Roof Eidam & Maycock ADV Sells 300 Shares of Norfolk Southern Corp. (NYSE:NSC)

Roof Eidam & Maycock ADV lowered its position in Norfolk Southern Corp. (NYSE:NSC) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,900 shares of the railroad operator’s stock after selling 300 shares during the quarter. Roof Eidam & Maycock ADV’s holdings in Norfolk Southern were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Compass Ion Advisors LLC acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $447,000. Merit Financial Group LLC acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $424,000. Cerebellum GP LLC increased its stake in shares of Norfolk Southern by 11.4% in the fourth quarter. Cerebellum GP LLC now owns 2,887 shares of the railroad operator’s stock valued at $560,000 after buying an additional 295 shares during the period. M. Kraus & Co increased its stake in shares of Norfolk Southern by 1.1% in the fourth quarter. M. Kraus & Co now owns 48,303 shares of the railroad operator’s stock valued at $9,377,000 after buying an additional 540 shares during the period. Finally, Cullinan Associates Inc. increased its position in Norfolk Southern by 3.4% during the 4th quarter. Cullinan Associates Inc. now owns 5,894 shares of the railroad operator’s stock valued at $1,144,000 after purchasing an additional 194 shares during the period. 71.54% of the stock is owned by institutional investors.

Norfolk Southern stock traded up $0.93 during mid-day trading on Friday, hitting $207.18. The company had a trading volume of 54,190 shares, compared to its average volume of 1,586,258. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $194.10 and its two-hundred day moving average price is $187.16. Norfolk Southern Corp. has a 12 month low of $160.19 and a 12 month high of $211.46. The company has a market capitalization of $52.59 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the firm posted $2.52 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Norfolk Southern Corp. will post 10.15 EPS for the current year.

A number of research firms have weighed in on NSC. TD Securities downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating and decreased their target price for the company from $205.00 to $200.00 in a research report on Thursday, December 19th. Bank of America downgraded shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 target price for the company. in a research report on Wednesday, October 23rd. Cowen reissued a “buy” rating and set a $215.00 target price on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Barclays decreased their target price on shares of Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Zacks Investment Research raised shares of Norfolk Southern from a “sell” rating to a “hold” rating and set a $162.00 target price for the company in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $202.59.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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