SeaCrest Wealth Management LLC Has $586,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

SeaCrest Wealth Management LLC boosted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,499 shares of the railroad operator’s stock after purchasing an additional 152 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Norfolk Southern were worth $586,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSC. Lake Street Advisors Group LLC increased its position in shares of Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after buying an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its holdings in shares of Norfolk Southern by 2.4% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock worth $435,000 after acquiring an additional 41 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in shares of Norfolk Southern by 4.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock worth $256,000 after acquiring an additional 42 shares in the last quarter. Stratos Investment Management LLC raised its position in shares of Norfolk Southern by 3.8% during the third quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock worth $287,000 after purchasing an additional 42 shares during the period. Finally, Archer Investment Corp lifted its holdings in shares of Norfolk Southern by 2.3% during the 3rd quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock valued at $481,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a report on Friday, October 11th. TD Cowen boosted their price objective on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. UBS Group increased their target price on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company dropped their target price on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Trading Up 2.8 %

Shares of NYSE:NSC opened at $247.19 on Friday. The company has a 50-day simple moving average of $252.07 and a 200 day simple moving average of $246.19. The company has a market capitalization of $55.92 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.11 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. 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 earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 EPS. Sell-side analysts forecast 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 acquired 350 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the transaction, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

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.