Norfolk Southern Corporation $NSC Shares Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 983.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 24,179 shares of the railroad operator’s stock after buying an additional 21,948 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Norfolk Southern were worth $6,939,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in Norfolk Southern in the 3rd quarter worth about $25,000. BNP Paribas acquired a new position in shares of Norfolk Southern during the 2nd quarter valued at about $26,000. 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 valued at $27,000 after acquiring an additional 84 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Norfolk Southern by 239.3% during the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 67 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings 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 acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.1%

Shares of NYSE:NSC opened at $327.85 on Tuesday. The stock has a 50-day simple moving average of $313.27 and a 200-day simple moving average of $303.34. The stock has a market capitalization of $73.63 billion, a P/E ratio of 27.62, a PEG ratio of 6.02 and a beta of 1.27. Norfolk Southern Corporation has a 1 year low of $257.49 and a 1 year high of $329.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $3 billion for the quarter, compared to analyst estimates 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 for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. Equities analysts forecast that Norfolk Southern Corporation will post 12.17 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. Norfolk Southern’s dividend payout ratio is presently 45.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NSC shares. Barclays raised their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Rothschild & Co Redburn increased their price target on shares of Norfolk Southern from $308.00 to $315.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Stephens upgraded shares of Norfolk Southern to a “hold” rating in a report on Wednesday, July 8th. Royal Bank Of Canada decreased their price target on shares of Norfolk Southern from $360.00 to $320.00 and set a “sector perform” rating on the stock in a report on Wednesday, June 24th. Finally, UBS Group set a $327.00 price objective on shares of Norfolk Southern in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $326.72.

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.