Tilt Investment Management Holdings PBC Makes New Investment in Norfolk Southern Co. (NYSE:NSC)

Tilt Investment Management Holdings PBC bought a new position in Norfolk Southern Co. (NYSE:NSC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 917 shares of the railroad operator’s stock, valued at approximately $217,000.

Other hedge funds have also added to or reduced their stakes in the company. Worth Asset Management LLC bought a new stake in Norfolk Southern in the first quarter worth approximately $30,000. Exchange Traded Concepts LLC boosted its position in Norfolk Southern by 662.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after purchasing an additional 106 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Norfolk Southern in the fourth quarter worth $32,000. Provence Wealth Management Group purchased a new position in Norfolk Southern in the third quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Norfolk Southern by 317.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock valued at $35,000 after buying an additional 111 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Norfolk Southern from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Barclays upgraded Norfolk Southern from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $255.00 to $305.00 in a research note on Wednesday, February 21st. Morgan Stanley lowered Norfolk Southern from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $185.00 to $175.00 in a research note on Monday, January 29th. BMO Capital Markets decreased their target price on Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating on the stock in a research note on Monday, January 29th. Finally, Jefferies Financial Group initiated coverage on Norfolk Southern in a research note on Monday, April 8th. They issued a “buy” rating and a $300.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $262.74.

Norfolk Southern Trading Up 0.3 %

Shares of NSC stock opened at $240.12 on Friday. Norfolk Southern Co. has a 1-year low of $183.09 and a 1-year high of $263.66. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 1.14. The business has a 50-day moving average of $253.23 and a 200 day moving average of $230.45. The stock has a market capitalization of $59.12 billion, a PE ratio of 29.94, a P/E/G ratio of 3.25 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last released its earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.42 EPS. As a group, sell-side analysts anticipate that Norfolk Southern Co. will post 11.98 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 2nd were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s payout ratio is presently 67.33%.

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.