Hexagon Capital Partners LLC Has $110,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Hexagon Capital Partners LLC lessened its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 11.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 430 shares of the railroad operator’s stock after selling 58 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Norfolk Southern were worth $110,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Norfolk Southern by 662.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after buying an additional 106 shares during the last quarter. Rise Advisors LLC acquired a new stake in Norfolk Southern in the 1st quarter worth about $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Norfolk Southern in the 4th quarter worth about $32,000. Creative Financial Designs Inc. ADV raised its stake in Norfolk Southern by 317.1% in 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 in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in Norfolk Southern in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.3 %

NYSE:NSC traded down $0.63 during mid-day trading on Monday, hitting $214.06. 749,256 shares of the company’s stock were exchanged, compared to its average volume of 1,328,629. The company has a 50 day simple moving average of $227.10 and a 200-day simple moving average of $239.01. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. Norfolk Southern Co. has a fifty-two week low of $183.09 and a fifty-two week high of $263.66. The firm has a market capitalization of $48.36 billion, a P/E ratio of 34.40, a PEG ratio of 2.03 and a beta of 1.32.

Norfolk Southern (NYSE:NSC) last posted 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that Norfolk Southern Co. will post 11.88 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 3rd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.52%. Norfolk Southern’s dividend payout ratio is presently 86.96%.

Insider Buying and Selling

In other news, Director Sameh Fahmy purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $219.25 per share, for a total transaction of $438,500.00. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at $1,534,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Sameh Fahmy purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $219.25 per share, for a total transaction of $438,500.00. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at $1,534,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Claude Mongeau purchased 5,650 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average price of $221.00 per share, for a total transaction of $1,248,650.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $4,420,000. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NSC has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on shares of Norfolk Southern from $252.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Loop Capital raised their target price on shares of Norfolk Southern from $261.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Stifel Nicolaus raised their target price on shares of Norfolk Southern from $233.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 12th. Wells Fargo & Company decreased their target price on shares of Norfolk Southern from $270.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Finally, UBS Group decreased their target price on shares of Norfolk Southern from $302.00 to $294.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.89.

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.