BWM Planning LLC Takes $601,000 Position in Norfolk Southern Corporation $NSC

BWM Planning LLC purchased a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,000 shares of the railroad operator’s stock, valued at approximately $601,000.

A number of other hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC boosted its holdings in shares of Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. BNP Paribas acquired a new position in shares of Norfolk Southern during the 2nd quarter worth $26,000. True Wealth Design LLC lifted its position in shares of Norfolk Southern by 423.8% during the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after buying an additional 89 shares during the last quarter. Highline Wealth Partners LLC boosted its stake in Norfolk Southern by 68.9% in the third quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock valued at $31,000 after buying an additional 42 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in Norfolk Southern by 58.5% in the second quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded Norfolk Southern from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Evercore ISI lifted their price target on shares of Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. Robert W. Baird set a $293.00 price objective on shares of Norfolk Southern in a research note on Friday, December 5th. JPMorgan Chase & Co. cut their target price on shares of Norfolk Southern from $303.00 to $301.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, BMO Capital Markets boosted their target price on shares of Norfolk Southern from $285.00 to $305.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $303.52.

Insider Buying and Selling

In related news, Director Richard H. Anderson acquired 2,600 shares of the stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $1,973,020. The trade was a 59.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameh Fahmy acquired 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $282.97 per share, for a total transaction of $466,900.50. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at $3,395,640. This trade represents a 15.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 4,454 shares of company stock valued at $1,259,874 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Norfolk Southern Trading Down 0.6%

NSC opened at $287.31 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.78. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company’s 50 day moving average price is $289.75 and its two-hundred day moving average price is $284.76. The firm has a market capitalization of $64.47 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 5.06 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.11 billion. Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. Norfolk Southern’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $3.25 EPS. As a group, research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.