Accurate Wealth Management LLC Buys Shares of 1,524 Norfolk Southern Co. (NYSE:NSC)

Accurate Wealth Management LLC bought a new position in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,524 shares of the railroad operator's stock, valued at approximately $357,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NSC. Mayfair Advisory Group LLC grew its stake in shares of Norfolk Southern by 2.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 5,001 shares of the railroad operator's stock worth $1,174,000 after acquiring an additional 133 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in Norfolk Southern by 5.4% in the fourth quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator's stock valued at $225,000 after buying an additional 49 shares during the last quarter. Grandview Asset Management LLC acquired a new stake in Norfolk Southern during the 4th quarter worth $918,000. Miracle Mile Advisors LLC increased its position in Norfolk Southern by 132.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,291 shares of the railroad operator's stock valued at $772,000 after acquiring an additional 1,875 shares during the period. Finally, Davis Investment Partners LLC purchased a new stake in shares of Norfolk Southern during the fourth quarter worth approximately $306,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Susquehanna cut their price objective on Norfolk Southern from $285.00 to $265.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Citigroup upped their price objective on Norfolk Southern from $302.00 to $316.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their price target on shares of Norfolk Southern from $272.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. UBS Group boosted their price target on Norfolk Southern from $289.00 to $309.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their target price on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $275.68.

Norfolk Southern Stock Performance

NYSE NSC traded down $1.72 during midday trading on Friday, hitting $245.39. The company had a trading volume of 1,017,501 shares, compared to its average volume of 989,003. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The stock has a market cap of $55.52 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.11 and a beta of 1.34. The firm has a fifty day simple moving average of $251.60 and a two-hundred day simple moving average of $246.19.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Norfolk Southern Co. will post 11.79 earnings per share for the current fiscal year.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, with a total value of $87,279.50. Following the purchase, the director now owns 10,350 shares in the company, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern 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.