NEOS Investment Management LLC Has $7.60 Million Position in Norfolk Southern Corporation $NSC

NEOS Investment Management LLC increased its stake in Norfolk Southern Corporation (NYSE:NSC) by 47.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,298 shares of the railroad operator’s stock after purchasing an additional 8,090 shares during the period. NEOS Investment Management LLC’s holdings in Norfolk Southern were worth $7,600,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in NSC. Brighton Jones LLC raised its stake in Norfolk Southern by 4.9% during the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after acquiring an additional 79 shares in the last quarter. Intech Investment Management LLC raised its stake in Norfolk Southern by 40.4% during the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock worth $1,527,000 after buying an additional 1,855 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at about $327,000. Nordea Investment Management AB lifted its stake in Norfolk Southern by 6.4% in the second quarter. Nordea Investment Management AB now owns 19,598 shares of the railroad operator’s stock valued at $5,012,000 after buying an additional 1,178 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in shares of Norfolk Southern by 64.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock valued at $1,094,000 after acquiring an additional 1,670 shares during the period. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $316.94 on Thursday. The company’s fifty day moving average price is $295.20 and its 200-day moving average price is $288.81. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $319.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. The firm has a market capitalization of $71.17 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 5.62 and a beta of 1.34.

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

Norfolk Southern Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore increased their price target on Norfolk Southern from $298.00 to $299.00 in a report on Thursday, December 18th. Morgan Stanley upgraded shares of Norfolk Southern from an “equal weight” rating to a “buy” rating in a report on Thursday, December 18th. Royal Bank Of Canada reduced their price objective on Norfolk Southern from $325.00 to $320.00 and set a “sector perform” rating for the company in a research note on Friday, January 30th. Citigroup decreased their price target on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, BMO Capital Markets lifted their price objective on Norfolk Southern from $285.00 to $305.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Seven analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $304.47.

Insider Buying and Selling at Norfolk Southern

In related news, Director William Jr. Clyburn purchased 204 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $294.79 per share, with a total value of $60,137.16. Following the purchase, the director directly owned 405 shares of the company’s stock, valued at approximately $119,389.95. This trade represents a 101.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

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.