4,875 Shares in Norfolk Southern Corporation $NSC Bought by Angelo Gordon & CO. L.P.

Angelo Gordon & CO. L.P. purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,875 shares of the railroad operator’s stock, valued at approximately $1,464,000.

A number of other large investors have also added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after buying an additional 36 shares during the period. Westside Investment Management Inc. increased its stake in shares of Norfolk Southern by 207.1% during the third 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 shares of Norfolk Southern during the second quarter valued at approximately $26,000. MMA Asset Management LLC purchased a new stake in Norfolk Southern in the third quarter worth $28,000. Finally, Highline Wealth Partners LLC boosted its holdings in Norfolk Southern by 68.9% in the third quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $289.25 on Friday. The stock has a market cap of $64.96 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 5.22 and a beta of 1.31. The firm’s 50-day moving average is $300.74 and its 200 day moving average is $292.10. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $319.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78.

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

Norfolk Southern Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on NSC shares. Barclays reduced their price objective on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Jefferies Financial Group boosted their price target on shares of Norfolk Southern from $300.00 to $350.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. UBS Group downgraded shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price target for the company. in a research note on Friday, February 6th. Weiss Ratings upgraded shares of Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Robert W. Baird upped their target price on Norfolk Southern from $288.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Eight investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Hold” and a consensus target price of $308.95.

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.