Vise Technologies Inc. Takes $3 Million Position in Norfolk Southern Corporation $NSC

Vise Technologies Inc. acquired a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,543 shares of the railroad operator’s stock, valued at approximately $3,002,000.

Several other institutional investors have also added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new stake in shares of Norfolk Southern in the 3rd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Norfolk Southern in the second quarter valued at about $26,000. BNP Paribas acquired a new position in shares of Norfolk Southern during the second quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in shares of Norfolk Southern during the second quarter worth about $27,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Norfolk Southern during the second quarter worth about $31,000. 75.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

NSC has been the topic of a number of recent research reports. UBS Group reissued a “neutral” rating and issued a $363.00 target price on shares of Norfolk Southern in a research report on Friday, July 24th. TD Cowen upped their price target on Norfolk Southern from $337.00 to $376.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Rothschild & Co Redburn raised 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. BMO Capital Markets lifted their price objective on shares of Norfolk Southern from $310.00 to $355.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $348.00.

Norfolk Southern Stock Performance

Shares of NSC opened at $350.77 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73. The firm has a 50-day moving average of $328.23 and a 200-day moving average of $313.31. The company has a market cap of $78.79 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 6.14 and a beta of 1.27. Norfolk Southern Corporation has a one year low of $268.23 and a one year high of $358.60.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $3.29 earnings per share. As a group, equities analysts forecast that Norfolk Southern Corporation will post 12.66 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were paid a $1.35 dividend. The ex-dividend date was Friday, August 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.5%. Norfolk Southern’s dividend payout ratio is 46.08%.

Norfolk Southern 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.