1,000 Shares in Norfolk Southern Corporation $NSC Bought by Winnow Wealth LLC

Winnow Wealth LLC acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,000 shares of the railroad operator’s stock, valued at approximately $256,000.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Norfolk Southern by 31.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock valued at $2,680,910,000 after acquiring an additional 2,710,930 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Norfolk Southern during the second quarter valued at approximately $321,393,000. Adage Capital Partners GP L.L.C. lifted its position in Norfolk Southern by 341.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 789,950 shares of the railroad operator’s stock valued at $187,100,000 after purchasing an additional 611,198 shares during the last quarter. Nuveen LLC purchased a new position in Norfolk Southern in the 1st quarter worth approximately $122,256,000. Finally, Phoenix Financial Ltd. bought a new position in shares of Norfolk Southern in the 1st quarter worth $110,209,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $282.51 on Thursday. The company has a market capitalization of $63.39 billion, a P/E ratio of 21.58, a PEG ratio of 2.52 and a beta of 1.33. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.78 and a current ratio of 0.86. The stock has a 50 day moving average price of $287.31 and a two-hundred day moving average price of $270.71.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business posted $3.25 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, November 7th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern’s payout ratio is currently 41.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. TD Cowen reduced their price objective on Norfolk Southern from $320.00 to $314.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Susquehanna raised their price objective on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Finally, Evercore ISI upped their target price on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and a consensus price target of $301.10.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 1,650 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average price of $282.97 per share, for a total transaction of $466,900.50. Following the completion of the acquisition, the director owned 12,000 shares in the company, valued at $3,395,640. This trade represents a 15.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard H. Anderson purchased 2,600 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the transaction, the director owned 7,000 shares in the company, valued at approximately $1,973,020. This represents a 59.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

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.