Rockland Belief Co. lowered its holdings in shares of Norfolk Southern Co. (NYSE:NSC – Free Report) by 1.9% throughout the third quarter, HoldingsChannel.com reviews. The agency owned 2,582 shares of the railroad operator’s inventory after promoting 50 shares throughout the interval. Rockland Belief Co.’s holdings in Norfolk Southern had been value $642,000 on the finish of the latest reporting interval.
Different institutional traders additionally lately purchased and offered shares of the corporate. Cedar Wealth Administration LLC acquired a brand new stake in Norfolk Southern within the 1st quarter valued at $27,000. 1620 Funding Advisors Inc. acquired a brand new stake in shares of Norfolk Southern within the second quarter valued at about $27,000. Monetary Connections Group Inc. bought a brand new stake in shares of Norfolk Southern throughout the second quarter value about $31,000. HWG Holdings LP acquired a brand new place in shares of Norfolk Southern throughout the 2nd quarter value about $31,000. Lastly, Rise Advisors LLC bought a brand new place in Norfolk Southern within the 1st quarter valued at about $34,000. 75.10% of the inventory is owned by institutional traders and hedge funds.
Norfolk Southern Buying and selling Up 1.2 %
Shares of Norfolk Southern inventory traded up $3.04 throughout buying and selling hours on Friday, hitting $247.92. The corporate’s inventory had a buying and selling quantity of 1,173,056 shares, in comparison with its common quantity of 1,263,570. The inventory has a market cap of $56.01 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of two.40 and a beta of 1.31. The corporate has a debt-to-equity ratio of 1.30, a fast ratio of 0.54 and a present ratio of 0.63. Norfolk Southern Co. has a twelve month low of $183.09 and a twelve month excessive of $263.66. The agency has a fifty day shifting common of $246.80 and a 200-day shifting common of $237.18.
Norfolk Southern (NYSE:NSC – Get Free Report) final issued its quarterly earnings information on Thursday, July twenty fifth. The railroad operator reported $3.06 EPS for the quarter, topping the consensus estimate of $2.86 by $0.20. Norfolk Southern had a internet margin of 14.85% and a return on fairness of 19.64%. The agency had income of $3.04 billion for the quarter, in comparison with analyst estimates of $3.04 billion. Throughout the identical interval within the prior 12 months, the enterprise posted $2.95 EPS. The enterprise’s income for the quarter was up 2.1% in comparison with the identical quarter final 12 months. Analysis analysts forecast that Norfolk Southern Co. will publish 11.8 EPS for the present 12 months.
Norfolk Southern Proclaims Dividend
The corporate additionally lately disclosed a quarterly dividend, which was paid on Tuesday, August twentieth. Stockholders of document on Friday, August 2nd had been paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $5.40 dividend on an annualized foundation and a dividend yield of two.18%. Norfolk Southern’s payout ratio is presently 86.96%.
Insider Exercise at Norfolk Southern
In associated information, CEO Alan H. Shaw offered 51,325 shares of the agency’s inventory in a transaction dated Friday, September thirteenth. The inventory was offered at a median value of $255.98, for a complete transaction of $13,138,173.50. Following the completion of the transaction, the chief government officer now immediately owns 35,045 shares within the firm, valued at $8,970,819.10. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is out there by way of this hyperlink. In associated information, EVP Nabanita C. Nag offered 355 shares of the enterprise’s inventory in a transaction on Monday, July twenty ninth. The inventory was offered at a median value of $249.38, for a complete transaction of $88,529.90. Following the completion of the transaction, the chief vp now immediately owns 1,488 shares of the corporate’s inventory, valued at $371,077.44. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which is out there by way of this hyperlink. Additionally, CEO Alan H. Shaw offered 51,325 shares of the inventory in a transaction dated Friday, September thirteenth. The shares had been offered at a median value of $255.98, for a complete worth of $13,138,173.50. Following the completion of the sale, the chief government officer now immediately owns 35,045 shares within the firm, valued at $8,970,819.10. This represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Firm insiders personal 0.19% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
NSC has been the topic of various analysis analyst reviews. Morgan Stanley reissued an “underweight” ranking and set a $175.00 goal value on shares of Norfolk Southern in a report on Monday, July eighth. Evercore ISI lifted their goal value on shares of Norfolk Southern from $265.00 to $276.00 and gave the inventory an “outperform” ranking in a analysis notice on Wednesday, September twenty fifth. Royal Financial institution of Canada upped their goal value on shares of Norfolk Southern from $267.00 to $272.00 and gave the inventory an “outperform” ranking in a report on Monday, September thirtieth. TD Cowen raised their value goal on shares of Norfolk Southern from $251.00 to $253.00 and gave the inventory a “maintain” ranking in a analysis notice on Friday, July twenty sixth. Lastly, Susquehanna upped their value goal on shares of Norfolk Southern from $255.00 to $280.00 and gave the corporate a “impartial” ranking in a analysis notice on Wednesday. One equities analysis analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and 13 have assigned a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the corporate at the moment has a consensus ranking of “Reasonable Purchase” and a median value goal of $266.56.
Examine Out Our Newest Evaluation on NSC
About Norfolk Southern
Norfolk Southern Company, along with its subsidiaries, engages within the rail transportation of uncooked supplies, intermediate merchandise, and completed items in the US. The corporate transports agriculture, forest, and client merchandise comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, meals merchandise, meals oils, flour, sweeteners, ethanol, lumber and wooden merchandise, pulp board and paper merchandise, wooden fibers, wooden pulp, drinks, and canned items; chemical substances encompass sulfur and associated chemical substances, petroleum merchandise comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemical substances, chemical wastes, sand, and pure gasoline liquids; metals and development supplies, resembling metal, aluminum merchandise, equipment, scrap metals, cement, aggregates, minerals, clay, transportation tools, and military-related merchandise; and automotive, together with completed motor autos and automotive components, in addition to coal.
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