Norfolk Southern Co. (NYSE:NSC) Shares Sold by Brookstone Capital Management

Brookstone Capital Management decreased its position in Norfolk Southern Co. (NYSE:NSC) by 54.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,993 shares of the railroad operator’s stock after selling 3,596 shares during the quarter. Brookstone Capital Management’s holdings in Norfolk Southern were worth $702,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NSC. Fiduciary Alliance LLC bought a new position in Norfolk Southern during the 4th quarter worth $281,000. Czech National Bank grew its position in Norfolk Southern by 6.5% in the 4th quarter. Czech National Bank now owns 49,054 shares of the railroad operator’s stock valued at $11,513,000 after buying an additional 2,996 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in Norfolk Southern by 14.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,859 shares of the railroad operator’s stock valued at $906,000 after buying an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Norfolk Southern by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,033 shares of the railroad operator’s stock valued at $11,191,000 after acquiring an additional 270 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in Norfolk Southern by 2.1% in the fourth quarter. First Hawaiian Bank now owns 21,409 shares of the railroad operator’s stock worth $5,025,000 after purchasing an additional 440 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.7 %

Shares of NSC opened at $245.39 on Friday. The business’s 50 day simple moving average is $251.60 and its 200-day simple moving average is $246.19. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The company has a market capitalization of $55.52 billion, a P/E ratio of 23.04, a PEG ratio of 2.11 and a beta of 1.34. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $2.65 EPS. As a group, sell-side analysts predict that Norfolk Southern Co. will post 11.79 EPS for the current fiscal year.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $255.00 per share, with a total value of $255,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $2,550,000. The trade was a 11.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Evercore ISI reduced their price objective on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Loop Capital boosted their price target on shares of Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Bank of America raised their target price on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $275.68.

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.