Nation Membership Financial institution lower its stake in shares of Norfolk Southern Co. (NYSE:NSC – Free Report) by 1.3% within the third quarter, HoldingsChannel experiences. The fund owned 5,519 shares of the railroad operator’s inventory after promoting 70 shares throughout the quarter. Nation Membership Financial institution’s holdings in Norfolk Southern have been value $1,360,000 as of its most up-to-date submitting with the Securities & Trade Fee.
A number of different hedge funds have additionally just lately purchased and offered shares of NSC. Boston Companions lifted its place in Norfolk Southern by 157.1% throughout the first quarter. Boston Companions now owns 2,890,665 shares of the railroad operator’s inventory value $735,749,000 after buying an extra 1,766,135 shares over the last quarter. Vanguard Group Inc. lifted its place in Norfolk Southern by 5.9% throughout the first quarter. Vanguard Group Inc. now owns 19,623,690 shares of the railroad operator’s inventory value $5,001,490,000 after buying an extra 1,088,072 shares over the last quarter. American Century Firms Inc. lifted its place in Norfolk Southern by 17.3% throughout the second quarter. American Century Firms Inc. now owns 3,356,590 shares of the railroad operator’s inventory value $720,626,000 after buying an extra 496,088 shares over the last quarter. EdgePoint Funding Group Inc. raised its place in shares of Norfolk Southern by 10.2% within the first quarter. EdgePoint Funding Group Inc. now owns 3,752,050 shares of the railroad operator’s inventory valued at $956,285,000 after shopping for an extra 347,852 shares within the final quarter. Lastly, Worldwide Property Funding Administration LLC raised its place in shares of Norfolk Southern by 23,037.4% within the third quarter. Worldwide Property Funding Administration LLC now owns 349,143 shares of the railroad operator’s inventory valued at $86,762,000 after shopping for an extra 347,634 shares within the final quarter. 75.10% of the inventory is presently owned by institutional traders and hedge funds.
Analysts Set New Worth Targets
NSC has been the topic of various analyst experiences. Barclays lifted their worth goal on shares of Norfolk Southern from $275.00 to $290.00 and gave the corporate an “chubby” ranking in a analysis report on Wednesday. Citigroup lifted their worth goal on shares of Norfolk Southern from $294.00 to $302.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, October twenty second. Wells Fargo & Firm lifted their worth goal on shares of Norfolk Southern from $270.00 to $280.00 and gave the corporate an “chubby” ranking in a analysis report on Wednesday. Stifel Nicolaus lifted their worth goal on shares of Norfolk Southern from $241.00 to $245.00 and gave the corporate a “maintain” ranking in a analysis report on Friday, October eleventh. Lastly, Royal Financial institution of Canada lifted their worth goal on shares of Norfolk Southern from $272.00 to $282.00 and gave the corporate an “outperform” ranking in a analysis report on Wednesday. One 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 corporate’s inventory. In keeping with knowledge from MarketBeat, the corporate presently has a mean ranking of “Reasonable Purchase” and a mean goal worth of $274.16.
Test Out Our Newest Evaluation on Norfolk Southern
Norfolk Southern Worth Efficiency
Norfolk Southern inventory opened at $251.09 on Friday. The corporate has a present ratio of 0.73, a fast ratio of 0.54 and a debt-to-equity ratio of 1.21. The corporate has a market capitalization of $56.77 billion, a PE ratio of 23.58, a P/E/G ratio of two.48 and a beta of 1.31. Norfolk Southern Co. has a 12 month low of $183.76 and a 12 month excessive of $263.66. The inventory has a 50-day shifting common worth of $249.22 and a two-hundred day shifting common worth of $236.88.
Norfolk Southern (NYSE:NSC – Get Free Report) final posted its earnings outcomes on Tuesday, October twenty second. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14. The agency had income of $3.10 billion throughout the quarter, in comparison with the consensus estimate of $3.08 billion. Norfolk Southern had a return on fairness of 20.25% and a web margin of 19.85%. The enterprise’s quarterly income was up 3.3% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate earned $2.65 earnings per share. Analysts count on that Norfolk Southern Co. will publish 11.78 EPS for the present 12 months.
Norfolk Southern Pronounces Dividend
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, November twentieth. Shareholders of file on Friday, November 1st will likely be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $5.40 annualized dividend and a yield of two.15%. Norfolk Southern’s dividend payout ratio is presently 50.70%.
Insider Transactions at Norfolk Southern
In different 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 mean worth of $255.98, for a complete transaction of $13,138,173.50. Following the completion of the transaction, the chief government officer now instantly owns 35,045 shares within the firm, valued at $8,970,819.10. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there by the SEC web site. In different 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 mean worth of $255.98, for a complete transaction of $13,138,173.50. Following the completion of the transaction, the chief government officer now instantly owns 35,045 shares within the firm, valued at $8,970,819.10. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there by the SEC web site. Additionally, Director Sameh Fahmy acquired 700 shares of the inventory in a transaction dated Thursday, August 1st. The shares have been purchased at a mean worth of $245.15 per share, with a complete worth of $171,605.00. Following the completion of the transaction, the director now instantly owns 7,700 shares of the corporate’s inventory, valued at $1,887,655. The commerce was a 0.00 % improve of their possession of the inventory. The disclosure for this buy could be discovered right here. Insiders bought 3,700 shares of firm inventory value $921,565 during the last ninety days. 0.19% of the inventory is owned by insiders.
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 USA. The corporate transports agriculture, forest, and shopper 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 compounds include sulfur and associated chemical compounds, petroleum merchandise comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemical compounds, chemical wastes, sand, and pure gasoline liquids; metals and building supplies, similar to metal, aluminum merchandise, equipment, scrap metals, cement, aggregates, minerals, clay, transportation gear, and military-related merchandise; and automotive, together with completed motor autos and automotive components, in addition to coal.
Additional Studying
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