Norfolk Southern Co. (NYSE:NSC) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,716 shares of the railroad operator’s stock after purchasing an additional 1,131 shares during the period. Tidal Investments LLC’s holdings in Norfolk Southern were worth $2,911,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in shares of Norfolk Southern during the 3rd quarter worth about $25,000. Morse Asset Management Inc purchased a new stake in Norfolk Southern during the third quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Norfolk Southern in the second quarter worth $27,000. Coastline Trust Co purchased a new position in shares of Norfolk Southern in the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Norfolk Southern during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the acquisition, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group increased their price target on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays upped their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna boosted their target price on shares of Norfolk Southern from $280.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Stock Performance

Norfolk Southern stock opened at $246.22 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a fifty day moving average price of $259.16 and a two-hundred day moving average price of $243.82. The company has a market cap of $55.70 billion, a PE ratio of 23.12, a P/E/G ratio of 2.35 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm earned $2.65 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts expect that Norfolk Southern Co. will post 11.82 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 1st were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, November 1st. Norfolk Southern’s dividend payout ratio (DPR) is 50.70%.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.