Norfolk Southern Co. (NYSE:NSC) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its holdings in Norfolk Southern Co. (NYSE:NSC) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,507 shares of the railroad operator’s stock after acquiring an additional 49 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Norfolk Southern were worth $588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NSC. Highline Wealth Partners LLC purchased a new position in Norfolk Southern in the third quarter valued at about $25,000. Morse Asset Management Inc acquired a new stake in shares of Norfolk Southern in the third quarter valued at about $30,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern during the 2nd quarter valued at about $31,000. Coastline Trust Co acquired a new position in Norfolk Southern during the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP purchased a new position in Norfolk Southern in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insiders Place Their Bets

In other 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 cost 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 approximately $2,550,000. The trade was a 11.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $251.96 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The firm has a 50-day simple moving average of $250.56 and a 200 day simple moving average of $247.04. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a market cap of $57.00 billion, a PE ratio of 23.66, a P/E/G ratio of 2.23 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the firm earned $2.65 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NSC shares. UBS Group lifted their price objective 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. Loop Capital boosted their price objective on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research note on Friday, October 11th. Barclays boosted their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price objective on Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.