Trust Co. of Vermont Has $7.33 Million Stake in Norfolk Southern Co. (NYSE:NSC)

Trust Co. of Vermont raised its holdings in Norfolk Southern Co. (NYSE:NSC) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,245 shares of the railroad operator’s stock after buying an additional 270 shares during the period. Trust Co. of Vermont’s holdings in Norfolk Southern were worth $7,333,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lake Street Advisors Group LLC raised its holdings in shares of Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after acquiring an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in shares of Norfolk Southern by 2.4% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock worth $435,000 after purchasing an additional 41 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its stake in Norfolk Southern by 4.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock valued at $256,000 after purchasing an additional 42 shares in the last quarter. Stratos Investment Management LLC lifted its position in Norfolk Southern by 3.8% during the third quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock valued at $287,000 after purchasing an additional 42 shares during the last quarter. Finally, Archer Investment Corp grew its stake in Norfolk Southern by 2.3% in the 3rd quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after buying an additional 43 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.7 %

Norfolk Southern stock traded down $1.72 on Friday, hitting $245.39. 1,024,019 shares of the stock traded hands, compared to its average volume of 970,692. The business’s fifty day simple moving average is $251.60 and its 200 day simple moving average is $246.19. The firm has a market cap of $55.52 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.34. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.

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

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NSC has been the subject of several research reports. Stephens reiterated an “equal weight” rating and issued a $263.00 target price on shares of Norfolk Southern in a research report on Wednesday, October 23rd. Susquehanna decreased their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Sanford C. Bernstein upped their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Benchmark raised their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and an average price target of $275.68.

About Norfolk Southern

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.