Oddo BHF Asset Management Sas Purchases 57,500 Shares of Norfolk Southern Corporation $NSC

Oddo BHF Asset Management Sas grew its stake in Norfolk Southern Corporation (NYSE:NSC) by 766.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 65,000 shares of the railroad operator’s stock after purchasing an additional 57,500 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Norfolk Southern were worth $18,767,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NSC. Brighton Jones LLC grew its holdings in shares of Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 79 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Norfolk Southern by 40.4% in the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after acquiring an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Norfolk Southern in the 2nd quarter valued at about $327,000. Schnieders Capital Management LLC. grew its holdings in shares of Norfolk Southern by 64.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Norfolk Southern by 185.1% in the 2nd quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after acquiring an additional 2,979 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 1.2%

Shares of NSC stock opened at $310.15 on Tuesday. The firm has a 50 day moving average price of $308.79 and a two-hundred day moving average price of $300.35. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $69.66 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 5.79 and a beta of 1.27. Norfolk Southern Corporation has a 12-month low of $248.82 and a 12-month high of $326.00.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The firm 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 business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.69 earnings per share. As a group, analysts predict that Norfolk Southern Corporation will post 12.12 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NSC shares. Zacks Research upgraded shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Citigroup reiterated a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Susquehanna raised their target price on shares of Norfolk Southern from $330.00 to $337.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. TD Cowen raised their target price on shares of Norfolk Southern from $313.00 to $337.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Six investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and an average target price of $322.71.

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.