WINTON GROUP Ltd Invests $3.49 Million in Norfolk Southern Corporation $NSC

WINTON GROUP Ltd bought a new position in Norfolk Southern Corporation (NYSE:NSC) in the 3rd quarter, Holdings Channel reports. The firm bought 11,600 shares of the railroad operator’s stock, valued at approximately $3,485,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Norfolk Southern by 1.2% during the second quarter. Vanguard Group Inc. now owns 20,561,273 shares of the railroad operator’s stock valued at $5,263,069,000 after buying an additional 239,914 shares during the last quarter. Dodge & Cox lifted its stake in shares of Norfolk Southern by 1.8% during the 2nd quarter. Dodge & Cox now owns 10,859,121 shares of the railroad operator’s stock worth $2,779,609,000 after acquiring an additional 192,567 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Norfolk Southern by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,822,075 shares of the railroad operator’s stock worth $1,228,064,000 after acquiring an additional 36,362 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Norfolk Southern by 4.6% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 4,182,921 shares of the railroad operator’s stock valued at $1,070,702,000 after acquiring an additional 184,586 shares during the period. Finally, Lazard Asset Management LLC grew its position in Norfolk Southern by 6.5% in the 2nd quarter. Lazard Asset Management LLC now owns 3,289,431 shares of the railroad operator’s stock valued at $841,994,000 after acquiring an additional 201,861 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Trading Down 1.1%

Shares of NYSE:NSC opened at $298.96 on Wednesday. The business’s 50-day moving average is $300.48 and its 200 day moving average is $291.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $319.94. The firm has a market capitalization of $67.14 billion, a P/E ratio of 23.45, a P/E/G ratio of 5.46 and a beta of 1.31.

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

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a $1.35 dividend. The ex-dividend date was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is 42.35%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NSC shares. Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Rothschild & Co Redburn lifted their price target on shares of Norfolk Southern from $299.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Wolfe Research increased their price objective on Norfolk Southern from $361.00 to $368.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada decreased their target price on Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Finally, UBS Group downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price target on the stock. in a research report on Friday, February 6th. Seven analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $308.95.

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.