Norfolk Southern Corporation $NSC Stock Holdings Boosted by Keybank National Association OH

Keybank National Association OH grew its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 12.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 128,775 shares of the railroad operator’s stock after purchasing an additional 14,326 shares during the quarter. Keybank National Association OH’s holdings in Norfolk Southern were worth $36,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in Norfolk Southern during the third quarter valued at about $25,000. BNP Paribas acquired a new position in Norfolk Southern during the second quarter worth about $26,000. GoalVest Advisory LLC raised its position in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Norfolk Southern by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 67 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in Norfolk Southern by 669.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 1.2%

NYSE:NSC opened at $322.85 on Friday. 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 1-year low of $257.49 and a 1-year high of $326.00. The firm has a market capitalization of $72.51 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 5.89 and a beta of 1.27. The stock has a fifty day simple moving average of $312.03 and a 200 day simple moving average of $301.85.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that Norfolk Southern Corporation will post 12.12 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.7%. Norfolk Southern’s payout ratio is currently 45.49%.

Analyst Ratings Changes

Several research firms have recently weighed in on NSC. Jefferies Financial Group reduced their price objective on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Sanford C. Bernstein dropped their target price on shares of Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Evercore set a $325.00 target price on shares of Norfolk Southern in a research note on Friday, April 24th. Barclays raised their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wolfe Research lifted their price target on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Six investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $320.35.

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.