Argent Trust Co lifted its holdings in Norfolk Southern Corp. (NYSE:NSC) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,669 shares of the railroad operator’s stock after purchasing an additional 160 shares during the period. Argent Trust Co’s holdings in Norfolk Southern were worth $828,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NSC. RFG Advisory LLC grew its stake in shares of Norfolk Southern by 32.5% in the 4th quarter. RFG Advisory LLC now owns 1,705 shares of the railroad operator’s stock worth $331,000 after purchasing an additional 418 shares during the last quarter. Savior LLC acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC grew its stake in shares of Norfolk Southern by 3.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,673 shares of the railroad operator’s stock worth $325,000 after purchasing an additional 54 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Norfolk Southern in the fourth quarter worth approximately $399,000. Finally, Country Club Trust Company n.a. increased its position in shares of Norfolk Southern by 1.2% in the fourth quarter. Country Club Trust Company n.a. now owns 4,733 shares of the railroad operator’s stock worth $916,000 after acquiring an additional 55 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.
NYSE NSC traded up $0.91 during trading on Friday, reaching $171.47. The company’s stock had a trading volume of 1,133,734 shares, compared to its average volume of 1,429,071. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $43.69 billion, a PE ratio of 18.62, a PEG ratio of 2.74 and a beta of 1.38. The business has a 50-day moving average price of $161.52 and a 200-day moving average price of $181.86. Norfolk Southern Corp. has a 1-year low of $112.62 and a 1-year high of $219.88.
Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, April 29th. The railroad operator reported $2.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.33. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Norfolk Southern had a net margin of 21.89% and a return on equity of 18.12%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 earnings per share. As a group, analysts expect that Norfolk Southern Corp. will post 8.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 7th. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.36%.
Several research analysts have recently weighed in on NSC shares. Stifel Nicolaus started coverage on shares of Norfolk Southern in a research report on Monday, April 6th. They issued a “hold” rating and a $163.00 target price on the stock. Citigroup lifted their target price on shares of Norfolk Southern from $150.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Norfolk Southern from $189.00 to $199.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Credit Suisse Group lifted their target price on shares of Norfolk Southern from $182.00 to $203.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Stephens lifted their target price on shares of Norfolk Southern from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Norfolk Southern currently has a consensus rating of “Hold” and an average price target of $189.73.
Norfolk Southern Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.
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