1,693 Shares in Norfolk Southern Corporation $NSC Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,693 shares of the railroad operator’s stock, valued at approximately $533,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kelman Lazarov Inc. acquired a new stake in Norfolk Southern in the second quarter worth $870,000. Addison Advisors LLC bought a new stake in Norfolk Southern in the second quarter valued at $91,000. West Family Investments Inc. acquired a new position in shares of Norfolk Southern during the second quarter valued at $220,000. Tacita Capital Inc acquired a new position in shares of Norfolk Southern during the second quarter valued at $173,000. Finally, NewEdge Wealth LLC bought a new position in shares of Norfolk Southern during the second quarter worth about $5,513,000. 75.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on NSC shares. UBS Group reaffirmed a “neutral” rating and issued a $363.00 price objective on shares of Norfolk Southern in a report on Friday, July 24th. Weiss Ratings raised shares of Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Norfolk Southern from $316.00 to $338.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Citigroup raised their price target on shares of Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Robert W. Baird lifted their price target on Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, Norfolk Southern currently has a consensus rating of “Hold” and an average price target of $348.00.

Norfolk Southern Price Performance

Shares of NSC opened at $345.56 on Thursday. Norfolk Southern Corporation has a one year low of $268.23 and a one year high of $358.60. The stock’s fifty day moving average is $326.76 and its 200-day moving average is $312.66. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.73 and a current ratio of 0.83. The firm has a market capitalization of $77.62 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 6.00 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.20. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 earnings per share. Equities analysts anticipate that Norfolk Southern Corporation will post 12.66 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, August 7th will be issued a $1.35 dividend. The ex-dividend date is Friday, August 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. Norfolk Southern’s dividend payout ratio (DPR) is 46.08%.

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.