Mint Tower Capital Management B.V. boosted its holdings in Norfolk Southern Corporation (NYSE:NSC – Free Report) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the railroad operator’s stock after buying an additional 2,000 shares during the quarter. Norfolk Southern makes up about 0.6% of Mint Tower Capital Management B.V.’s holdings, making the stock its 25th largest position. Mint Tower Capital Management B.V.’s holdings in Norfolk Southern were worth $4,908,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in Norfolk Southern in the third quarter valued at $25,000. BNP Paribas purchased a new position in Norfolk Southern in the second quarter valued at $26,000. GoalVest Advisory LLC increased its stake in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Norfolk Southern by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Norfolk Southern by 669.2% in the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Norfolk Southern Stock Performance
Shares of NSC opened at $310.43 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a market cap of $69.72 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 5.71 and a beta of 1.27. The company’s 50 day simple moving average is $307.81 and its 200-day simple moving average is $299.99. Norfolk Southern Corporation has a 12-month low of $247.85 and a 12-month high of $326.00.
Norfolk Southern Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Sanford C. Bernstein dropped their price target on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Susquehanna increased their price target on shares of Norfolk Southern from $330.00 to $337.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Citigroup reiterated a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Barclays raised their price objective on Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada raised their price objective on Norfolk Southern from $310.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, Norfolk Southern currently has an average rating of “Hold” and an average price target of $322.71.
Check Out Our Latest Stock Analysis on NSC
Norfolk Southern Profile
Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.
The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.
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