Fiduciary Family Office LLC Sells 516 Shares of Norfolk Southern Corporation $NSC

Fiduciary Family Office LLC lessened its holdings in Norfolk Southern Corporation (NYSE:NSC) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,238 shares of the railroad operator’s stock after selling 516 shares during the quarter. Fiduciary Family Office LLC’s holdings in Norfolk Southern were worth $1,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NSC. WPG Advisers LLC acquired a new stake in Norfolk Southern during the 1st quarter valued at approximately $27,000. HWG Holdings LP acquired a new stake in Norfolk Southern in the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. grew its position in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after purchasing an additional 84 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Norfolk Southern during the 1st quarter valued at $41,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $290.91 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The stock has a 50 day moving average price of $285.39 and a two-hundred day moving average price of $260.77. The company has a market capitalization of $65.34 billion, a P/E ratio of 19.66, 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 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NSC. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Barclays boosted their price objective on Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Citigroup boosted their price objective on Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Bank of America lifted their target price on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Loop Capital lifted their target price on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $293.80.

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.