166 Shares in Norfolk Southern Co. (NYSE:NSC) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new position in Norfolk Southern Co. (NYSE:NSC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 166 shares of the railroad operator’s stock, valued at approximately $39,000.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its position in shares of Norfolk Southern by 13.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 12,502 shares of the railroad operator’s stock worth $2,934,000 after purchasing an additional 1,527 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Norfolk Southern by 0.6% during the fourth quarter. Stephens Inc. AR now owns 9,340 shares of the railroad operator’s stock worth $2,192,000 after purchasing an additional 59 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its position in shares of Norfolk Southern by 7.0% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 1,537 shares of the railroad operator’s stock worth $361,000 after purchasing an additional 100 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Norfolk Southern by 2.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 57,528 shares of the railroad operator’s stock worth $13,502,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Norfolk Southern by 4.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 9,078 shares of the railroad operator’s stock worth $2,130,000 after purchasing an additional 360 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Price Performance

NSC opened at $256.53 on Wednesday. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The firm has a market capitalization of $58.04 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.32 and a beta of 1.35. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The business’s 50-day moving average is $246.13 and its two-hundred day moving average is $250.24.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. Research analysts anticipate that Norfolk Southern Co. will post 13.02 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Friday, February 7th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.11%. Norfolk Southern’s payout ratio is 46.71%.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents a 3.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gilbert H. Lamphere bought 607 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the acquisition, the director now directly owns 2,487 shares of the company’s stock, valued at approximately $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $285.00 target price on shares of Norfolk Southern in a research report on Thursday, January 30th. Robert W. Baird lifted their target price on Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. TD Cowen lifted their price objective on Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Barclays lifted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Evercore ISI decreased their price objective on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $276.11.

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.