Fiduciary Alliance LLC purchased a new stake in Norfolk Southern Co. (NYSE:NSC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,196 shares of the railroad operator’s stock, valued at approximately $281,000.
Other institutional investors also recently modified their holdings of the company. Lake Street Advisors Group LLC raised its position in Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after buying an additional 41 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Norfolk Southern by 2.4% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after purchasing an additional 41 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of Norfolk Southern by 4.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock worth $256,000 after purchasing an additional 42 shares in the last quarter. Stratos Investment Management LLC boosted its holdings in Norfolk Southern by 3.8% during the third quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock worth $287,000 after purchasing an additional 42 shares during the last quarter. Finally, Archer Investment Corp grew its position in Norfolk Southern by 2.3% in the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock valued at $481,000 after purchasing an additional 43 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.
Insider Activity at Norfolk Southern
In other news, Director Sameh Fahmy acquired 350 shares of Norfolk Southern stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Norfolk Southern
Norfolk Southern Stock Performance
NSC opened at $238.80 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The company has a market capitalization of $54.03 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. The business has a fifty day simple moving average of $252.80 and a 200 day simple moving average of $246.23. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.
Norfolk Southern (NYSE:NSC – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted $2.65 earnings per share. Norfolk Southern’s revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Norfolk Southern Co. will post 11.82 EPS for the current year.
Norfolk Southern Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.26%. Norfolk Southern’s payout ratio is 50.70%.
Norfolk Southern Company 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.
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