ORG Wealth Companions LLC purchased a brand new place in shares of Norfolk Southern Co. (NYSE:NSC – Free Report) within the third quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The fund purchased 253 shares of the railroad operator’s inventory, valued at roughly $63,000.
Different hedge funds and different institutional buyers have additionally not too long ago purchased and bought shares of the corporate. Congress Asset Administration Co. MA acquired a brand new stake in Norfolk Southern throughout the 4th quarter price $213,000. MONECO Advisors LLC acquired a brand new place in shares of Norfolk Southern throughout the 4th quarter price roughly $210,000. Nomura Holdings Inc. bought a brand new stake in shares of Norfolk Southern within the fourth quarter valued at roughly $1,077,000. CWM LLC elevated its holdings in shares of Norfolk Southern by 25.7% within the first quarter. CWM LLC now owns 7,603 shares of the railroad operator’s inventory valued at $1,938,000 after buying an extra 1,554 shares over the past quarter. Lastly, GAMMA Investing LLC elevated its holdings in shares of Norfolk Southern by 6.8% within the first quarter. GAMMA Investing LLC now owns 1,423 shares of the railroad operator’s inventory valued at $363,000 after buying an extra 90 shares over the past quarter. 75.10% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
A number of analysts have issued reviews on the corporate. Sanford C. Bernstein upped their goal worth on Norfolk Southern from $285.00 to $286.00 and gave the corporate an “outperform” ranking in a report on Wednesday, October ninth. TD Cowen raised their worth goal on shares of Norfolk Southern from $251.00 to $253.00 and gave the inventory a “maintain” ranking in a analysis report on Friday, July twenty sixth. Benchmark boosted their goal worth on shares of Norfolk Southern from $266.00 to $270.00 and gave the corporate a “purchase” ranking in a report on Monday, July twenty ninth. Evercore ISI raised their worth goal on shares of Norfolk Southern from $265.00 to $276.00 and gave the inventory an “outperform” ranking in a report on Wednesday, September twenty fifth. Lastly, Wells Fargo & Firm upped their worth goal on Norfolk Southern from $260.00 to $270.00 and gave the corporate an “obese” ranking in a report on Friday, July twenty sixth. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and 13 have issued a purchase ranking to the corporate’s inventory. Based on knowledge from MarketBeat.com, Norfolk Southern has a mean ranking of “Reasonable Purchase” and a mean worth goal of $266.17.
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Insider Shopping for and Promoting at Norfolk Southern
In different Norfolk Southern information, EVP Nabanita C. Nag bought 355 shares of Norfolk Southern inventory in a transaction on Monday, July twenty ninth. The shares have been bought at a mean worth of $249.38, for a complete worth of $88,529.90. Following the transaction, the manager vice chairman now immediately owns 1,488 shares within the firm, valued at roughly $371,077.44. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which will be accessed by means of this hyperlink. In different information, EVP Nabanita C. Nag bought 355 shares of the corporate’s inventory in a transaction that occurred on Monday, July twenty ninth. The inventory was bought at a mean worth of $249.38, for a complete transaction of $88,529.90. Following the completion of the sale, the manager vice chairman now owns 1,488 shares within the firm, valued at $371,077.44. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is obtainable by means of this hyperlink. Additionally, Director Richard H. Anderson acquired 2,000 shares of the inventory in a transaction that occurred on Monday, July twenty ninth. The inventory was bought at a mean worth of $247.48 per share, for a complete transaction of $494,960.00. Following the completion of the transaction, the director now owns 3,000 shares within the firm, valued at $742,440. The commerce was a 200.00 % enhance of their possession of the inventory. The disclosure for this buy will be discovered right here. 0.19% of the inventory is presently owned by insiders.
Norfolk Southern Inventory Up 0.2 %
Shares of Norfolk Southern inventory opened at $254.33 on Wednesday. The corporate has a fast ratio of 0.54, a present ratio of 0.63 and a debt-to-equity ratio of 1.30. Norfolk Southern Co. has a 52-week low of $183.09 and a 52-week excessive of $263.66. The corporate has a market capitalization of $57.46 billion, a P/E ratio of 40.95, a P/E/G ratio of two.33 and a beta of 1.31. The corporate has a 50 day transferring common of $247.13 and a 200 day transferring common of $236.65.
Norfolk Southern (NYSE:NSC – Get Free Report) final posted its earnings outcomes on Thursday, July twenty fifth. 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 fairness of 19.64% and a internet margin of 14.85%. The agency had income of $3.04 billion for the quarter, in comparison with analyst estimates of $3.04 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $2.95 earnings per share. Norfolk Southern’s income for the quarter was up 2.1% in comparison with the identical quarter final 12 months. As a bunch, analysis analysts forecast that Norfolk Southern Co. will submit 11.79 EPS for the present fiscal 12 months.
Norfolk Southern Dividend Announcement
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, August twentieth. Traders of file on Friday, August 2nd got a $1.35 dividend. This represents a $5.40 dividend on an annualized foundation and a dividend yield of two.12%. The ex-dividend date of this dividend was Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is 86.96%.
About Norfolk Southern
Norfolk Southern Company, along with its subsidiaries, engages within the rail transportation of uncooked supplies, intermediate merchandise, and completed items in america. 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 compounds encompass sulfur and associated chemical compounds, petroleum merchandise comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemical compounds, chemical wastes, sand, and pure fuel liquids; metals and development supplies, resembling 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 elements, in addition to coal.
Learn Extra
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