Marble Wealth LLC Buys Shares of 3,220 Norfolk Southern Corporation $NSC

Marble Wealth LLC bought a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,220 shares of the railroad operator’s stock, valued at approximately $930,000.

Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in Norfolk Southern in the third quarter valued at about $25,000. Westside Investment Management Inc. raised its position in Norfolk Southern by 207.1% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. BNP Paribas bought a new position in Norfolk Southern in the second quarter valued at about $26,000. GoalVest Advisory LLC raised its position in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares during the last quarter. Finally, MMA Asset Management LLC bought a new position in Norfolk Southern in the third quarter valued at about $28,000. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NSC shares. JPMorgan Chase & Co. dropped their target price on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citigroup restated a “neutral” rating on shares of Norfolk Southern in a research report on Friday, April 24th. Wolfe Research raised their price objective on Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. BMO Capital Markets raised their price objective on Norfolk Southern from $305.00 to $310.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $322.29.

Norfolk Southern Price Performance

Shares of NSC opened at $307.65 on Wednesday. Norfolk Southern Corporation has a 1 year low of $243.70 and a 1 year high of $326.00. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The company has a market capitalization of $69.10 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.27. The business has a 50-day moving average of $303.67 and a 200-day moving average of $298.50.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $2.69 earnings per share. As a group, equities research analysts anticipate that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 8th. Norfolk Southern’s payout ratio is presently 45.49%.

About Norfolk Southern

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.