Alan B Lancz & Associates Inc. Decreases Stock Position in Norfolk Southern Corporation $NSC

Alan B Lancz & Associates Inc. lessened its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,941 shares of the railroad operator’s stock after selling 100 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Norfolk Southern were worth $753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Norfolk Southern during the 1st quarter valued at $27,000. HWG Holdings LP purchased a new stake in Norfolk Southern during the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. raised its holdings in Norfolk Southern by 129.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Norfolk Southern in the first quarter worth $41,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NSC. Sanford C. Bernstein upped their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Evercore ISI upped their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Loop Capital raised their target price on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research report on Tuesday, September 16th. Baird R W upgraded Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Finally, Barclays increased their price objective on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Price Performance

NYSE NSC opened at $289.86 on Monday. The company has a market cap of $65.11 billion, a PE ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33. The firm’s 50 day moving average price is $285.14 and its 200-day moving average price is $260.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. Norfolk Southern has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal 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.