Vise Technologies Inc. Has $1.15 Million Stock Holdings in Norfolk Southern Corporation $NSC

Vise Technologies Inc. lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 104.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,993 shares of the railroad operator’s stock after purchasing an additional 2,036 shares during the period. Vise Technologies Inc.’s holdings in Norfolk Southern were worth $1,153,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter worth about $25,000. GoalVest Advisory LLC increased its stake in shares of Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Norfolk Southern by 669.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. BNP Paribas acquired a new position in shares of Norfolk Southern during the 2nd quarter worth about $26,000. Finally, Financial Life Planners acquired a new position in shares of Norfolk Southern during the 3rd quarter worth about $35,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $309.72 on Tuesday. The company has a market capitalization of $69.56 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 5.79 and a beta of 1.27. 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 company has a 50-day simple moving average of $306.23 and a 200 day simple moving average of $299.40. Norfolk Southern Corporation has a 52 week low of $247.85 and a 52 week high of $326.00.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping 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 net margin of 21.91% and a return on equity of 18.30%. Norfolk Southern’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 EPS. On average, sell-side analysts predict that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Evercore set a $325.00 target price on shares of Norfolk Southern in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price 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. Susquehanna lifted their target price on shares of Norfolk Southern from $330.00 to $337.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wolfe Research lifted their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Six research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of “Hold” and a consensus price target of $322.71.

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.