Financial Planning Hawaii Inc. Buys New Stake in Norfolk Southern Corporation $NSC

Financial Planning Hawaii Inc. bought a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,334 shares of the railroad operator’s stock, valued at approximately $674,000.

Several other institutional investors and hedge funds have also bought and sold shares of NSC. Pentwater Capital Management LP purchased a new stake in shares of Norfolk Southern during the 3rd quarter valued at $826,128,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Norfolk Southern by 545.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,306,203 shares of the railroad operator’s stock worth $392,396,000 after purchasing an additional 1,103,748 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Norfolk Southern during the 3rd quarter worth $329,629,000. Holocene Advisors LP increased its position in Norfolk Southern by 550.6% during the 2nd quarter. Holocene Advisors LP now owns 983,366 shares of the railroad operator’s stock valued at $251,712,000 after buying an additional 832,210 shares in the last quarter. Finally, TOMS Capital Investment Management LP acquired a new position in Norfolk Southern during the 2nd quarter valued at about $181,995,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Down 0.4%

Shares of NSC stock opened at $282.17 on Tuesday. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $319.94. The firm has a market capitalization of $63.37 billion, a PE ratio of 22.13, a P/E/G ratio of 5.11 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85. The stock’s 50-day simple moving average is $299.79 and its 200-day simple moving average is $292.81.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.46. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. Equities analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is presently 42.35%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore raised their price target on Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. Argus raised shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Susquehanna lifted their target price on shares of Norfolk Southern from $304.00 to $305.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Royal Bank Of Canada dropped their target price on shares of Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. Finally, Jefferies Financial Group upped their price target on shares of Norfolk Southern from $300.00 to $350.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $309.95.

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.