Krilogy Financial LLC Invests $1.34 Million in Norfolk Southern Corporation $NSC

Krilogy Financial LLC purchased a new stake in Norfolk Southern Corporation (NYSE:NSC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,754 shares of the railroad operator’s stock, valued at approximately $1,335,000.

Other hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC increased its holdings in shares of Norfolk Southern by 75.0% in the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. BNP Paribas acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at approximately $26,000. True Wealth Design LLC increased its stake in Norfolk Southern by 423.8% during the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. Finally, MMA Asset Management LLC acquired a new stake in Norfolk Southern during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.9%

Shares of NSC stock opened at $314.56 on Friday. The firm’s fifty day moving average price is $293.35 and its two-hundred day moving average price is $287.74. 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 Corporation has a 1 year low of $201.63 and a 1 year high of $319.94. The firm has a market capitalization of $70.64 billion, a P/E ratio of 24.67, a PEG ratio of 5.64 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, January 29th. The railroad operator reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.46. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.Norfolk Southern’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.04 EPS. On average, equities analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. Norfolk Southern’s payout ratio is 42.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NSC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Norfolk Southern in a report on Thursday, January 22nd. Sanford C. Bernstein cut their price objective on shares of Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Zacks Research lowered shares of Norfolk Southern from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Barclays lowered their target price on Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Finally, Evercore boosted their price target on Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. Seven research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $304.47.

Insider Activity at Norfolk Southern

In other news, EVP Anil Bhatt sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $281.60, for a total transaction of $253,440.00. Following the sale, the executive vice president owned 1,413 shares in the company, valued at $397,900.80. This represents a 38.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Jr. Clyburn bought 204 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of $294.79 per share, with a total value of $60,137.16. Following the completion of the purchase, the director directly owned 405 shares of the company’s stock, valued at $119,389.95. This represents a 101.49% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by insiders.

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.