Centennial Bank AR Has $166,000 Position in Norfolk Southern Corporation $NSC

Centennial Bank AR trimmed its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 90.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551 shares of the railroad operator’s stock after selling 5,425 shares during the period. Centennial Bank AR’s holdings in Norfolk Southern were worth $166,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NSC. ORG Partners LLC boosted its position in Norfolk Southern by 75.0% during the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. BNP Paribas acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at approximately $26,000. True Wealth Design LLC grew its stake in shares of Norfolk Southern by 423.8% in the second quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock valued at $28,000 after buying an additional 89 shares in the last quarter. Finally, MMA Asset Management LLC bought a new position in shares of Norfolk Southern in the third quarter valued at $28,000. Institutional investors own 75.10% of the company’s stock.

Insiders Place Their Bets

In other Norfolk Southern news, Director William Jr. Clyburn bought 204 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were purchased at an average price of $294.79 per share, for a total transaction of $60,137.16. Following the transaction, the director directly owned 405 shares in the company, valued at approximately $119,389.95. This trade represents a 101.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $316.94 on Thursday. The company has a market capitalization of $71.17 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 5.62 and a beta of 1.34. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $319.94. The stock’s 50 day moving average is $295.20 and its 200-day moving average is $288.81.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.46. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. Equities research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, February 6th. Norfolk Southern’s dividend payout ratio (DPR) is currently 42.35%.

Analysts Set New Price Targets

A number of brokerages have commented on NSC. Robert W. Baird cut their price target on shares of Norfolk Southern from $293.00 to $288.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Evercore upped their target price on shares of Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. UBS Group downgraded shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 target price for the company. in a research note on Friday, February 6th. BMO Capital Markets boosted their price target on Norfolk Southern from $285.00 to $305.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, Susquehanna raised their price objective on Norfolk Southern from $304.00 to $305.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $304.47.

About Norfolk Southern

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.