1,686 Shares in Norfolk Southern Corporation $NSC Acquired by Integrity Advisory Solutions LLC

Integrity Advisory Solutions LLC acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the third quarter, Holdings Channel reports. The fund acquired 1,686 shares of the railroad operator’s stock, valued at approximately $506,000.

Several other large investors have also recently added to or reduced their stakes in NSC. Brighton Jones LLC boosted its holdings in shares of 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 during the period. Intech Investment Management LLC lifted its position in Norfolk Southern by 40.4% in the 1st quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock valued at $1,527,000 after purchasing an additional 1,855 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Norfolk Southern during the 2nd quarter valued at about $327,000. Schnieders Capital Management LLC. grew its position in Norfolk Southern by 64.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock worth $1,094,000 after purchasing an additional 1,670 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in shares of Norfolk Southern by 58.5% in the second quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 48 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NSC shares. Wolfe Research boosted their price objective on Norfolk Southern from $361.00 to $368.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Citigroup reduced their price target on Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Barclays lowered their price target on Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Susquehanna upped their price objective on shares of Norfolk Southern from $304.00 to $305.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating and decreased their target price for the company from $354.00 to $297.00 in a research report on Thursday, December 11th. Seven analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $304.47.

Norfolk Southern Trading Down 2.0%

Shares of Norfolk Southern stock opened at $311.57 on Friday. The business has a fifty day simple moving average of $299.85 and a 200-day simple moving average of $291.39. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $319.94. The firm has a market cap of $69.97 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 5.74 and a beta of 1.31. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.06.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, topping the consensus estimate of $2.76 by $0.46. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the business earned $3.04 earnings per share. Norfolk Southern’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $5.40 annualized dividend and a yield of 1.7%. Norfolk Southern’s dividend payout ratio is currently 42.35%.

About Norfolk Southern

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.