Integrity Advisory Solutions LLC Makes New $506,000 Investment in Norfolk Southern Corporation $NSC

Integrity Advisory Solutions LLC bought a new position in Norfolk Southern Corporation (NYSE:NSC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,686 shares of the railroad operator’s stock, valued at approximately $506,000.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after purchasing an additional 79 shares during the period. Intech Investment Management LLC boosted its stake in shares of Norfolk Southern by 40.4% in the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after purchasing an additional 1,855 shares during the period. Sivia Capital Partners LLC acquired a new stake in Norfolk Southern during the 2nd quarter valued at $327,000. Schnieders Capital Management LLC. increased its stake in Norfolk Southern by 64.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock worth $1,094,000 after buying an additional 1,670 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in Norfolk Southern by 58.5% in the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock worth $33,000 after buying an additional 48 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Evercore raised their target price on Norfolk Southern from $298.00 to $299.00 in a research note on Thursday, December 18th. UBS Group downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price target for the company. in a report on Friday, February 6th. Argus upgraded Norfolk Southern to a “hold” rating in a report on Wednesday, February 25th. Wolfe Research upped their target price on Norfolk Southern from $361.00 to $368.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $304.47.

Norfolk Southern Stock Performance

NSC stock opened at $311.57 on Friday. The stock’s 50 day simple moving average is $299.85 and its 200 day simple moving average is $291.39. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $319.94. The firm has a market cap of $69.97 billion, a P/E ratio of 24.44, a P/E/G ratio of 5.74 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.46. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 earnings per share. As a group, equities research analysts predict that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, February 6th. Norfolk Southern’s dividend payout ratio is currently 42.35%.

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.