Heritage Investors Management Corp cut its stake in Norfolk Southern Corp. (NYSE:NSC) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,400 shares of the railroad operator’s stock after selling 362 shares during the quarter. Heritage Investors Management Corp’s holdings in Norfolk Southern were worth $11,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Norfolk Southern by 159.5% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 192 shares of the railroad operator’s stock worth $34,000 after buying an additional 118 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of Norfolk Southern in the second quarter worth approximately $35,000. Vigilant Capital Management LLC purchased a new position in shares of Norfolk Southern in the third quarter worth approximately $36,000. Larson Financial Group LLC boosted its holdings in shares of Norfolk Southern by 7,100.0% in the third quarter. Larson Financial Group LLC now owns 216 shares of the railroad operator’s stock worth $39,000 after buying an additional 213 shares during the last quarter. Finally, Strategic Blueprint LLC purchased a new position in shares of Norfolk Southern in the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 71.54% of the company’s stock.

NYSE:NSC traded up $1.54 during trading hours on Tuesday, hitting $201.82. 953,417 shares of the stock traded hands, compared to its average volume of 1,247,517. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.73. Norfolk Southern Corp. has a 1 year low of $160.19 and a 1 year high of $211.46. The company has a market cap of $51.51 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. The stock has a 50 day moving average price of $193.66 and a 200 day moving average price of $187.03.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.08). Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm posted $2.52 EPS. Norfolk Southern’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts forecast that Norfolk Southern Corp. will post 10.17 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Bank of America downgraded shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price objective on the stock. in a report on Wednesday, October 23rd. Cowen reissued a “buy” rating and issued a $215.00 price objective on shares of Norfolk Southern in a report on Wednesday, October 23rd. Wells Fargo & Co assumed coverage on shares of Norfolk Southern in a report on Monday, October 28th. They issued a “market perform” rating and a $216.00 price objective on the stock. ValuEngine raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of Norfolk Southern from a “sell” rating to a “hold” rating and set a $162.00 price target on the stock in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $202.59.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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