Nykredit A S Makes New Investment in Norfolk Southern Corporation $NSC

Nykredit A S acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,837 shares of the railroad operator’s stock, valued at approximately $8,443,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sovereign Financial Group Inc. increased its stake in Norfolk Southern by 3.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock valued at $318,000 after purchasing an additional 35 shares in the last quarter. Bar Harbor Wealth Management lifted its stake in shares of Norfolk Southern by 0.6% in the first quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock valued at $1,805,000 after buying an additional 36 shares in the last quarter. Apollon Financial LLC grew its holdings in shares of Norfolk Southern by 4.3% during the first quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock valued at $253,000 after buying an additional 36 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in shares of Norfolk Southern by 4.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock valued at $237,000 after buying an additional 36 shares during the last quarter. Finally, CYBER HORNET ETFs LLC increased its position in shares of Norfolk Southern by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 649 shares of the railroad operator’s stock worth $187,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSC. Benchmark restated a “hold” rating on shares of Norfolk Southern in a report on Friday, July 24th. Evercore set a $358.00 price target on Norfolk Southern in a research note on Thursday, July 23rd. Royal Bank Of Canada boosted their price objective on Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. BMO Capital Markets increased their price objective on Norfolk Southern from $310.00 to $355.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on Norfolk Southern from $316.00 to $338.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $348.00.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $329.07 on Friday. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60. The company’s 50 day moving average price is $335.43 and its two-hundred day moving average price is $315.67. The stock has a market cap of $73.91 billion, a P/E ratio of 28.08, a P/E/G ratio of 4.89 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98.

Norfolk Southern (NYSE:NSC) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.20. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.38 billion. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.Norfolk Southern’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share. On average, equities analysts predict that Norfolk Southern Corporation will post 12.87 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Friday, August 7th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 7th. Norfolk Southern’s dividend payout ratio is 46.08%.

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.