Clarus Wealth Advisors boosted its stake in shares of Norfolk Southern Corp. (NYSE:NSC) by 85.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,203 shares of the railroad operator’s stock after purchasing an additional 1,473 shares during the quarter. Norfolk Southern comprises approximately 0.5% of Clarus Wealth Advisors’ investment portfolio, making the stock its 27th biggest position. Clarus Wealth Advisors’ holdings in Norfolk Southern were worth $479,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in NSC. FMR LLC lifted its holdings in Norfolk Southern by 8.6% in the second quarter. FMR LLC now owns 7,036,787 shares of the railroad operator’s stock valued at $1,061,640,000 after acquiring an additional 555,871 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Norfolk Southern by 94.7% in the second quarter. Advisors Asset Management Inc. now owns 6,636 shares of the railroad operator’s stock valued at $1,001,000 after acquiring an additional 3,227 shares during the last quarter. Atria Investments LLC lifted its holdings in Norfolk Southern by 18.3% in the third quarter. Atria Investments LLC now owns 2,430 shares of the railroad operator’s stock valued at $439,000 after acquiring an additional 376 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Norfolk Southern in the third quarter valued at approximately $975,000. Finally, First Hawaiian Bank purchased a new stake in Norfolk Southern in the third quarter valued at approximately $1,303,000. 81.25% of the stock is owned by hedge funds and other institutional investors.
Norfolk Southern stock opened at $180.61 on Wednesday. Norfolk Southern Corp. has a twelve month low of $127.79 and a twelve month high of $186.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.64 and a current ratio of 0.72. The firm has a market cap of $46.70 billion, a PE ratio of 18.99, a P/E/G ratio of 1.58 and a beta of 1.38.
Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.27. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Analysts predict that Norfolk Southern Corp. will post 10.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 4th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, February 1st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.80. Norfolk Southern’s payout ratio is presently 36.17%.
NSC has been the topic of a number of research analyst reports. Bank of America lowered Norfolk Southern from a “buy” rating to a “neutral” rating and set a $182.00 target price on the stock. in a research report on Thursday, October 18th. Morgan Stanley set a $113.00 target price on Norfolk Southern and gave the company a “sell” rating in a research report on Monday, October 22nd. Loop Capital raised Norfolk Southern from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $190.00 in a research report on Wednesday, October 24th. Stifel Nicolaus raised Norfolk Southern from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research report on Wednesday, October 24th. Finally, TD Securities raised Norfolk Southern from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $182.32.
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Norfolk Southern Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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