Probity Advisors Inc. Sells 37 Shares of Norfolk Southern Corporation $NSC

Probity Advisors Inc. cut its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,103 shares of the railroad operator’s stock after selling 37 shares during the period. Probity Advisors Inc.’s holdings in Norfolk Southern were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in Norfolk Southern during the 1st quarter valued at $27,000. HWG Holdings LP bought a new stake in Norfolk Southern during the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. raised 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 in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Norfolk Southern during the 1st quarter valued at $41,000. Finally, Golden State Wealth Management LLC raised 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 in the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Up 0.4%

Shares of NSC stock opened at $290.91 on Tuesday. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. The stock’s fifty day moving average price is $285.39 and its 200 day moving average price is $260.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The company has a market cap of $65.34 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33.

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

Wall Street Analyst Weigh In

NSC has been the subject of several recent research reports. Bank of America boosted 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. TD Cowen raised Norfolk Southern from a “hold” rating to a “buy” rating and boosted their price target for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Baird R W raised Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Jefferies Financial Group reissued a “hold” rating and issued a $300.00 price target on shares of Norfolk Southern in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted 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 investment 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, Norfolk Southern currently has an average rating of “Hold” and an average price target of $293.80.

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.