Bryn Mawr Capital Management LLC Has $491,000 Stake in Norfolk Southern Co. (NYSE:NSC)

Bryn Mawr Capital Management LLC lifted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 68.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,079 shares of the railroad operator’s stock after purchasing an additional 844 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Norfolk Southern were worth $491,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in Norfolk Southern by 69.0% in the 3rd quarter. American Century Companies Inc. now owns 2,723,398 shares of the railroad operator’s stock valued at $536,319,000 after buying an additional 1,112,261 shares during the last quarter. London Co. of Virginia raised its position in Norfolk Southern by 41.2% in the 3rd quarter. London Co. of Virginia now owns 1,976,871 shares of the railroad operator’s stock valued at $389,305,000 after buying an additional 577,171 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Norfolk Southern in the 3rd quarter valued at $103,223,000. International Assets Investment Management LLC raised its position in Norfolk Southern by 23,585.8% in the 4th quarter. International Assets Investment Management LLC now owns 351,261 shares of the railroad operator’s stock valued at $83,031,000 after buying an additional 349,778 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Norfolk Southern by 3.2% in the 3rd quarter. Lazard Asset Management LLC now owns 8,629,330 shares of the railroad operator’s stock valued at $1,699,371,000 after buying an additional 264,031 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup increased their price target on Norfolk Southern from $253.00 to $286.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $270.00 target price on shares of Norfolk Southern in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on Norfolk Southern from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. TD Cowen raised their target price on Norfolk Southern from $236.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group initiated coverage on Norfolk Southern in a research report on Monday, April 8th. They set a “buy” rating and a $300.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Norfolk Southern Stock Down 0.4 %

Shares of NYSE NSC opened at $239.94 on Friday. Norfolk Southern Co. has a 52 week low of $183.09 and a 52 week high of $263.66. The business has a 50-day simple moving average of $251.83 and a two-hundred day simple moving average of $232.71. The company has a quick ratio of 1.14, a current ratio of 0.68 and a debt-to-equity ratio of 1.37. The company has a market cap of $54.20 billion, a P/E ratio of 38.64, a P/E/G ratio of 3.29 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing the consensus estimate of $2.58 by ($0.09). Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business earned $3.32 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts anticipate that Norfolk Southern Co. will post 11.82 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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

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.