Triglav Investments D.O.O. Purchases New Holdings in Norfolk Southern Corporation $NSC

Triglav Investments D.O.O. purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,200 shares of the railroad operator’s stock, valued at approximately $2,079,000.

A number of other large investors also recently bought and sold shares of NSC. Brighton Jones LLC raised its holdings in shares of Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after purchasing an additional 79 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Norfolk Southern by 40.4% during the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after purchasing an additional 1,855 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Norfolk Southern during the second quarter valued at approximately $327,000. Schnieders Capital Management LLC. raised its holdings in shares of Norfolk Southern by 64.1% during the second quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Norfolk Southern by 185.1% during the second quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after purchasing an additional 2,979 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NSC shares. Sanford C. Bernstein decreased their price objective on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Robert W. Baird boosted their price objective on shares of Norfolk Southern from $315.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Zacks Research upgraded shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Evercore set a $325.00 target price on shares of Norfolk Southern in a research report on Friday, April 24th. Finally, Weiss Ratings lowered shares of Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Six investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and an average price target of $319.83.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $304.99 on Friday. The firm has a fifty day moving average price of $303.14 and a 200-day moving average price of $298.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The stock has a market cap of $68.50 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 5.69 and a beta of 1.30. Norfolk Southern Corporation has a 1 year low of $241.82 and a 1 year high of $326.00.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. Norfolk Southern’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that Norfolk Southern Corporation will post 12.11 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is presently 45.49%.

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.