5,414 Shares in Norfolk Southern Corporation $NSC Acquired by Blue Jean Financial LLC

Blue Jean Financial LLC bought a new position in Norfolk Southern Corporation (NYSE:NSC) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,414 shares of the railroad operator’s stock, valued at approximately $1,563,000.

Other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new stake in shares of Norfolk Southern in the third quarter worth approximately $24,033,000. Primecap Management Co. CA boosted its position in shares of Norfolk Southern by 7.9% in the third quarter. Primecap Management Co. CA now owns 1,132,583 shares of the railroad operator’s stock worth $340,239,000 after acquiring an additional 82,500 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Norfolk Southern by 9.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 43,408 shares of the railroad operator’s stock valued at $12,533,000 after buying an additional 3,887 shares in the last quarter. NEOS Investment Management LLC lifted its position in Norfolk Southern by 47.0% during the third quarter. NEOS Investment Management LLC now owns 25,298 shares of the railroad operator’s stock valued at $7,600,000 after buying an additional 8,090 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in Norfolk Southern by 11.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 15,143 shares of the railroad operator’s stock valued at $4,549,000 after buying an additional 1,587 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on NSC shares. Barclays lifted their price target on shares of Norfolk Southern from $320.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Norfolk Southern from $310.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Wolfe Research lifted their price target on shares of Norfolk Southern from $350.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. BMO Capital Markets lifted their price target on shares of Norfolk Southern from $305.00 to $310.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Finally, Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Six analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $322.71.

Norfolk Southern Trading Up 1.1%

NSC opened at $314.05 on Friday. The firm has a market capitalization of $70.53 billion, a P/E ratio of 26.46, a P/E/G ratio of 5.79 and a beta of 1.27. The firm’s 50 day moving average is $308.35 and its 200-day moving average is $300.08. Norfolk Southern Corporation has a 52-week low of $247.85 and a 52-week high of $326.00. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 earnings per share. Analysts expect that Norfolk Southern Corporation will post 12.12 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

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.