Atlantic Edge Private Wealth Management LLC Sells 100 Shares of Norfolk Southern Corporation $NSC

Atlantic Edge Private Wealth Management LLC trimmed its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,425 shares of the railroad operator’s stock after selling 100 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Norfolk Southern were worth $621,000 at the end of the most recent reporting period.

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 about $27,000. HWG Holdings LP purchased a new stake in Norfolk Southern during the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its position 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 purchasing an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Norfolk Southern during the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its position in Norfolk Southern by 883.3% during the 1st 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 last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NSC. Robert W. Baird upped their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Barclays upped their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group restated a “hold” rating and set a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. Royal Bank Of Canada cut shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein upped their target price on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has an average rating of “Hold” and an average target price of $293.80.

Norfolk Southern Price Performance

NYSE NSC opened at $290.91 on Tuesday. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24. The firm has a market capitalization of $65.34 billion, a P/E ratio of 19.66, a PEG ratio of 2.60 and a beta of 1.33. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $285.39 and a 200-day moving average price of $260.77.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

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.