Schechter Investment Advisors LLC Buys Shares of 1,128 Norfolk Southern Co. (NYSE:NSC)

Schechter Investment Advisors LLC purchased a new stake in shares of Norfolk Southern Co. (NYSE:NSCFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,128 shares of the railroad operator’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSC. Axiom Financial Strategies LLC lifted its position in Norfolk Southern by 9.2% during the first quarter. Axiom Financial Strategies LLC now owns 852 shares of the railroad operator’s stock valued at $220,000 after buying an additional 72 shares in the last quarter. Fairfield Bush & CO. acquired a new position in Norfolk Southern during the first quarter valued at approximately $81,000. United Bank lifted its position in Norfolk Southern by 2.0% during the first quarter. United Bank now owns 7,581 shares of the railroad operator’s stock valued at $2,162,000 after buying an additional 148 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Norfolk Southern by 4.6% during the first quarter. Cetera Investment Advisers now owns 8,640 shares of the railroad operator’s stock worth $2,464,000 after purchasing an additional 377 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Norfolk Southern by 13.3% during the first quarter. Sequoia Financial Advisors LLC now owns 1,946 shares of the railroad operator’s stock worth $555,000 after purchasing an additional 228 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSC. Morgan Stanley cut shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $185.00 to $175.00 in a research report on Monday, January 29th. Sanford C. Bernstein raised 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. Bank of America raised shares of Norfolk Southern from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $204.00 to $248.00 in a research report on Friday, December 1st. Barclays raised shares of Norfolk Southern from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $255.00 to $305.00 in a research report on Wednesday, February 21st. Finally, TD Cowen lifted their price target on shares of Norfolk Southern from $236.00 to $253.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus price target of $252.38.

Check Out Our Latest Research Report on NSC

Norfolk Southern Stock Performance

Shares of NSC opened at $254.87 on Friday. Norfolk Southern Co. has a 1 year low of $183.09 and a 1 year high of $263.66. The company has a market cap of $62.75 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24. The firm has a fifty day moving average of $251.67 and a 200-day moving average of $225.51.

Norfolk Southern (NYSE:NSCGet Free Report) last announced 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). Norfolk Southern had a net margin of 15.03% and a return on equity of 21.06%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $3.42 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Norfolk Southern Co. will post 12.14 earnings per share for the current 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 issued 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 of this dividend was Thursday, February 1st. Norfolk Southern’s dividend payout ratio (DPR) is 67.33%.

Norfolk Southern Company 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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