4,163 Shares in Norfolk Southern Co. (NYSE:NSC) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new position in Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,163 shares of the railroad operator’s stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NSC. Provence Wealth Management Group acquired a new stake in Norfolk Southern in the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC grew its stake in Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after acquiring an additional 106 shares during the period. Worth Asset Management LLC acquired a new stake in Norfolk Southern in the 1st quarter valued at $30,000. Operose Advisors LLC purchased a new position in Norfolk Southern in the 3rd quarter valued at $32,000. Finally, Orion Capital Management LLC purchased a new position in Norfolk Southern in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NSC shares. TheStreet upgraded Norfolk Southern from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Stifel Nicolaus lifted their price target on Norfolk Southern from $233.00 to $244.00 and gave the stock a “hold” rating in a report on Friday. Citigroup lifted their price target on Norfolk Southern from $253.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Jefferies Financial Group assumed coverage on Norfolk Southern in a report on Monday, April 8th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Morgan Stanley lowered Norfolk Southern from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $185.00 to $175.00 in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $262.33.

Norfolk Southern Trading Down 1.1 %

NYSE NSC traded down $2.67 during trading hours on Tuesday, hitting $242.90. 823,416 shares of the company’s stock were exchanged, compared to its average volume of 1,283,550. The business’s 50 day moving average is $253.91 and its 200-day moving average is $230.00. Norfolk Southern Co. has a 12-month low of $183.09 and a 12-month high of $263.66. The firm has a market capitalization of $59.80 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 3.33 and a beta of 1.30. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.24.

Norfolk Southern (NYSE:NSC) last released its earnings results on Friday, January 26th. The railroad operator reported $2.83 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.04). Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $3.42 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts anticipate that Norfolk Southern Co. will post 12 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 2nd were issued a $1.35 dividend. The ex-dividend date was Thursday, February 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.22%. Norfolk Southern’s dividend payout ratio (DPR) is 67.33%.

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.