Czech National Bank Has $17.08 Million Holdings in Norfolk Southern Corporation $NSC

Czech National Bank grew its position in Norfolk Southern Corporation (NYSE:NSC) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 59,167 shares of the railroad operator’s stock after acquiring an additional 2,185 shares during the period. Czech National Bank’s holdings in Norfolk Southern were worth $17,083,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NSC. Tritonpoint Wealth LLC increased its holdings in Norfolk Southern by 3.5% in the 3rd quarter. Tritonpoint Wealth LLC now owns 1,041 shares of the railroad operator’s stock worth $313,000 after purchasing an additional 35 shares in the last quarter. Massachusetts Wealth Management raised its position in Norfolk Southern by 0.6% in the third quarter. Massachusetts Wealth Management now owns 5,986 shares of the railroad operator’s stock valued at $1,798,000 after purchasing an additional 35 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Norfolk Southern by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock valued at $726,000 after purchasing an additional 35 shares in the last quarter. ORG Partners LLC boosted its stake 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 valued at $25,000 after purchasing an additional 36 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC grew its holdings in shares of Norfolk Southern by 1.9% during the third quarter. Inspirion Wealth Advisors LLC now owns 2,008 shares of the railroad operator’s stock worth $603,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NSC stock opened at $282.69 on Friday. The firm has a market cap of $63.48 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 5.10 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $300.07 and a 200-day moving average price of $292.41. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $319.94.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, beating the consensus estimate of $2.76 by $0.46. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 42.35%.

Analyst Ratings Changes

Several research firms have recently issued reports on NSC. Wolfe Research upped their price objective on Norfolk Southern from $361.00 to $368.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada cut their target price on shares of Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. Barclays decreased their price target on shares of Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Norfolk Southern from $301.00 to $296.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Jefferies Financial Group lifted their price target on shares of Norfolk Southern from $300.00 to $350.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating and seventeen have given 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 $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.