Trust Investment Advisors Invests $205,000 in Norfolk Southern Corporation $NSC

Trust Investment Advisors purchased a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 801 shares of the railroad operator’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its position in Norfolk Southern by 883.3% during the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after acquiring an additional 159 shares during the last quarter. Morningstar Investment Management LLC bought a new stake in Norfolk Southern during the 2nd quarter worth $597,000. GC Wealth Management RIA LLC grew its position in Norfolk Southern by 52.5% during the 2nd quarter. GC Wealth Management RIA LLC now owns 4,441 shares of the railroad operator’s stock worth $1,137,000 after acquiring an additional 1,528 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Norfolk Southern by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock worth $19,468,000 after acquiring an additional 3,367 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Norfolk Southern by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 19,598 shares of the railroad operator’s stock worth $5,012,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.4%

Shares of NYSE:NSC opened at $281.56 on Tuesday. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 2.53 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.78. The business’s 50-day moving average is $285.81 and its 200-day moving average is $263.28. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $302.24.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.11 billion. Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.25 earnings per share. Equities research analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, November 7th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, November 7th. Norfolk Southern’s payout ratio is currently 41.19%.

Wall Street Analysts Forecast Growth

NSC has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings lowered Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Citigroup reduced their price target on Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating on the stock in a research report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target on shares of Norfolk Southern in a research report on Friday, July 25th. Finally, Royal Bank Of Canada reduced their price target on Norfolk Southern from $320.00 to $315.00 and set a “sector perform” rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $299.70.

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.