1,238 Shares in Norfolk Southern Co. (NYSE:NSC) Purchased by Norway Savings Bank

Norway Savings Bank bought a new position in Norfolk Southern Co. (NYSE:NSCFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,238 shares of the railroad operator’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Norfolk Southern by 3.0% in the 2nd quarter. BlackRock Inc. now owns 15,860,404 shares of the railroad operator’s stock valued at $3,596,505,000 after buying an additional 465,902 shares during the last quarter. Lazard Asset Management LLC increased its stake in Norfolk Southern by 3.2% in the 3rd quarter. Lazard Asset Management LLC now owns 8,629,330 shares of the railroad operator’s stock valued at $1,699,371,000 after buying an additional 264,031 shares during the last quarter. Geode Capital Management LLC increased its stake in Norfolk Southern by 0.3% in the 1st quarter. Geode Capital Management LLC now owns 4,112,708 shares of the railroad operator’s stock valued at $869,600,000 after buying an additional 13,513 shares during the last quarter. Northern Trust Corp increased its stake in Norfolk Southern by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,073,839 shares of the railroad operator’s stock valued at $605,331,000 after buying an additional 26,686 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in Norfolk Southern by 95,518.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,028,232 shares of the railroad operator’s stock valued at $746,217,000 after buying an additional 3,025,065 shares during the last quarter. Institutional investors and hedge funds own 72.37% of the company’s stock.

Norfolk Southern Stock Performance

Norfolk Southern stock opened at $254.12 on Friday. The firm’s fifty day moving average price is $249.52 and its 200-day moving average price is $223.71. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24. The stock has a market cap of $62.57 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 3.46 and a beta of 1.30. Norfolk Southern Co. has a fifty-two week low of $183.09 and a fifty-two week high of $263.66.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. Norfolk Southern’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.42 EPS. On average, equities research analysts expect that Norfolk Southern Co. will post 12.13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors 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 2.12%. The ex-dividend date of this dividend was Thursday, February 1st. Norfolk Southern’s payout ratio is currently 67.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NSC. UBS Group raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and increased their target price for the company from $238.00 to $302.00 in a research report on Monday, March 4th. Royal Bank of Canada reduced their target price on shares of Norfolk Southern from $215.00 to $207.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. Morgan Stanley downgraded shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $185.00 to $175.00 in a research report on Monday, January 29th. Citigroup increased their target price on shares of Norfolk Southern from $253.00 to $286.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, TheStreet raised shares of Norfolk Southern from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.94.

Read Our Latest 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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