Transform Wealth LLC Has $253,000 Stake in Norfolk Southern Co. (NYSE:NSC)

Transform Wealth LLC boosted its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080 shares of the railroad operator’s stock after acquiring an additional 169 shares during the quarter. Transform Wealth LLC’s holdings in Norfolk Southern were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth about $25,000. Morse Asset Management Inc bought a new stake in Norfolk Southern during the third quarter worth about $30,000. HWG Holdings LP acquired a new stake in shares of Norfolk Southern during the second quarter worth approximately $31,000. Coastline Trust Co bought a new position in shares of Norfolk Southern in the third quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Norfolk Southern in the 3rd quarter worth approximately $33,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Up 2.7 %

NYSE:NSC opened at $251.96 on Wednesday. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.23 and a beta of 1.34. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The business’s 50-day moving average price is $250.56 and its two-hundred day moving average price is $247.04. 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 (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. Norfolk Southern’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.65 EPS. On average, equities analysts expect that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. 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. Stephens reaffirmed an “equal weight” rating and issued a $263.00 price target on shares of Norfolk Southern in a report on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on shares of Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a report on Friday, October 11th. Jefferies Financial Group boosted their target price on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, UBS Group increased their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy purchased 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $2,550,000. This trade represents a 11.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

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.