Norfolk Southern Co. (NYSE:NSC) Shares Acquired by Cwm LLC

Cwm LLC increased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,622 shares of the railroad operator’s stock after acquiring an additional 1,254 shares during the period. Cwm LLC’s holdings in Norfolk Southern were worth $2,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSC. Cedar Wealth Management LLC acquired a new position in Norfolk Southern during the first quarter worth $27,000. 1620 Investment Advisors Inc. purchased a new stake in Norfolk Southern during the second quarter valued at about $27,000. Financial Connections Group Inc. purchased a new stake in Norfolk Southern during the second quarter valued at about $31,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern during the second quarter worth about $31,000. Finally, Rise Advisors LLC acquired a new position in shares of Norfolk Southern during the first quarter worth about $34,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSC has been the topic of several recent analyst reports. Benchmark boosted their price target on Norfolk Southern from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Sanford C. Bernstein boosted their price target on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price target on Norfolk Southern from $267.00 to $272.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Evercore ISI boosted their price target on Norfolk Southern from $265.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, TD Cowen increased their target price on Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.17.

Norfolk Southern Stock Up 1.5 %

NSC opened at $253.84 on Tuesday. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market cap of $57.35 billion, a P/E ratio of 40.88, a P/E/G ratio of 2.33 and a beta of 1.31. The stock’s 50 day moving average price is $246.92 and its 200 day moving average price is $236.66.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, July 25th. The railroad operator reported $3.06 EPS for the quarter, beating the consensus estimate of $2.86 by $0.20. Norfolk Southern had a return on equity of 19.64% and a net margin of 14.85%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the firm earned $2.95 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 2nd were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Insider Activity

In other news, EVP Nabanita C. Nag sold 355 shares of Norfolk Southern stock in a transaction on Monday, July 29th. The stock was sold at an average price of $249.38, for a total transaction of $88,529.90. Following the transaction, the executive vice president now directly owns 1,488 shares in the company, valued at approximately $371,077.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Alan H. Shaw sold 51,325 shares of Norfolk Southern stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the transaction, the chief executive officer now directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nabanita C. Nag sold 355 shares of Norfolk Southern stock in a transaction on Monday, July 29th. The shares were sold at an average price of $249.38, for a total value of $88,529.90. Following the transaction, the executive vice president now owns 1,488 shares in the company, valued at approximately $371,077.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

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.