Norfolk Southern Co. (NYSE:NSC) Shares Acquired by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC grew its stake in Norfolk Southern Co. (NYSE:NSC) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,608 shares of the railroad operator’s stock after acquiring an additional 57 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Norfolk Southern were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC purchased a new position in shares of Norfolk Southern during the 3rd quarter worth $25,000. Morse Asset Management Inc purchased a new position in shares of Norfolk Southern during the 3rd quarter worth $30,000. HWG Holdings LP purchased a new position in shares of Norfolk Southern during the 2nd quarter worth $31,000. Coastline Trust Co purchased a new position in shares of Norfolk Southern during the 3rd quarter worth $32,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Norfolk Southern during the 3rd quarter worth $33,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 0.7 %

NSC opened at $245.39 on Friday. The firm has a market cap of $55.52 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.34. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The business’s 50 day moving average is $251.60 and its two-hundred day moving average is $246.19. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 earnings per share. On average, research analysts predict that Norfolk Southern Co. will post 11.79 EPS for the current year.

Insider Activity

In related news, Director Sameh Fahmy bought 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. This trade represents a 11.11 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

NSC has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays raised their target price on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Benchmark raised their target price on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their target price on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.68.

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.