M. Kraus & Company Has $4,501,000 Position in Norfolk Southern …
M. Kraus & Company raised its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,207 shares of the railroad operator s stock after buying an additional 1,208 shares during the period. Norfolk Southern Corp. accounts for about 3.4% of M. Kraus & Company s portfolio, making the stock its 11th largest position. M. Kraus & Company s holdings in Norfolk Southern Corp. were worth $4,501,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Community Bank & Trust of Waco, Texas acquired a new position in shares of Norfolk Southern Corp. during the fourth quarter valued at $874,000. West Oak Capital boosted its position in shares of Norfolk Southern Corp. by 5.7% in the fourth quarter. West Oak Capital now owns 12,058 shares of the railroad operator s stock valued at $1,019,986 after buying an additional 650 shares during the last quarter. Park National boosted its position in shares of Norfolk Southern Corp. by 6.4% in the fourth quarter. Park National now owns 19,133 shares of the railroad operator s stock valued at $1,619,000 after buying an additional 1,154 shares during the last quarter. Finally, J. Goldman & Company acquired a new position in shares of Norfolk Southern Corp. during the third quarter valued at $11,854,000. Shares of Norfolk Southern Corp. (NYSE:NSC) traded down 0.53% on Friday, reaching $71.77. 1,786,596 shares of the company s stock traded hands. The firm s 50-day moving average is $85.16 and its 200-day moving average is $82.97. Norfolk Southern Corp. has a 52-week low of $70.09 and a 52-week high of $112.05. The stock has a market cap of $21.43 billion and a price-to-earnings ratio of 12.96. Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 28th. The railroad operator reported $1.57 earnings per share for the quarter, beating the Zacks consensus estimate of $1.41 by $0.16. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the company earned $1.79 EPS. The firm s revenue for the quarter was down 10.3% on a year-over-year basis. Analysts anticipate that Norfolk Southern Corp. will post $5.18 EPS for the current fiscal year.
Several research firms have commented on NSC. Robert W. Baird increased their price objective on shares of Norfolk Southern Corp. from $89.00 to $90.00 in a research note on Friday, December 18th. Stifel Nicolaus decreased their price objective on shares of Norfolk Southern Corp. from $93.00 to $84.00 in a research note on Tuesday. Susquehanna decreased their price objective on shares of Norfolk Southern Corp. from $96.00 to $92.00 in a research note on Tuesday. Vetr lowered shares of Norfolk Southern Corp. from a strong-buy rating to a buy rating and set a $87.00 price objective for the company. in a research note on Monday, October 5th. Finally, Barclays upgraded shares of Norfolk Southern Corp. from an underweight rating to an equal weight rating and increased their price objective for the company from $76.00 to $95.00 in a research note on Monday, December 7th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $90.47. Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company s system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Company s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products. document.write( );
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