Lighthouse Financial LLC Buys Shares of 833 Norfolk Southern Corporation $NSC

Lighthouse Financial LLC bought a new position in Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 833 shares of the railroad operator’s stock, valued at approximately $213,000.

Several other institutional investors have also made changes to their positions in NSC. Brighton Jones LLC raised its position in 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 acquiring an additional 79 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Norfolk Southern by 0.9% during the 1st quarter. Jennison Associates LLC now owns 12,886 shares of the railroad operator’s stock worth $3,052,000 after purchasing an additional 120 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Norfolk Southern by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 19,907 shares of the railroad operator’s stock worth $4,715,000 after purchasing an additional 205 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Norfolk Southern by 29.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 16,161 shares of the railroad operator’s stock valued at $3,828,000 after purchasing an additional 3,659 shares in the last quarter. Finally, OneAscent Financial Services LLC lifted its stake in shares of Norfolk Southern by 102.4% in the 1st quarter. OneAscent Financial Services LLC now owns 4,944 shares of the railroad operator’s stock valued at $1,170,000 after purchasing an additional 2,501 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Norfolk Southern

In related news, Director Richard H. Anderson bought 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was purchased at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $1,973,020. This trade represents a 59.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameh Fahmy purchased 1,650 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of $282.97 per share, for a total transaction of $466,900.50. Following the completion of the transaction, the director directly owned 12,000 shares in the company, valued at approximately $3,395,640. The trade was a 15.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird increased their target price on shares of Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Evercore ISI upped their price target on Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Citigroup cut their price objective on Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Sanford C. Bernstein reduced their target price on Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, Susquehanna increased their price target on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $301.10.

Norfolk Southern Price Performance

NYSE NSC opened at $281.87 on Tuesday. The stock has a 50-day simple moving average of $286.96 and a 200 day simple moving average of $270.23. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The stock has a market capitalization of $63.25 billion, a PE ratio of 21.50, a P/E/G ratio of 2.52 and a beta of 1.33. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.78 and a current ratio of 0.86.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the firm earned $3.25 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, November 7th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s payout ratio is 41.19%.

Norfolk Southern Company 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.