TABR Capital Management LLC Takes $803,000 Position in Norfolk Southern Corporation $NSC

TABR Capital Management LLC bought a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,783 shares of the railroad operator’s stock, valued at approximately $803,000.

A number of other large investors also recently added to or reduced their stakes in NSC. Tritonpoint Wealth LLC boosted its position in Norfolk Southern by 3.5% during the third quarter. Tritonpoint Wealth LLC now owns 1,041 shares of the railroad operator’s stock valued at $313,000 after buying an additional 35 shares during the period. Massachusetts Wealth Management increased its holdings in shares of Norfolk Southern by 0.6% in the third quarter. Massachusetts Wealth Management now owns 5,986 shares of the railroad operator’s stock worth $1,798,000 after buying an additional 35 shares during the period. Gilbert & Cook Inc. increased its holdings in shares of Norfolk Southern by 1.4% in the fourth quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock worth $726,000 after buying an additional 35 shares during the period. ORG Partners LLC lifted its stake in shares of Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC boosted its holdings in Norfolk Southern by 1.9% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 2,008 shares of the railroad operator’s stock valued at $603,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 1.2%

Shares of NYSE:NSC opened at $281.51 on Monday. The stock’s 50-day moving average is $300.46 and its 200 day moving average is $292.47. The company has a market cap of $63.22 billion, a PE ratio of 22.08, a P/E/G ratio of 5.08 and a beta of 1.31. 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.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data 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. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $3.04 EPS. Sell-side analysts anticipate 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 was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is presently 42.35%.

Analyst Ratings Changes

NSC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered Norfolk Southern from a “buy” rating to a “hold” rating and reduced their price target for the stock from $354.00 to $297.00 in a research report on Thursday, December 11th. Susquehanna increased their price objective on Norfolk Southern from $304.00 to $305.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Benchmark restated a “hold” rating on shares of Norfolk Southern in a report on Friday, January 30th. Argus raised shares of Norfolk Southern to a “hold” rating in a research note on Wednesday, February 25th. Finally, Barclays lowered their price target on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and an average price target of $308.95.

Norfolk Southern Company 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.