Rossmore Private Capital Buys 58 Shares of Norfolk Southern Corporation (NYSE:NSC)

Rossmore Private Capital boosted its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,901 shares of the railroad operator’s stock after acquiring an additional 58 shares during the period. Rossmore Private Capital’s holdings in Norfolk Southern were worth $2,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Norfolk Southern by 25,555.7% during the first quarter. GAMMA Investing LLC now owns 989,796 shares of the railroad operator’s stock valued at $234,433,000 after purchasing an additional 985,938 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Norfolk Southern by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator’s stock valued at $2,020,318,000 after buying an additional 918,559 shares during the last quarter. Nuveen LLC purchased a new position in Norfolk Southern during the 1st quarter valued at approximately $122,256,000. The Manufacturers Life Insurance Company grew its holdings in Norfolk Southern by 293.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 671,680 shares of the railroad operator’s stock valued at $157,643,000 after buying an additional 501,053 shares in the last quarter. Finally, Phoenix Financial Ltd. bought a new stake in Norfolk Southern in the 1st quarter worth approximately $110,209,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Down 0.6%

NYSE:NSC opened at $278.29 on Tuesday. The company has a market cap of $62.51 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $288.11. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $264.24 and a 200-day simple moving average of $245.92.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 1st. Norfolk Southern’s payout ratio is currently 36.49%.

Wall Street Analyst Weigh In

NSC has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $288.00 target price (up from $282.00) on shares of Norfolk Southern in a research report on Wednesday, July 30th. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. TD Cowen upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and increased their price objective for the company from $263.00 to $323.00 in a research report on Monday, July 21st. The Goldman Sachs Group restated a “neutral” rating and issued a $278.00 target price on shares of Norfolk Southern in a report on Monday, June 2nd. Finally, Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern has an average rating of “Hold” and a consensus price target of $285.15.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.