Norfolk Southern Corporation $NSC Shares Bought by Capital International Investors

Capital International Investors raised its position in Norfolk Southern Corporation (NYSE:NSC) by 7.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 180,528 shares of the railroad operator’s stock after buying an additional 12,640 shares during the quarter. Capital International Investors owned about 0.08% of Norfolk Southern worth $52,198,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. increased its stake in Norfolk Southern by 87.8% in the 4th quarter. First Command Advisory Services Inc. now owns 678 shares of the railroad operator’s stock valued at $196,000 after buying an additional 317 shares during the period. OneAscent Financial Services LLC boosted its position in shares of Norfolk Southern by 56.0% during the 4th quarter. OneAscent Financial Services LLC now owns 1,087 shares of the railroad operator’s stock worth $314,000 after purchasing an additional 390 shares in the last quarter. Pinebridge Investments LLC purchased a new stake in shares of Norfolk Southern during the 4th quarter worth $6,005,000. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Norfolk Southern during the 4th quarter worth $8,907,000. Finally, Highbridge Capital Management LLC boosted its position in shares of Norfolk Southern by 728.0% during the 4th quarter. Highbridge Capital Management LLC now owns 16,560 shares of the railroad operator’s stock worth $4,781,000 after purchasing an additional 14,560 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Norfolk Southern from $315.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Barclays boosted their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Susquehanna boosted their target price on shares of Norfolk Southern from $330.00 to $337.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Financial Group decreased their target price on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, Wolfe Research boosted their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Six research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $322.71.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $309.72 on Tuesday. Norfolk Southern Corporation has a 52 week low of $247.85 and a 52 week high of $326.00. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The firm’s 50-day simple moving average is $306.23 and its 200 day simple moving average is $299.40. The firm has a market capitalization of $69.56 billion, a PE ratio of 26.09, a P/E/G ratio of 5.79 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. Norfolk Southern’s payout ratio is currently 45.49%.

Norfolk Southern Company 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.