partners LLC purchased a new stake in Norfolk Southern in the third quarter valued at about $25,000. Morse Asset Management Inc purchased a new position in Norfolk Southern during the 3rd quarter worth approximately $30,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern in the 2nd quarter valued at $31,000. Coastline Trust Co acquired a new stake in shares of Norfolk Southern in the third quarter worth $32,000. Finally, Capital Performance Advisors LLP purchased a new position 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.

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $245.39 on Tuesday. 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 Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The business has a 50-day moving average of $251.08 and a two-hundred day moving average of $246.84.

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. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted $2.65 earnings per share. Norfolk Southern’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $255.00 per share, with a total value of $255,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. This trade represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NSC shares. UBS Group upped their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upped their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America lifted their price objective on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Loop Capital boosted their target price on shares of Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Susquehanna lowered their price target on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.