RWA Wealth Partners LLC Has $1.20 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

RWA Wealth Partners LLC increased its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,105 shares of the railroad operator’s stock after acquiring an additional 94 shares during the period. RWA Wealth Partners LLC’s holdings in Norfolk Southern were worth $1,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Financial Life Planners acquired a new position in Norfolk Southern during the fourth quarter valued at approximately $27,000. Keystone Financial Group Inc. acquired a new position in Norfolk Southern in the 4th quarter valued at $27,000. Bank of Jackson Hole Trust bought a new position in Norfolk Southern in the 4th quarter worth $27,000. Vision Financial Markets LLC acquired a new position in Norfolk Southern during the 4th quarter worth $28,000. Finally, Atlantic Private Wealth LLC bought a new stake in Norfolk Southern during the fourth quarter valued at about $29,000. 75.10% of the stock is owned by institutional investors.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Gilbert H. Lamphere acquired 607 shares of the business’s stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $259.86 per share, for a total transaction of $157,735.02. Following the transaction, the director now owns 2,487 shares in the company, valued at $646,271.82. This trade represents a 32.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NSC shares. Deutsche Bank Aktiengesellschaft assumed coverage on Norfolk Southern in a research note on Friday, March 7th. They issued a “buy” rating and a $293.00 price objective on the stock. Susquehanna reduced their price objective on Norfolk Southern from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Robert W. Baird raised their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their target price on shares of Norfolk Southern from $275.00 to $286.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Bank of America decreased their price target on shares of Norfolk Southern from $292.00 to $272.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.84.

Norfolk Southern Stock Performance

Shares of NYSE:NSC opened at $237.24 on Tuesday. The stock has a market capitalization of $53.72 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. The business’s fifty day moving average price is $245.12 and its two-hundred day moving average price is $248.93. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. As a group, analysts predict that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.71%.

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.