Teachers Advisors LLC increased its holdings in shares of Norfolk Southern (NYSE:NSC) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 656,605 shares of the railroad operator’s stock after purchasing an additional 50,642 shares during the period. Teachers Advisors LLC owned 0.23% of Norfolk Southern worth $95,142,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NSC. Patten Group Inc. lifted its position in Norfolk Southern by 533.7% during the third quarter. Patten Group Inc. now owns 55,343 shares of the railroad operator’s stock worth $1,135,000 after acquiring an additional 46,610 shares during the last quarter. McCollum Christoferson Group LLC acquired a new stake in Norfolk Southern during the fourth quarter worth approximately $5,675,000. Stonebridge Capital Advisors LLC acquired a new stake in Norfolk Southern during the third quarter worth approximately $296,000. Carroll Financial Associates Inc. lifted its position in Norfolk Southern by 29.2% during the fourth quarter. Carroll Financial Associates Inc. now owns 5,134 shares of the railroad operator’s stock worth $743,000 after acquiring an additional 1,161 shares during the last quarter. Finally, Buckingham Asset Management LLC acquired a new stake in Norfolk Southern during the third quarter worth approximately $277,000. Institutional investors and hedge funds own 72.48% of the company’s stock.
Several brokerages have issued reports on NSC. Cleveland Research restated a “hold” rating on shares of Norfolk Southern in a research report on Monday, January 15th. Loop Capital raised their price objective on shares of Norfolk Southern to $144.00 and gave the stock a “sell” rating in a research report on Friday, January 12th. Scotiabank upgraded shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Friday, January 12th. Royal Bank of Canada restated a “sell” rating and set a $137.00 price objective on shares of Norfolk Southern in a research report on Tuesday, January 9th. Finally, Credit Suisse Group restated a “buy” rating and set a $177.00 price objective on shares of Norfolk Southern in a research report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. Norfolk Southern presently has a consensus rating of “Hold” and a consensus price target of $139.60.
NYSE NSC opened at $129.36 on Friday. The company has a market capitalization of $37,481.95, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.84 and a quick ratio of 0.76. Norfolk Southern has a 1-year low of $111.07 and a 1-year high of $157.15.
Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. sell-side analysts anticipate that Norfolk Southern will post 8.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Friday, February 2nd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.23%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is 43.57%.
In related news, COO Michael Joseph Wheeler sold 1,699 shares of Norfolk Southern stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $143.62, for a total value of $244,010.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman James A. Squires sold 10,000 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.10, for a total transaction of $1,501,000.00. The disclosure for this sale can be found here. Insiders sold 13,166 shares of company stock worth $1,958,040 over the last three months. 0.36% of the stock is currently owned by insiders.
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Norfolk Southern Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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