apricus wealth LLC Acquires 256 Shares of Norfolk Southern Co. (NYSE:NSC)

apricus wealth LLC boosted its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,436 shares of the railroad operator’s stock after purchasing an additional 256 shares during the quarter. apricus wealth LLC’s holdings in Norfolk Southern were worth $337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional raised its holdings in Norfolk Southern by 10.9% in the 4th quarter. CX Institutional now owns 2,572 shares of the railroad operator’s stock valued at $604,000 after acquiring an additional 253 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $228,000. Brighton Jones LLC grew its holdings in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after buying an additional 79 shares in the last quarter. Red Door Wealth Management LLC increased its position in Norfolk Southern by 3.7% during the 4th quarter. Red Door Wealth Management LLC now owns 1,468 shares of the railroad operator’s stock worth $345,000 after buying an additional 53 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Norfolk Southern by 10.0% during the fourth quarter. Avior Wealth Management LLC now owns 723 shares of the railroad operator’s stock worth $170,000 after buying an additional 66 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $263.00 price objective on shares of Norfolk Southern in a report on Wednesday, October 23rd. Sanford C. Bernstein raised their price objective on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Stifel Nicolaus upped their target price on Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, October 11th. Benchmark raised 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. Finally, TD Cowen increased their price objective on shares of Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern presently has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, with a total value of $87,279.50. Following the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents 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 at this hyperlink. 0.19% of the stock is owned by company insiders.

Norfolk Southern Stock Down 0.5 %

Shares of NYSE:NSC opened at $254.91 on Friday. The firm has a market cap of $57.67 billion, a P/E ratio of 23.93, a P/E/G 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. The business has a fifty day simple moving average of $249.73 and a 200 day simple moving average 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.

Norfolk Southern (NYSE:NSC) last announced its 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 return on equity of 20.25% and a net margin of 19.85%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Norfolk Southern 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.