Y.D. More Investments Ltd Purchases New Shares in Norfolk Southern Corporation $NSC

Y.D. More Investments Ltd acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,846 shares of the railroad operator’s stock, valued at approximately $2,265,000.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC raised its position 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 period. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern during the third quarter worth about $25,000. Westside Investment Management Inc. lifted its stake in Norfolk Southern by 207.1% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. BNP Paribas acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $26,000. Finally, GoalVest Advisory LLC grew its stake in shares of Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $288.18 on Monday. The company has a market cap of $70.55 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 5.25 and a beta of 1.31. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $319.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 0.85. The stock has a fifty day moving average price of $299.90 and a 200-day moving average price of $293.11.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $3.04 earnings per share. Norfolk Southern’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, February 6th. Norfolk Southern’s payout ratio is 42.35%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NSC shares. Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Citigroup dropped their target price on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Jefferies Financial Group raised their target price on shares of Norfolk Southern from $300.00 to $350.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Rothschild & Co Redburn reduced their target price on shares of Norfolk Southern from $317.00 to $308.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Finally, Barclays cut their price objective on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Hold” and an average price target of $307.89.

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.