Alan B Lancz & Associates Inc. Cuts Stock Position in Norfolk Southern Corporation $NSC

Alan B Lancz & Associates Inc. lowered its position in Norfolk Southern Corporation (NYSE:NSC) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,941 shares of the railroad operator’s stock after selling 100 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Norfolk Southern were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its position in shares of Norfolk Southern by 1.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock worth $622,000 after buying an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Norfolk Southern by 30.5% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after buying an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida grew its position in shares of Norfolk Southern by 4.9% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after buying an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in shares of Norfolk Southern by 1.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after buying an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC grew its position in shares of Norfolk Southern by 3.3% in the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock worth $372,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $289.86 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The company has a 50 day simple moving average of $285.14 and a two-hundred day simple moving average of $260.20. The stock has a market cap of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NSC shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Robert W. Baird boosted their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Barclays boosted their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Finally, Susquehanna boosted their target price on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $293.80.

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.