30,851 Shares in Norfolk Southern Corporation $NSC Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Norfolk Southern Corporation (NYSE:NSC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,851 shares of the railroad operator’s stock, valued at approximately $8,907,000.

Other hedge funds have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Norfolk Southern in the third quarter worth about $25,000. Westside Investment Management Inc. raised its position in Norfolk Southern by 207.1% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after acquiring an additional 58 shares during the period. GoalVest Advisory LLC raised its position in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 84 shares during the period. MMA Asset Management LLC bought a new stake in Norfolk Southern in the third quarter worth about $28,000. Finally, FNY Investment Advisers LLC raised its position in Norfolk Southern by 669.2% in the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 87 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $313.88 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $70.49 billion, a PE ratio of 26.44, a P/E/G ratio of 5.79 and a beta of 1.27. Norfolk Southern Corporation has a twelve month low of $247.85 and a twelve month high of $326.00. The company has a 50-day moving average price of $305.69 and a two-hundred day moving average price of $299.07.

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. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $2.69 earnings per share. Equities analysts forecast that Norfolk Southern Corporation will post 12.11 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, May 8th. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

Analyst Ratings Changes

NSC has been the topic of several research reports. Wolfe Research lifted their price objective on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. TD Cowen lifted their price objective on shares of Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Argus raised shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Norfolk Southern in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $322.71.

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.