Summit Trail Advisors LLC Has $252,000 Stake in Norfolk Southern Co. (NYSE:NSC)

Summit Trail Advisors LLC decreased its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,067 shares of the railroad operator’s stock after selling 379 shares during the quarter. Summit Trail Advisors LLC’s holdings in Norfolk Southern were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its position in Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Norfolk Southern during the 4th quarter valued at about $32,000. Provence Wealth Management Group purchased a new position in shares of Norfolk Southern during the third quarter worth about $28,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Norfolk Southern by 317.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 111 shares in the last quarter. Finally, Financial Connections Group Inc. bought a new stake in Norfolk Southern in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE NSC opened at $232.07 on Thursday. The company has a market cap of $52.43 billion, a P/E ratio of 37.37, a P/E/G ratio of 3.30 and a beta of 1.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 0.68. The business’s 50 day moving average price is $248.82 and its 200-day moving average price is $234.41. Norfolk Southern Co. has a fifty-two week low of $183.09 and a fifty-two week high of $263.66.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 earnings per share for the quarter, missing the consensus estimate of $2.58 by ($0.09). Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the business posted $3.32 earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts predict that Norfolk Southern Co. will post 11.62 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 3rd will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, May 2nd. Norfolk Southern’s dividend payout ratio is presently 86.96%.

Analysts Set New Price Targets

A number of analysts recently weighed in on NSC shares. Benchmark restated a “buy” rating and issued a $277.00 target price on shares of Norfolk Southern in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on Norfolk Southern from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Loop Capital boosted their price objective on Norfolk Southern from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. UBS Group lowered their price objective on Norfolk Southern from $302.00 to $294.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, BMO Capital Markets lowered their price objective on Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating for the company in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.32.

Norfolk Southern 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.