Evermay Wealth Management LLC Decreases Stock Position in Norfolk Southern Corporation $NSC

Evermay Wealth Management LLC lessened its stake in Norfolk Southern Corporation (NYSE:NSC) by 2.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,570 shares of the railroad operator’s stock after selling 100 shares during the period. Evermay Wealth Management LLC’s holdings in Norfolk Southern were worth $914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Norfolk Southern in the first quarter valued at approximately $27,000. HWG Holdings LP acquired a new stake in Norfolk Southern during the first quarter worth $35,000. Physician Wealth Advisors Inc. increased its stake in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Norfolk Southern during the first quarter worth $41,000. Finally, Golden State Wealth Management LLC grew its stake 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 buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSC shares. 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. Benchmark downgraded Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday, October 8th. Finally, Bank of America boosted their price target on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and a consensus target price of $293.80.

Norfolk Southern Stock Performance

NYSE NSC opened at $289.86 on Monday. The business’s 50 day moving average is $285.14 and its two-hundred day moving average is $260.20. The stock has a market capitalization of $65.11 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.60 and a beta of 1.33. 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.

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

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.