Norfolk Southern Corporation $NSC Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC cut its position in Norfolk Southern Corporation (NYSE:NSC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,570 shares of the railroad operator’s stock after selling 100 shares during the period. Evermay Wealth Management LLC’s holdings in Norfolk Southern were worth $914,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares during the period. Morningstar Investment Management LLC acquired a new position in shares of Norfolk Southern in the second quarter valued at about $597,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Norfolk Southern by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 71,463 shares of the railroad operator’s stock valued at $16,925,000 after purchasing an additional 2,782 shares during the period. GC Wealth Management RIA LLC increased its holdings in shares of Norfolk Southern by 52.5% in the second quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock valued at $1,137,000 after purchasing an additional 1,528 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Norfolk Southern by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock valued at $19,468,000 after purchasing an additional 3,367 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on NSC. Citigroup raised their target price on Norfolk Southern from $305.00 to $316.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. TD Cowen raised Norfolk Southern from a “hold” rating to a “buy” rating and raised their target price for the stock from $263.00 to $323.00 in a report on Monday, July 21st. Barclays raised their target price on Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Bank of America increased their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $293.80.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $289.86 on Monday. The company has a market capitalization of $65.11 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.60 and a beta of 1.33. The business’s 50 day moving average is $285.14 and its two-hundred day moving average is $260.20. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate 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. Analysts expect 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.