Norfolk Southern Co. (NYSE:NSC) Shares Bought by Threadgill Financial LLC

Threadgill Financial LLC raised its position in Norfolk Southern Co. (NYSE:NSC) by 93.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,438 shares of the railroad operator’s stock after acquiring an additional 3,107 shares during the quarter. Norfolk Southern makes up approximately 1.6% of Threadgill Financial LLC’s portfolio, making the stock its 13th biggest position. Threadgill Financial LLC’s holdings in Norfolk Southern were worth $1,404,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NSC. Axiom Financial Strategies LLC grew its position in shares of Norfolk Southern by 9.2% during the first quarter. Axiom Financial Strategies LLC now owns 852 shares of the railroad operator’s stock worth $220,000 after buying an additional 72 shares in the last quarter. Fairfield Bush & CO. acquired a new position in shares of Norfolk Southern during the first quarter worth about $81,000. United Bank grew its position in shares of Norfolk Southern by 2.0% during the first quarter. United Bank now owns 7,581 shares of the railroad operator’s stock worth $2,162,000 after buying an additional 148 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Norfolk Southern by 4.6% during the first quarter. Cetera Investment Advisers now owns 8,640 shares of the railroad operator’s stock worth $2,464,000 after buying an additional 377 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Norfolk Southern by 13.3% during the first quarter. Sequoia Financial Advisors LLC now owns 1,946 shares of the railroad operator’s stock worth $555,000 after buying an additional 228 shares in the last quarter. 72.37% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

NSC stock traded down $4.42 on Tuesday, reaching $199.71. 259,397 shares of the company’s stock were exchanged, compared to its average volume of 1,418,622. The stock has a fifty day moving average of $218.15 and a 200-day moving average of $214.58. Norfolk Southern Co. has a twelve month low of $194.05 and a twelve month high of $261.71. The firm has a market cap of $45.34 billion, a PE ratio of 18.36, a P/E/G ratio of 2.44 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 1.15.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, July 27th. The railroad operator reported $2.95 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.20). The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 20.25% and a return on equity of 24.88%. The firm’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 EPS. As a group, equities analysts predict that Norfolk Southern Co. will post 12.55 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 4th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, August 3rd. Norfolk Southern’s payout ratio is currently 48.56%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NSC shares. Royal Bank of Canada boosted their price objective on Norfolk Southern from $210.00 to $227.00 in a research report on Friday, July 28th. Bank of America upped their price target on Norfolk Southern from $226.00 to $253.00 in a report on Tuesday, July 11th. Stifel Nicolaus upped their price target on Norfolk Southern from $242.00 to $262.00 in a report on Monday, July 17th. StockNews.com initiated coverage on Norfolk Southern in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Citigroup raised Norfolk Southern from a “neutral” rating to a “buy” rating and upped their price target for the company from $226.00 to $257.00 in a report on Monday, May 22nd. Thirteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.40.

About Norfolk Southern

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.