Team Hewins LLC Invests $733,000 in Norfolk Southern Co. (NYSE:NSC)

Team Hewins LLC bought a new stake in Norfolk Southern Co. (NYSE:NSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,103 shares of the railroad operator’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Provence Wealth Management Group bought a new stake in Norfolk Southern in the third quarter valued at $28,000. Exchange Traded Concepts LLC grew its position in Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of Norfolk Southern during the 3rd quarter worth approximately $32,000. Orion Capital Management LLC bought a new position in Norfolk Southern in the 3rd quarter worth approximately $32,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Norfolk Southern in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.1 %

NYSE:NSC traded up $0.14 on Friday, reaching $226.44. 586,087 shares of the company’s stock were exchanged, compared to its average volume of 1,365,652. The business has a fifty day moving average of $242.14 and a 200-day moving average of $237.08. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.37. Norfolk Southern Co. has a 52-week low of $183.09 and a 52-week high of $263.66. The firm has a market capitalization of $51.16 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). Norfolk Southern had a net margin of 11.76% and a return on equity of 19.61%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the firm earned $3.32 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts expect that Norfolk Southern Co. will post 11.88 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 3rd were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, May 2nd. Norfolk Southern’s payout ratio is currently 86.96%.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, CMO Claude E. Elkins sold 8,329 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $228.43, for a total transaction of $1,902,593.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NSC shares. The Goldman Sachs Group raised their price target on shares of Norfolk Southern from $252.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Stifel Nicolaus lifted their target price on shares of Norfolk Southern from $233.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Jefferies Financial Group started coverage on shares of Norfolk Southern in a research report on Monday, April 8th. They issued a “buy” rating and a $300.00 target price on the stock. BMO Capital Markets decreased their price objective on shares of Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating on the stock in a research report on Monday, January 29th. Finally, Citigroup lifted their target price on shares of Norfolk Southern from $253.00 to $286.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.78.

Norfolk Southern Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.