Ieq Capital LLC raised its stake in Norfolk Southern Corp. (NYSE:NSC) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,487 shares of the railroad operator’s stock after buying an additional 461 shares during the period. Ieq Capital LLC’s holdings in Norfolk Southern were worth $363,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Savior LLC bought a new position in shares of Norfolk Southern in the fourth quarter valued at $30,000. CFM Wealth Partners LLC acquired a new stake in Norfolk Southern during the 4th quarter valued at $33,000. Tarbox Family Office Inc. raised its stake in Norfolk Southern by 54.4% during the 1st quarter. Tarbox Family Office Inc. now owns 230 shares of the railroad operator’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in Norfolk Southern during the 4th quarter valued at $39,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Norfolk Southern during the 4th quarter valued at $39,000. 68.44% of the stock is currently owned by institutional investors.

Several analysts have issued reports on NSC shares. TD Securities boosted their target price on shares of Norfolk Southern from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. BMO Capital Markets boosted their price target on shares of Norfolk Southern from $170.00 to $185.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Barclays cut shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and set a $150.00 price target on the stock. in a report on Friday, April 17th. Stifel Nicolaus initiated coverage on shares of Norfolk Southern in a report on Monday, April 6th. They set a “hold” rating and a $163.00 price target on the stock. Finally, Robert W. Baird boosted their price target on shares of Norfolk Southern from $197.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. Norfolk Southern has an average rating of “Hold” and a consensus price target of $189.23.

Norfolk Southern stock traded down $6.23 on Friday, reaching $160.36. 2,041,325 shares of the stock were exchanged, compared to its average volume of 1,893,820. The stock has a market cap of $41.08 billion, a PE ratio of 17.41, a PEG ratio of 2.76 and a beta of 1.38. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 0.79. Norfolk Southern Corp. has a twelve month low of $112.62 and a twelve month high of $219.88. The firm has a fifty day moving average price of $158.42 and a two-hundred day moving average price of $182.55.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, April 29th. The railroad operator reported $2.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.33. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. Norfolk Southern had a net margin of 21.89% and a return on equity of 18.12%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 EPS. Equities analysts anticipate that Norfolk Southern Corp. will post 9.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, May 7th. Norfolk Southern’s dividend payout ratio is 36.36%.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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