FormulaFolio Investments LLC raised its stake in Norfolk Southern Co. (NYSE:NSC) by 50.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,052 shares of the railroad operator’s stock after buying an additional 1,023 shares during the quarter. FormulaFolio Investments LLC’s holdings in Norfolk Southern were worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NSC. Clear Perspectives Financial Planning LLC bought a new stake in Norfolk Southern in the fourth quarter worth approximately $30,000. Vantage Consulting Group Inc bought a new stake in Norfolk Southern in the fourth quarter worth approximately $31,000. Norway Savings Bank grew its position in Norfolk Southern by 416.7% in the fourth quarter. Norway Savings Bank now owns 155 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Orion Capital Management LLC bought a new stake in Norfolk Southern in the fourth quarter worth approximately $38,000. Finally, Advisory Alpha LLC bought a new stake in Norfolk Southern in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Shares of NYSE NSC opened at $271.48 on Thursday. The firm has a market capitalization of $73.91 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.09 and a beta of 1.38. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85. Norfolk Southern Co. has a 1 year low of $147.37 and a 1 year high of $276.15. The firm’s 50-day moving average is $261.21 and its 200-day moving average is $240.01.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, January 26th. The railroad operator reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.16. Norfolk Southern had a net margin of 20.27% and a return on equity of 15.83%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm earned $2.55 EPS. Norfolk Southern’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Norfolk Southern Co. will post 9.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Friday, February 5th were paid a dividend of $0.99 per share. This is a positive change from Norfolk Southern’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, February 4th. This represents a $3.96 annualized dividend and a yield of 1.46%. Norfolk Southern’s dividend payout ratio (DPR) is presently 38.30%.

Several analysts recently issued reports on the stock. Cowen upped their price objective on shares of Norfolk Southern from $224.00 to $254.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Norfolk Southern from $232.00 to $261.00 and gave the company a “hold” rating in a report on Monday, March 29th. Vertical Research started coverage on shares of Norfolk Southern in a research note on Friday, March 26th. They issued a “hold” rating and a $240.00 price objective for the company. Morgan Stanley increased their price objective on shares of Norfolk Southern from $145.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Credit Suisse Group dropped their price objective on shares of Norfolk Southern from $283.00 to $271.00 and set an “outperform” rating for the company in a research note on Thursday, January 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $238.57.

In other Norfolk Southern news, EVP Ann A. Adams sold 2,460 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $255.00, for a total transaction of $627,300.00. Following the sale, the executive vice president now directly owns 9,601 shares in the company, valued at approximately $2,448,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann A. Adams sold 1,417 shares of the firm’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $239.00, for a total transaction of $338,663.00. Following the sale, the executive vice president now owns 8,710 shares in the company, valued at $2,081,690. The disclosure for this sale can be found here. Insiders have sold a total of 4,147 shares of company stock worth $1,030,541 in the last three months. 0.32% of the stock is owned by 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 industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials; and coal, automobiles, and automotive parts.

See Also: The limitations of an equal weight rating

Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.