Fiduciary Family Office LLC Sells 516 Shares of Norfolk Southern Corporation $NSC

Fiduciary Family Office LLC trimmed its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 10.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,238 shares of the railroad operator’s stock after selling 516 shares during the period. Fiduciary Family Office LLC’s holdings in Norfolk Southern were worth $1,085,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Norfolk Southern during the 1st quarter worth about $27,000. HWG Holdings LP acquired a new stake in Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its position in shares of Norfolk Southern by 129.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after buying an additional 84 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Norfolk Southern during the 1st quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC grew its position in shares of Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSC. TD Cowen raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $263.00 to $323.00 in a research note on Monday, July 21st. Benchmark lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Barclays boosted their price objective on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Baird R W raised shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $293.80.

Norfolk Southern Trading Up 0.4%

NSC stock 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 company’s 50-day simple moving average is $285.39 and its 200 day simple moving average is $260.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The company has a market capitalization of $65.34 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data 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 net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, sell-side 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.