Brooklyn Investment Group Buys 132 Shares of Norfolk Southern Co. (NYSE:NSC)

Brooklyn Investment Group increased its stake in Norfolk Southern Co. (NYSE:NSC) by 9.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,510 shares of the railroad operator’s stock after buying an additional 132 shares during the quarter. Brooklyn Investment Group’s holdings in Norfolk Southern were worth $354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSC. Mizuho Securities USA LLC grew its stake in Norfolk Southern by 18,831.2% during the third quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after acquiring an additional 3,280,579 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in Norfolk Southern by 25,181.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after purchasing an additional 889,925 shares during the period. FMR LLC grew its position in shares of Norfolk Southern by 48.4% during the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock valued at $671,532,000 after purchasing an additional 881,415 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Norfolk Southern in the third quarter worth $207,830,000. Finally, Holocene Advisors LP purchased a new stake in shares of Norfolk Southern in the third quarter worth $122,798,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Down 0.7 %

Shares of NYSE NSC opened at $245.39 on Friday. The company has a market cap of $55.52 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.11 and a beta of 1.34. 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 firm’s fifty day moving average is $251.08 and its 200 day moving average is $246.41. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data 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 firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 earnings per share. On average, equities research analysts expect that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sameh Fahmy bought 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. This trade represents a 11.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Loop Capital upped their target price on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays boosted their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Bank of America raised their price objective on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.68.

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.