Norfolk Southern Co. (NYSE:NSC) Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. reduced its stake in Norfolk Southern Co. (NYSE:NSCFree Report) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,194 shares of the railroad operator’s stock after selling 149 shares during the quarter. WBH Advisory Inc.’s holdings in Norfolk Southern were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSC. VisionPoint Advisory Group LLC acquired a new position in shares of Norfolk Southern during the second quarter worth approximately $25,000. Provence Wealth Management Group acquired a new position in shares of Norfolk Southern during the third quarter worth approximately $28,000. Exchange Traded Concepts LLC boosted its position in shares of Norfolk Southern by 662.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after buying an additional 106 shares during the period. Worth Asset Management LLC acquired a new position in shares of Norfolk Southern during the first quarter worth approximately $30,000. Finally, Operose Advisors LLC acquired a new position in shares of Norfolk Southern during the third quarter worth approximately $32,000. 72.37% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

NYSE NSC opened at $255.83 on Friday. The stock has a market capitalization of $57.79 billion, a P/E ratio of 31.90, a P/E/G ratio of 3.53 and a beta of 1.30. Norfolk Southern Co. has a 1 year low of $183.09 and a 1 year high of $263.66. The business’s fifty day moving average is $247.14 and its two-hundred day moving average is $222.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24.

Norfolk Southern (NYSE:NSCGet Free Report) last posted its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.04). Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company posted $3.42 EPS. Norfolk Southern’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts forecast that Norfolk Southern Co. will post 12.14 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.11%. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is currently 67.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NSC shares. Barclays upgraded Norfolk Southern from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $255.00 to $305.00 in a research report on Wednesday, February 21st. Sanford C. Bernstein upgraded Norfolk Southern from a “market perform” rating to an “outperform” rating and set a $272.00 price objective for the company in a research report on Monday, January 22nd. UBS Group raised Norfolk Southern from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $238.00 to $302.00 in a report on Monday, March 4th. Citigroup boosted their target price on Norfolk Southern from $253.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada dropped their target price on Norfolk Southern from $215.00 to $207.00 and set a “sector perform” rating on the stock in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $246.31.

Get Our Latest Stock Report on NSC

Norfolk Southern Company Profile

(Free Report)

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.

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

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