Fideuram Asset Management Ireland dac Takes $930,000 Position in Norfolk Southern Corporation $NSC

Fideuram Asset Management Ireland dac acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,221 shares of the railroad operator’s stock, valued at approximately $930,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its stake in shares of Norfolk Southern by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock valued at $726,000 after acquiring an additional 35 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Norfolk Southern by 4.6% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 791 shares of the railroad operator’s stock valued at $228,000 after acquiring an additional 35 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Norfolk Southern by 1.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,090 shares of the railroad operator’s stock valued at $892,000 after buying an additional 35 shares during the period. Exencial Wealth Advisors LLC increased its position in shares of Norfolk Southern by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock valued at $929,000 after buying an additional 35 shares during the period. Finally, Quotient Wealth Partners LLC increased its position in shares of Norfolk Southern by 4.5% during the fourth quarter. Quotient Wealth Partners LLC now owns 864 shares of the railroad operator’s stock valued at $250,000 after buying an additional 37 shares during the period. 75.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Rothschild & Co Redburn boosted their price target on shares of Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on shares of Norfolk Southern from $310.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Weiss Ratings cut shares of Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Wolfe Research boosted their price target on shares of Norfolk Southern from $350.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Finally, BMO Capital Markets boosted their price target on shares of Norfolk Southern from $305.00 to $310.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Six analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $319.83.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $304.99 on Friday. The stock has a market capitalization of $68.50 billion, a P/E ratio of 25.69, a P/E/G ratio of 5.63 and a beta of 1.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. Norfolk Southern Corporation has a 1 year low of $241.82 and a 1 year high of $326.00. The company’s 50-day moving average is $303.14 and its 200 day moving average is $298.30.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. On average, sell-side analysts expect that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 8th. Norfolk Southern’s dividend payout ratio is 45.49%.

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.