5,156 Shares in Norfolk Southern Corporation $NSC Bought by Clear Trail Advisors LLC

Clear Trail Advisors LLC bought a new stake in Norfolk Southern Corporation (NYSE:NSC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,156 shares of the railroad operator’s stock, valued at approximately $1,480,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its holdings in shares of Norfolk Southern by 1.4% in the 4th quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock valued at $726,000 after acquiring an additional 35 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its position in shares of Norfolk Southern by 4.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 791 shares of the railroad operator’s stock valued at $228,000 after acquiring an additional 35 shares during the last quarter. Confluence Wealth Services Inc. raised its holdings in Norfolk Southern by 1.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,090 shares of the railroad operator’s stock worth $892,000 after acquiring an additional 35 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in Norfolk Southern by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock worth $929,000 after acquiring an additional 35 shares in the last quarter. Finally, Quotient Wealth Partners LLC boosted its position in Norfolk Southern by 4.5% during the fourth quarter. Quotient Wealth Partners LLC now owns 864 shares of the railroad operator’s stock valued at $250,000 after purchasing an additional 37 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NSC has been the topic of several recent analyst reports. Barclays boosted their price target on Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Zacks Research raised Norfolk Southern from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Wolfe Research raised their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of Norfolk Southern from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets upped their price target on shares of Norfolk Southern from $305.00 to $310.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $322.71.

Norfolk Southern Trading Up 1.2%

Norfolk Southern stock opened at $303.66 on Tuesday. Norfolk Southern Corporation has a 52 week low of $251.62 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91. The stock has a market capitalization of $68.20 billion, a P/E ratio of 25.58, a PEG ratio of 5.54 and a beta of 1.27. The stock has a 50-day simple moving average of $309.99 and a 200 day simple moving average of $300.77.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $3 billion for 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 business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 earnings per share. Analysts expect that Norfolk Southern Corporation will post 12.12 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s payout ratio is presently 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.