Rossmore Private Capital Has $3.32 Million Holdings in Norfolk Southern Corporation $NSC

Rossmore Private Capital boosted its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,502 shares of the railroad operator’s stock after acquiring an additional 2,595 shares during the period. Rossmore Private Capital’s holdings in Norfolk Southern were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. United Bank lifted its holdings in Norfolk Southern by 4.2% during the fourth quarter. United Bank now owns 11,576 shares of the railroad operator’s stock worth $3,342,000 after acquiring an additional 470 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in Norfolk Southern by 4.9% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,536 shares of the railroad operator’s stock worth $732,000 after acquiring an additional 119 shares in the last quarter. Canada Post Corp Registered Pension Plan lifted its holdings in Norfolk Southern by 24.3% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 6,097 shares of the railroad operator’s stock worth $1,760,000 after acquiring an additional 1,190 shares in the last quarter. Stephens Inc. AR lifted its holdings in Norfolk Southern by 3.9% during the fourth quarter. Stephens Inc. AR now owns 9,679 shares of the railroad operator’s stock worth $2,795,000 after acquiring an additional 365 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its holdings in Norfolk Southern by 335.5% during the fourth quarter. AlphaCore Capital LLC now owns 2,365 shares of the railroad operator’s stock worth $683,000 after acquiring an additional 1,822 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Norfolk Southern from $313.00 to $337.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Rothschild & Co Redburn lifted their target price on Norfolk Southern from $308.00 to $315.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Norfolk Southern from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Evercore set a $325.00 target price on Norfolk Southern in a report on Friday, April 24th. Finally, UBS Group set a $327.00 price target on Norfolk Southern in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $319.83.

Norfolk Southern Stock Performance

Shares of Norfolk Southern stock opened at $316.85 on Monday. The firm has a market cap of $71.16 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 5.84 and a beta of 1.30. The stock’s 50-day moving average is $299.40 and its 200-day moving average is $296.12. Norfolk Southern Corporation has a one year low of $236.37 and a one year high of $323.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81.

Norfolk Southern (NYSE:NSC) last released its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 earnings per share. Equities analysts predict that Norfolk Southern Corporation will post 12.11 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.7%. Norfolk Southern’s dividend payout ratio (DPR) is 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.