Norfolk Southern Co. (NYSE:NSC) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its position in Norfolk Southern Co. (NYSE:NSCFree Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,449 shares of the railroad operator’s stock after purchasing an additional 62 shares during the period. SeaCrest Wealth Management LLC’s holdings in Norfolk Southern were worth $561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Boltwood Capital Management raised its holdings in Norfolk Southern by 2.1% during the fourth quarter. Boltwood Capital Management now owns 2,145 shares of the railroad operator’s stock worth $507,000 after purchasing an additional 45 shares in the last quarter. Northwest Investment Counselors LLC grew its position in shares of Norfolk Southern by 23.6% during the third quarter. Northwest Investment Counselors LLC now owns 262 shares of the railroad operator’s stock worth $52,000 after acquiring an additional 50 shares during the last quarter. Bridge Creek Capital Management LLC grew its position in shares of Norfolk Southern by 0.5% during the third quarter. Bridge Creek Capital Management LLC now owns 10,454 shares of the railroad operator’s stock worth $2,059,000 after acquiring an additional 50 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Norfolk Southern by 1.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 4,403 shares of the railroad operator’s stock worth $1,041,000 after acquiring an additional 50 shares during the last quarter. Finally, Horan Securities Inc. grew its position in shares of Norfolk Southern by 3.5% during the third quarter. Horan Securities Inc. now owns 1,578 shares of the railroad operator’s stock worth $311,000 after acquiring an additional 53 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NSC has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Norfolk Southern from a “market perform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research report on Monday, January 22nd. Stifel Nicolaus lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating and lowered their price objective for the company from $250.00 to $233.00 in a research report on Monday, January 29th. TD Cowen lifted their price objective on shares of Norfolk Southern from $236.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. TheStreet upgraded shares of Norfolk Southern from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Finally, Barclays upgraded shares of Norfolk Southern from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $255.00 to $305.00 in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.38.

Get Our Latest Research Report on NSC

Norfolk Southern Trading Up 1.3 %

NYSE:NSC opened at $254.87 on Friday. The company has a market capitalization of $62.75 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 3.42 and a beta of 1.30. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 1.34. Norfolk Southern Co. has a 52-week low of $183.09 and a 52-week high of $263.66. The stock has a fifty day simple moving average of $251.67 and a 200-day simple moving average of $225.51.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.04). The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $3.42 EPS. On average, equities research analysts expect that Norfolk Southern Co. will post 12.14 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 67.33%.

Norfolk Southern Profile

(Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

Further Reading

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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