Albion Financial Group UT Takes $116,000 Position in Norfolk Southern Co. (NYSE:NSC)

Albion Financial Group UT acquired a new stake in Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 495 shares of the railroad operator’s stock, valued at approximately $116,000.

A number of other hedge funds have also recently made changes to their positions in the business. Dakota Wealth Management grew its stake in Norfolk Southern by 13.3% during the fourth quarter. Dakota Wealth Management now owns 8,161 shares of the railroad operator’s stock valued at $1,915,000 after acquiring an additional 955 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Norfolk Southern by 6.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,102 shares of the railroad operator’s stock valued at $259,000 after purchasing an additional 67 shares during the last quarter. Aspire Private Capital LLC grew its position in shares of Norfolk Southern by 23.9% during the fourth quarter. Aspire Private Capital LLC now owns 1,261 shares of the railroad operator’s stock valued at $296,000 after purchasing an additional 243 shares in the last quarter. Roberts Wealth Advisors LLC increased its holdings in shares of Norfolk Southern by 43.2% in the fourth quarter. Roberts Wealth Advisors LLC now owns 3,150 shares of the railroad operator’s stock worth $757,000 after purchasing an additional 950 shares during the last quarter. Finally, Transform Wealth LLC lifted its position in shares of Norfolk Southern by 18.6% in the fourth quarter. Transform Wealth LLC now owns 1,080 shares of the railroad operator’s stock worth $253,000 after buying an additional 169 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Norfolk Southern Trading Down 0.0 %

NSC stock opened at $251.74 on Thursday. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The firm’s 50-day moving average is $250.25 and its 200 day moving average is $247.30. The company has a market capitalization of $56.95 billion, a PE ratio of 23.64, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating 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 firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on NSC. JPMorgan Chase & Co. raised their price target on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Benchmark upped their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America lifted their price target on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen upped their price objective on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.