Caldwell Trust Co Takes Position in Norfolk Southern Corporation $NSC

Caldwell Trust Co bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 6,693 shares of the railroad operator’s stock, valued at approximately $1,713,000.

Several other institutional investors have also recently added to or reduced their stakes in NSC. BNP Paribas acquired a new stake in shares of Norfolk Southern during the second quarter worth approximately $26,000. WPG Advisers LLC bought a new stake in Norfolk Southern during the 1st quarter worth approximately $27,000. True Wealth Design LLC increased its holdings in Norfolk Southern by 423.8% during the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 89 shares in the last quarter. NewSquare Capital LLC raised its position in Norfolk Southern by 58.5% in the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Norfolk Southern in the second quarter worth $35,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Up 1.0%

NSC opened at $296.99 on Monday. The firm has a 50 day simple moving average of $287.93 and a 200 day simple moving average of $277.48. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a market cap of $66.64 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.78.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.Norfolk Southern’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.25 EPS. On average, sell-side analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is 41.19%.

Insider Buying and Selling

In other news, Director William Jr. Clyburn purchased 204 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average cost of $294.79 per share, for a total transaction of $60,137.16. Following the transaction, the director directly owned 405 shares of the company’s stock, valued at approximately $119,389.95. The trade was a 101.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard H. Anderson acquired 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $281.86 per share, with a total value of $732,836.00. Following the acquisition, the director owned 7,000 shares of the company’s stock, valued at approximately $1,973,020. This trade represents a 59.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 4,454 shares of company stock valued at $1,259,874 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on NSC shares. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Robert W. Baird set a $293.00 price objective on shares of Norfolk Southern in a research report on Friday, December 5th. Evercore ISI upped their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Citigroup lowered their price target on shares of Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Loop Capital boosted their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research report on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $297.90.

Norfolk Southern Company Profile

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.