Crossmark Global Holdings Inc. Has $1.99 Million Stock Position in Norfolk Southern Corporation $NSC

Crossmark Global Holdings Inc. boosted its position in Norfolk Southern Corporation (NYSE:NSC) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,888 shares of the railroad operator’s stock after acquiring an additional 1,663 shares during the period. Crossmark Global Holdings Inc.’s holdings in Norfolk Southern were worth $1,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSC. Brighton Jones LLC raised its holdings 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 buying an additional 79 shares during the last quarter. Intech Investment Management LLC increased its position in shares of 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 acquiring an additional 1,855 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Norfolk Southern in the 2nd quarter worth about $327,000. Schnieders Capital Management LLC. raised its holdings in shares of 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 acquiring an additional 1,670 shares during the last quarter. Finally, Jump Financial LLC lifted its position in Norfolk Southern by 185.1% in the 2nd quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after acquiring an additional 2,979 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NSC. Sanford C. Bernstein dropped their target price on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Wolfe Research boosted their price target on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Barclays upped their price objective on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Rothschild & Co Redburn increased their price objective on shares of Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, UBS Group set a $327.00 target price on Norfolk Southern in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $319.83.

Norfolk Southern Stock Down 0.3%

Norfolk Southern stock opened at $311.04 on Tuesday. The firm has a 50 day moving average price of $299.58 and a 200-day moving average price of $295.25. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. Norfolk Southern Corporation has a twelve month low of $232.35 and a twelve month high of $323.37. The company has a market capitalization of $69.86 billion, a P/E ratio of 26.20, a P/E/G ratio of 5.76 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. Norfolk Southern’s revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Norfolk Southern Corporation will post 12.11 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. Norfolk Southern’s payout ratio is 45.49%.

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.