Financial Planning Hawaii Inc. Invests $674,000 in Norfolk Southern Corporation $NSC

Financial Planning Hawaii Inc. acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,334 shares of the railroad operator’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC lifted its position in shares of Norfolk Southern by 75.0% during the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Norfolk Southern during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. boosted its position 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 buying an additional 58 shares during the period. BNP Paribas bought a new position in Norfolk Southern in the 2nd quarter worth about $26,000. Finally, GoalVest Advisory LLC raised its stake in shares of Norfolk Southern by 933.3% during the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.4%

Norfolk Southern stock opened at $282.17 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. The firm has a market cap of $63.37 billion, a P/E ratio of 22.13, a P/E/G ratio of 5.11 and a beta of 1.31. The business has a fifty day moving average of $299.79 and a two-hundred day moving average of $292.81. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $319.94.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.46. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $3.04 EPS. On average, analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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

Wall Street Analyst Weigh In

NSC has been the topic of several research reports. Rothschild & Co Redburn raised their price objective on Norfolk Southern from $299.00 to $317.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. lowered their target price on Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Susquehanna raised their price target on Norfolk Southern from $304.00 to $305.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price objective for the company from $354.00 to $297.00 in a report on Thursday, December 11th. Finally, Jefferies Financial Group upped their price objective 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. Seven investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern presently has a consensus rating of “Hold” and a consensus price target of $309.95.

Norfolk Southern 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.