1,800 Shares in Norfolk Southern Corporation $NSC Acquired by Wealth Science Advisors LLC

Wealth Science Advisors LLC acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,800 shares of the railroad operator’s stock, valued at approximately $566,000.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in Norfolk Southern during the 3rd quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in shares of Norfolk Southern by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock valued at $27,000 after buying an additional 67 shares during the last quarter. BNP Paribas bought a new stake in Norfolk Southern during the 2nd quarter worth approximately $26,000. Financial Life Planners bought a new stake in Norfolk Southern during the first quarter worth $33,000. Finally, Bayban purchased a new position in Norfolk Southern during the 4th quarter worth $34,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

NYSE:NSC opened at $334.86 on Monday. The business’s fifty day moving average is $322.11 and its 200 day moving average is $309.80. The firm has a market cap of $75.21 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 5.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.73 and a current ratio of 0.83. Norfolk Southern Corporation has a 52-week low of $268.23 and a 52-week high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts predict that Norfolk Southern Corporation will post 12.6 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, August 7th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 7th. Norfolk Southern’s payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Evercore set a $358.00 target price on Norfolk Southern in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $363.00 price objective on shares of Norfolk Southern in a research report on Friday, July 24th. Benchmark reiterated a “hold” rating on shares of Norfolk Southern in a research note on Friday, July 24th. Finally, BMO Capital Markets increased their target price on shares of Norfolk Southern from $310.00 to $355.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Norfolk Southern currently has a consensus rating of “Hold” and a consensus price target of $348.00.

Norfolk Southern Company 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.