Norfolk Southern Corporation $NSC Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,256 shares of the railroad operator’s stock after selling 1,981 shares during the period. Yousif Capital Management LLC’s holdings in Norfolk Southern were worth $9,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BNP Paribas acquired a new position in Norfolk Southern during the second quarter worth $26,000. WPG Advisers LLC purchased a new stake in shares of Norfolk Southern during the 1st quarter worth $27,000. True Wealth Design LLC grew its stake in shares of 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 during the period. NewSquare Capital LLC increased its holdings in shares of Norfolk Southern by 58.5% in the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Norfolk Southern in the second quarter valued at about $35,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Norfolk Southern news, Director William Jr. Clyburn bought 204 shares of Norfolk Southern stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average cost of $294.79 per share, for a total transaction of $60,137.16. Following the completion of the transaction, the director owned 405 shares of the company’s stock, valued at $119,389.95. This represents a 101.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard H. Anderson acquired 2,600 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were bought at an average price of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at approximately $1,973,020. This trade represents a 59.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 4,454 shares of company stock worth $1,259,874 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets upped their target price on shares of Norfolk Southern from $285.00 to $305.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Sanford C. Bernstein lowered their price target on Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings downgraded Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. UBS Group decreased their target price on Norfolk Southern from $321.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Loop Capital raised their price target on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a research report on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $299.40.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $291.73 on Wednesday. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The stock has a market cap of $65.46 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 5.38 and a beta of 1.32. The business’s fifty day moving average price is $287.90 and its two-hundred day moving average price is $279.75. 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 posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.30 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $3.25 EPS. On average, analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Norfolk Southern’s dividend payout ratio is currently 41.19%.

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.