1,924 Shares in Norfolk Southern Corporation $NSC Bought by Evansbrook LLC

Evansbrook LLC purchased a new stake in Norfolk Southern Corporation (NYSE:NSC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,924 shares of the railroad operator’s stock, valued at approximately $556,000.

Other institutional investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of Norfolk Southern during the 3rd quarter worth about $25,000. BNP Paribas purchased a new stake in Norfolk Southern during the second quarter worth approximately $26,000. GoalVest Advisory LLC boosted its holdings in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Norfolk Southern by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 67 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Norfolk Southern by 669.2% in the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 0.2%

NSC opened at $299.81 on Friday. The firm has a market cap of $67.33 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 5.55 and a beta of 1.27. Norfolk Southern Corporation has a 52 week low of $251.62 and a 52 week high of $326.00. The business’s 50 day moving average is $309.71 and its two-hundred day moving average is $300.62. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 earnings per share. On average, research analysts predict that Norfolk Southern Corporation will post 12.12 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared 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 yield of 1.8%. Norfolk Southern’s dividend payout ratio is 45.49%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NSC. Royal Bank Of Canada raised their price objective on shares of Norfolk Southern from $310.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup restated a “neutral” rating on shares of Norfolk Southern in a report on Friday, April 24th. Evercore set a $325.00 target price on shares of Norfolk Southern in a research report on Friday, April 24th. Jefferies Financial Group cut their price target on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Six analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $322.71.

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.