Rothschild Investment LLC Sells 171 Shares of Norfolk Southern Co. (NYSE:NSC)

Rothschild Investment LLC decreased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,896 shares of the railroad operator’s stock after selling 171 shares during the period. Rothschild Investment LLC’s holdings in Norfolk Southern were worth $2,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSC. Lake Street Advisors Group LLC grew its holdings in shares of Norfolk Southern by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after purchasing an additional 41 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of Norfolk Southern by 2.4% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after acquiring an additional 41 shares in the last quarter. Archer Investment Corp raised its holdings in Norfolk Southern by 2.3% in the third quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock worth $481,000 after purchasing an additional 43 shares in the last quarter. Albert D Mason Inc. raised its holdings in Norfolk Southern by 0.7% in the fourth quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock worth $1,615,000 after purchasing an additional 46 shares in the last quarter. Finally, Maia Wealth LLC grew its stake in shares of Norfolk Southern by 4.7% during the third quarter. Maia Wealth LLC now owns 1,044 shares of the railroad operator’s stock worth $264,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Down 0.6 %

Shares of NSC stock opened at $247.84 on Monday. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The stock has a market cap of $56.12 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. The business’s fifty day moving average is $245.46 and its 200-day moving average is $250.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) 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%. Equities analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.18%. Norfolk Southern’s payout ratio is 46.71%.

Wall Street Analyst Weigh In

NSC has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Norfolk Southern from $260.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Loop Capital cut Norfolk Southern from a “buy” rating to a “hold” rating and dropped their target price for the company from $289.00 to $256.00 in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on Norfolk Southern from $275.00 to $286.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $285.00 price target on shares of Norfolk Southern in a report on Thursday, January 30th. Finally, Susquehanna lowered their target price on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Insider Activity at Norfolk Southern

In related news, Director Gilbert H. Lamphere purchased 607 shares of Norfolk Southern stock in a transaction on Friday, January 31st. The stock was bought at an average price of $259.86 per share, with a total value of $157,735.02. Following the completion of the transaction, the director now directly owns 2,487 shares of the company’s stock, valued at approximately $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameh Fahmy purchased 350 shares of Norfolk Southern stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. The trade was a 3.50 % 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.

Norfolk Southern Company 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.