Signature Estate & Investment Advisors LLC Sells 110 Shares of Norfolk Southern Corporation $NSC

Signature Estate & Investment Advisors LLC lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,867 shares of the railroad operator’s stock after selling 110 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Norfolk Southern were worth $478,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WPG Advisers LLC bought a new stake in shares of Norfolk Southern in the 1st quarter valued at about $27,000. HWG Holdings LP bought a new stake in Norfolk Southern in the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. increased its position in Norfolk Southern by 129.2% during 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 worth approximately $41,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 159 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Citigroup raised their target price on Norfolk Southern from $305.00 to $316.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Evercore ISI increased their price target on Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Susquehanna increased their target price on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $293.80.

Norfolk Southern Stock Up 0.4%

Norfolk Southern stock opened at $290.91 on Tuesday. The firm has a market capitalization of $65.34 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The firm’s fifty day moving average price is $285.39 and its two-hundred day moving average price is $260.77. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. 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 (NYSE:NSC) last posted its 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. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The company 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. On average, equities research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal 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.