Sage Investment Advisers LLC Invests $645,000 in Norfolk Southern Corporation $NSC

Sage Investment Advisers LLC bought a new position in shares of Norfolk Southern Corporation (NYSE:NSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,235 shares of the railroad operator’s stock, valued at approximately $645,000.

Other large investors also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in shares of Norfolk Southern during the third quarter worth $25,000. Westside Investment Management Inc. lifted its stake in shares of Norfolk Southern by 207.1% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after acquiring an additional 58 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Norfolk Southern by 933.3% during the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 84 shares during the period. MMA Asset Management LLC acquired a new position in shares of Norfolk Southern during the third quarter valued at $28,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of Norfolk Southern by 669.2% during the third quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 87 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.0%

NYSE:NSC opened at $304.99 on Monday. Norfolk Southern Corporation has a 1-year low of $241.82 and a 1-year high of $326.00. The business’s 50-day moving average price is $303.14 and its two-hundred day moving average price is $298.38. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $68.50 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 5.63 and a beta of 1.27.

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 the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern’s dividend payout ratio is presently 45.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore set a $325.00 price target on Norfolk Southern in a research note on Friday, April 24th. Weiss Ratings lowered Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Robert W. Baird upped their price target on Norfolk Southern from $315.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Jefferies Financial Group cut their price target on Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Six analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $319.83.

Norfolk Southern Company 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.