Schwarz Dygos Wheeler Investment Advisors LLC Purchases 97 Shares of Norfolk Southern Corp. (NYSE:NSC)

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Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,974 shares of the railroad operator’s stock after purchasing an additional 97 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Norfolk Southern were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NSC. Prestige Wealth Management Group LLC bought a new position in shares of Norfolk Southern in the second quarter worth $35,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Norfolk Southern by 159.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 192 shares of the railroad operator’s stock worth $34,000 after acquiring an additional 118 shares during the period. Vigilant Capital Management LLC bought a new stake in shares of Norfolk Southern in the 3rd quarter worth approximately $36,000. Larson Financial Group LLC lifted its position in shares of Norfolk Southern by 7,100.0% in the 3rd quarter. Larson Financial Group LLC now owns 216 shares of the railroad operator’s stock worth $39,000 after acquiring an additional 213 shares during the period. Finally, Strategic Blueprint LLC bought a new stake in shares of Norfolk Southern in the 3rd quarter worth approximately $42,000. Institutional investors own 71.54% of the company’s stock.

Shares of NYSE:NSC traded up $0.45 during midday trading on Thursday, hitting $204.43. The company’s stock had a trading volume of 34,614 shares, compared to its average volume of 1,246,186. The business’s 50 day simple moving average is $193.89 and its 200 day simple moving average is $187.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.73. The company has a market cap of $52.59 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. Norfolk Southern Corp. has a 12-month low of $160.19 and a 12-month high of $211.46.

Norfolk Southern (NYSE:NSC) last issued its quarterly 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 net margin of 23.98% and a return on equity of 18.22%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, sell-side analysts predict that Norfolk Southern Corp. will post 10.15 earnings per share for the current fiscal year.

Several research firms have recently weighed in on NSC. Cowen reaffirmed a “buy” rating and issued a $215.00 price target on shares of Norfolk Southern in a report on Wednesday, October 23rd. Barclays decreased their price target on Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. ValuEngine upgraded Norfolk Southern from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America lowered Norfolk Southern from a “buy” rating to a “neutral” rating and set a $198.00 price target on the stock. in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Co assumed coverage on Norfolk Southern in a research note on Monday, October 28th. They issued a “market perform” rating and a $216.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $202.59.

About Norfolk Southern

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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