Syon Capital LLC Acquires 319 Shares of Norfolk Southern Co. (NYSE:NSC)

Syon Capital LLC boosted its holdings in Norfolk Southern Co. (NYSE:NSC) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,012 shares of the railroad operator’s stock after purchasing an additional 319 shares during the period. Syon Capital LLC’s holdings in Norfolk Southern were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its holdings in shares of Norfolk Southern by 662.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Norfolk Southern during the fourth quarter valued at approximately $32,000. Provence Wealth Management Group bought a new position in Norfolk Southern in the third quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV increased its position in shares of Norfolk Southern by 317.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of Norfolk Southern during the 4th quarter worth approximately $34,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on NSC shares. JPMorgan Chase & Co. increased their price objective on Norfolk Southern from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. TD Cowen lifted their price objective on shares of Norfolk Southern from $236.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Morgan Stanley lowered shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $185.00 to $175.00 in a research note on Monday, January 29th. Jefferies Financial Group started coverage on shares of Norfolk Southern in a research note on Monday, April 8th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Benchmark reissued a “buy” rating and set a $277.00 price target on shares of Norfolk Southern in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.32.

Norfolk Southern Stock Down 0.4 %

NSC stock opened at $239.94 on Friday. The business’s fifty day moving average price is $251.83 and its two-hundred day moving average price is $232.49. The stock has a market capitalization of $54.20 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 3.30 and a beta of 1.30. Norfolk Southern Co. has a fifty-two week low of $183.09 and a fifty-two week high of $263.66. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.68 and a quick ratio of 1.14.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. Norfolk Southern’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.32 earnings per share. On average, equities analysts anticipate that Norfolk Southern Co. will post 11.89 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 3rd will be given a $1.35 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.25%. Norfolk Southern’s payout ratio is 86.96%.

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.