Twinbeech Capital LP Has $10.64 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

Twinbeech Capital LP cut its holdings in Norfolk Southern Co. (NYSE:NSC) by 78.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,342 shares of the railroad operator’s stock after selling 168,375 shares during the quarter. Twinbeech Capital LP’s holdings in Norfolk Southern were worth $10,642,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Norfolk Southern by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 20,089,164 shares of the railroad operator’s stock valued at $4,714,927,000 after purchasing an additional 139,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Norfolk Southern by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator’s stock worth $2,020,318,000 after purchasing an additional 918,559 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Norfolk Southern by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,694,573 shares of the railroad operator’s stock valued at $1,098,472,000 after acquiring an additional 113,648 shares in the last quarter. Boston Partners boosted its position in shares of Norfolk Southern by 16.9% during the fourth quarter. Boston Partners now owns 4,020,392 shares of the railroad operator’s stock valued at $945,385,000 after buying an additional 580,293 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its holdings in Norfolk Southern by 1.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 3,968,582 shares of the railroad operator’s stock worth $931,426,000 after buying an additional 75,865 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 1.0%

NSC opened at $243.76 on Tuesday. The stock has a market cap of $54.95 billion, a PE ratio of 21.09, a PEG ratio of 2.31 and a beta of 1.30. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $226.45 and a 200-day moving average of $242.37. Norfolk Southern Co. has a 52 week low of $201.63 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 EPS. Equities research analysts predict that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, May 2nd. Norfolk Southern’s payout ratio is presently 36.89%.

Analyst Ratings Changes

Several brokerages recently issued reports on NSC. Loop Capital downgraded Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price target for the stock from $289.00 to $256.00 in a report on Monday, February 3rd. Bank of America upped their price target on Norfolk Southern from $267.00 to $280.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus dropped their price target on Norfolk Southern from $265.00 to $247.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their price objective on Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $255.00 price objective on shares of Norfolk Southern in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $266.50.

About Norfolk Southern

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.