Odyssean LLC Grows Position in Norfolk Southern Corporation $NSC

Odyssean LLC raised its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 101.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,723 shares of the railroad operator’s stock after purchasing an additional 2,383 shares during the period. Odyssean LLC’s holdings in Norfolk Southern were worth $1,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sovereign Financial Group Inc. grew its stake in shares of Norfolk Southern by 3.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock valued at $318,000 after acquiring an additional 35 shares during the period. Bar Harbor Wealth Management raised its stake in Norfolk Southern by 0.6% during the 1st quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock worth $1,805,000 after acquiring an additional 36 shares during the period. Apollon Financial LLC raised its stake in Norfolk Southern by 4.3% during the 1st quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock worth $253,000 after acquiring an additional 36 shares during the period. Moss Adams Wealth Advisors LLC lifted its holdings in Norfolk Southern by 4.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 36 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its holdings in Norfolk Southern by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 649 shares of the railroad operator’s stock valued at $187,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.4%

Norfolk Southern stock opened at $329.07 on Friday. The stock has a market cap of $73.91 billion, a P/E ratio of 28.08, a PEG ratio of 4.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.83 and a quick ratio of 0.73. Norfolk Southern Corporation has a 1 year low of $268.23 and a 1 year high of $358.60. The firm’s 50 day moving average price is $335.43 and its 200-day moving average price is $315.67.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. Norfolk Southern’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.29 earnings per share. On average, equities analysts predict that Norfolk Southern Corporation will post 12.87 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Friday, August 7th were paid a $1.35 dividend. The ex-dividend date was Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.6%. Norfolk Southern’s payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

NSC has been the subject of a number of analyst reports. Barclays increased their price objective on shares of Norfolk Southern from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Norfolk Southern from $316.00 to $338.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Susquehanna increased their price target on Norfolk Southern from $337.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Robert W. Baird raised their price target on Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Evercore set a $358.00 price objective on Norfolk Southern in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $348.00.

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.