Kintayl Capital LP Purchases New Position in Norfolk Southern Corporation $NSC

Kintayl Capital LP purchased a new position in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,730 shares of the railroad operator’s stock, valued at approximately $4,634,000. Norfolk Southern accounts for about 1.8% of Kintayl Capital LP’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the 3rd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Norfolk Southern in the 2nd quarter worth $26,000. BNP Paribas acquired a new position in Norfolk Southern during the second quarter worth $26,000. Meeder Asset Management Inc. acquired a new position in Norfolk Southern during the second quarter worth $27,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Norfolk Southern during the second quarter valued at $31,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NSC shares. Robert W. Baird lifted their target price on shares of Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a research note on Friday, July 24th. Citigroup increased their target price on Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Barclays raised their target price on Norfolk Southern from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Susquehanna boosted their price target on Norfolk Southern from $337.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $348.00.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $351.73 on Wednesday. The business’s fifty day simple moving average is $329.90 and its 200-day simple moving average is $314.17. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. The firm has a market cap of $79.00 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 6.25 and a beta of 1.27. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. Norfolk Southern’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 earnings per share. Equities analysts forecast that Norfolk Southern Corporation will post 12.66 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Friday, August 7th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 7th. Norfolk Southern’s dividend payout ratio is currently 46.08%.

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.